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MONACO, March 10, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has filed its 2024 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (the “SEC”).
MONACO, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company” or “Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has authorized a program under which it may from time to time in the future purchase up to 3,000,000 shares of the Company's common stock. If the maximum number of shares of the Company's common stock are purchased pursuant to the aforementioned program, it would represent approximately 2.8% of the shares of the Company's common stock outstanding and 5.4% of its public float. The program supersedes any prior repurchase program of the Company.
Safe Bulkers, Inc. (NYSE:SB ) Q4 2024 Earnings Conference Call February 19, 2025 9:00 AM ET Company Participants Loukas Barmparis - President, Secretary, Director Konstantinos Adamopoulos - CFO & Director Polys Hajioannou - Chairman & CEO Conference Call Participants Omar Nokta - Jefferies Operator Thank you for standing by, ladies and gentlemen, and welcome to the Safe Bulkers conference call and Fourth Quarter 2024 Financial Results. We have with us Mr.
MONACO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and twelve month periods ended December 31, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock.
Earnings Release: Tuesday, February 18, 2025, After Market Closes Conference Call and Webcast: Wednesday, February 19, 2025, at 9:00 A.M. Eastern Time MONACO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the fourth quarter ended December 31, 2024, after the market closes in New York on Tuesday, February 18, 2025.
MONACO, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared:
Safe Bulkers' Q3/9M results show impressive growth in net operating revenue and operating margin, driven by increased and newer vessels and improved operating efficiency. SB's capitalization on more efficient fleets may allow it to remain profitable despite headwinds. The Company's liquidity is robust, with stable debt levels and strong cash reserves, enabling fleet modernization, debt coverage, and sustained dividend payouts.
Safe Bulkers, with a $380 million market cap, owns a young fleet of 46 vessels, emphasizing fleet modernization and environmental compliance. Q3 revenues rose 17% YoY to $76 million, with EPS of $0.16 and strong liquidity over $300 million. Trading at a 4.38x EV/EBITDA multiple, Safe Bulkers appears undervalued compared to peers, with consistent double-digit revenue growth.
Safe Bulkers (SB) came out with quarterly earnings of $0.16 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.08 per share a year ago.