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Genco Shipping & Trading Limited (NYSE:GNK ) Q4 2024 Earnings Call February 20, 2025 8:30 AM ET Company Participants Peter Allen - Chief Financial Officer John Wobensmith - Chief Executive Officer Michael Orr - Assistant Vice President, Finance Conference Call Participants Omar Nokta - Jefferies Chris Robertson - Deutsche Bank Sherif Elmaghrabi - BTIG Poe Fratt - Alliance Global Partners Operator Good morning, ladies and gentlemen and welcome to the Genco Shipping & Trading Limited Fourth Quarter 2024 Earnings Conference Call and Presentation. Before we begin, please note that there will be a slide presentation accompanying today's conference call.

Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.43 per share a year ago.

Declares Dividend of $0.30 per share for Q4 2024 Represents Genco's 22 nd Consecutive Quarterly Dividend

Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NEW YORK, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the fourth quarter of 2024 on Thursday, February 20, 2025 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the fourth quarter ended December 31, 2024 on Wednesday, February 19, 2025 after the close of market trading.

The wider correction observed in the dry bulk stocks has been unwarranted indeed, attributed to the still higher spot rates and ongoing supply demand imbalance. The same has been observed in GNK's higher contracted TCE rates, richer adj EBITDA margins, healthier balance sheet, and richer dividend policy. This is on top of the management's similarly promising FQ4'24 guidance, with investors likely looking forward to another rich payout ahead.

Low leverage and efficient, and a diversified fleet ensures stability in volatile markets. Operational resilience and competent management enables continued dividend payments. Strong dividend policy offers both income stability and growth potential.

Genco Shipping and Trading CEO John Wobensmith discusses the potential impact of U.S. tariffs on global trade and shipping.

Genco Shipping & Trading Limited (NYSE:GNK ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants John Wobensmith - Chief Executive Officer Peter Allen - Chief Financial Officer Michael Orr - DryBulk Market Analyst Conference Call Participants Omar Nokta - Jeffries Liam Burke - B. Riley Securities Sherif Elmaghrabi - BTIG Bendik Nyttingnes - Clarkson Securities Operator Good morning, ladies and gentlemen and welcome to the Genco Shipping and Trading Limited Third Quarter 2024 Earnings Conference Call and Presentation before we begin, please note that there will be a slide presentation accompanying today's conference call.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.