Navios Maritime Holdings Inc. Reports Financial Results for the First Quarter Ended March 31, 2012
PIRAEUS, GREECE, May 17, 2012 (MARKETWIRE via COMTEX) --Navios Maritime Holdings Inc. (NYSE: NM)
-- Dividend of $0.06 per share for Q1 2012
-- $223 million available liquidity
-- Strong EBITDA generation of $62.6 million - EPS of $0.09 per share
-- 2012 Fleet Coverage of 89.4%
-- Fleet Utilization of 99%
-- Delivery of three owned vessels
Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE: NM), a global, vertically integrated seaborne shipping and logistics company, today reported financial results for the quarter ended March 31, 2012.
Angeliki Frangou, Chairman and Chief Executive Officer of Navios Holdings stated, "We had a solid quarter in a market environment that continues to be challenging. We have been focused on maintaining a healthy balance sheet while returning capital to our shareholders through dividend payments. We declared a $0.06 dividend per share for Q1 2012 to shareholders of record on June 26, 2012."
Ms. Frangou continued, "We have also focused on increasing the efficiency of our global fleet as a means of further reducing expenses. Efficiency equals strength in this market, and our technical group has been singularly focused on reducing our operating costs and maximizing fleet utilization. As a result, our operating costs are about 35% below the industry average and fleet utilization is at 99%."
HIGHLIGHTS - RECENT DEVELOPMENTS
- more here:
http://phoenix.corporate-ir.net/phoenix.zhtml?c=187110&p=irol-newsArticle_print&ID=1696983&highlight=
http://www.navios.com/
PIRAEUS, GREECE, May 17, 2012 (MARKETWIRE via COMTEX) --Navios Maritime Holdings Inc. (NYSE: NM)
-- Dividend of $0.06 per share for Q1 2012
-- $223 million available liquidity
-- Strong EBITDA generation of $62.6 million - EPS of $0.09 per share
-- 2012 Fleet Coverage of 89.4%
-- Fleet Utilization of 99%
-- Delivery of three owned vessels
Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE: NM), a global, vertically integrated seaborne shipping and logistics company, today reported financial results for the quarter ended March 31, 2012.
Angeliki Frangou, Chairman and Chief Executive Officer of Navios Holdings stated, "We had a solid quarter in a market environment that continues to be challenging. We have been focused on maintaining a healthy balance sheet while returning capital to our shareholders through dividend payments. We declared a $0.06 dividend per share for Q1 2012 to shareholders of record on June 26, 2012."
Ms. Frangou continued, "We have also focused on increasing the efficiency of our global fleet as a means of further reducing expenses. Efficiency equals strength in this market, and our technical group has been singularly focused on reducing our operating costs and maximizing fleet utilization. As a result, our operating costs are about 35% below the industry average and fleet utilization is at 99%."
HIGHLIGHTS - RECENT DEVELOPMENTS
- more here:
http://phoenix.corporate-ir.net/phoenix.zhtml?c=187110&p=irol-newsArticle_print&ID=1696983&highlight=
http://www.navios.com/
