Business
Seanergy Maritime Holdings Corp. Reports Record Fourth Quarter 2021 Financial Results and Declares Dividend of $0.05 Per Share
Initiates Quarterly Dividend, Declares Special Dividend &Completes New Buyback of Convertibles totalling $10 million in 2022 Highlights of the Fourth Quarter
About this update from Seanergy Maritime Holdings Corp.
[{"type":"text","content":"Initiates Quarterly Dividend, Declares Special Dividend &Completes New Buyback of Convertibles totalling $10 million in 2022 Highlights of the Fourth Quarter of 2021: EPS basic: $0.12 and Adjusted EPS1 basic: $0.16 in Q4 2021EPS diluted: $0.11 and Adjusted EPS1 diluted: $0.14 in Q4 2021Net revenues: $56.7 million in Q4 2021, as compared to $21.3 million in Q4 2020, up 166% Net Income: $20.6 million in Q4 2021, as compared to net loss of $2.3 million in Q4 2020 Adjusted Net Income1: $27.9 million in Q4 2021, as compared to an adjusted net loss of $2.3 million in Q4 2020EBITDA1: $31.5 million in Q4 2021, as compared to $8.3 million in Q4 2020, up 280%Adjusted EBITDA1: $38.8 million in Q4 2021, as compared to $8.3 million in Q4 2020, up 367% Highlights of Full Year 2021: EPS basic: $0.27 and Adjusted EPS1 basic: $0.35 in Q4 2021EPS diluted: $0.25 and Adjusted EPS1 diluted: $0.28 in Q4 2021Net revenues: $153.1 million in 2021, as compared to $63.3 million in 2020, up 142% Net Income: $41.3 million in 2021, as compared to a net loss of $18.4 million in 2020Adjusted Net Income1: $53.3 million in 2021, as compared to an adjusted net loss of $22.6 million in 2020 EBITDA1: $78.9 million in 2021, as compared to $19.9 million in 2020, up 296%Adjusted EBITDA1: $90.1 million in 2021, as compared to $15.6 million in 2020, up 478%Shareholders’ equity of $244.5 million on December 31, 2021, compared to $95.7 million on December 31, 2020 $35.6 million in Dividends and Recent Repurchases: Initiates a regular quarterly dividend and declares dividend of $0.025 per share for the fourth quarter of 2021 Declares a special dividend of $0.025 per share for the fourth quarter of 2021Quarterly and special dividend payable on or about April 5, 2022 to all shareholders of record as of March 25, 2022Additional buyback of $5.0 million of the outstanding convertible note increasing total buybacks to $26.7 million in the past 4 months Additional highlights: Delivery of 7 Japanese Capesize bulkers in 2021 increasing the fleet by 55% Financing and refinancing transactions of $170.5 million, with improved pricing and overall loan termsEntire fleet under time-charter agreements with first-class charterers, 15 vessels on index-linked rates GLYFADA, Greece, March 10, 2022 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP), announced t...