What is the revenue and EPS growth rate for Euroseas year over year?

What is Euroseas's latest dividend and current dividend yield?

What is Euroseas's gross profit margin?

What is the market's earnings forecast for Euroseas next quarter?

What does Euroseas do and what are its main business segments?

Did Euroseas beat or miss consensus estimates last quarter?

What guidance did Euroseas's management provide for the next earnings period?

What factors drove the changes in Euroseas's revenue and profit?

- **Record Financial Performance**: Q4 2025 net income $140.5M, 7% dividend increase to $0.75/share, and $19.4M gain on vessel sales.
- **Strong Contract Coverage**: 87% of 2026 days fixed at $30,700/day, with 2028 rates rising to $32,400/day.
- **Liquidity & Valuation**: $188.7M cash, 33% discount to NAV, and 5% dividend yield.
- **Strategic Focus**: Dividends > share buybacks > newbuilds; no immediate secondhand acquisitions.
- **Risk Management**: Scrapping contingent on rate declines; 11 vessels scrapped in 2025 at $435/light.

**【CEO Summary Section】**
- **Q4 2025 Financial Highlights**: Total net revenues of $57.4 million, net income of $140.5 million, and adjusted EBITDA of $40.7 million. A 7% dividend increase to $0.75 per share (annualized $3) and a $20 million share repurchase program renewed in May 2025 with $11.4 million deployed to date.
- **Vessel Sales & Fleet Updates**: Sold vessel Marcos V for a $9.2 million gain. Secured multi-year charters for 6 vessels at $30,000/day and 4 vessels at $2,500/day. Fleet of 21 vessels (6,100 TEU) with 4 newbuilds (18,000 TEU) expected by 2028.
- **Market Outlook**: 87% of 2026 voyage days fixed at $30,700/day, 71% of 2027 days at $31,900/day, and 41% of 2028 days at $32,400/day. Time charter rates remain near historical highs despite newbuilding pipeline growth.

**【CFO Financial Commentary】**
- **Year-Over-Year Growth**: 2025 net revenues up 7% to $227.9 million, net income up 21% to $137 million, and adjusted EBITDA up 15% to $155.9 million. 2025 gain on vessel sales totaled $19.4 million.
- **Debt & Liquidity**: Total debt $218.4 million with 5.7% cost. 2026 debt repayments $19.5 million, 2027 $36.8 million (including $20M balloon). Cash flow breakeven $12,200/day vs. $30,000+ contracted rates.
- **Valuation**: Fleet market value $664 million (vs. book value $465 million). NAV $93.7/share vs. $62.4/share trading price, 33% discount.

**【Q&A Key Highlights】**
- **Capital Allocation**: Prioritize dividends (5% yield) over share buybacks and newbuilds. No immediate secondhand acquisitions; focus on 2027-2028 newbuilds.
- **Scrap Timing**: Scrapping dependent on charter rate declines; 11 vessels scrapped in 2025 at $435/light. Older vessels passing special surveys for 3+ years of life.
- **Operating Expenses**: 2026 OpEx guided at $7,600/day (5% YoY increase) driven by euro/dollar exchange rate and crew costs. Minimal drydocking in 2026.
- **Dividend Policy**: Target 5%+ yield, with flexibility to increase based on cash flow. No special dividends planned.
- **Newbuilds**: 4 vessels ($140-150M total) expected 2027-2028. Balloon repayments refinanced as needed.


Euroseas Ltd.(ESEA)-20260225-2025 Q4 Earnings call transcript

- **Q3 2025 Strong Financials**: Revenue $56.9M, net income $29.7M, and dividend of $0.70/share declared.
- **Vessel Portfolio Optimization**: $50M vessel sale and newbuild charters at $35,500/day for 2027-2028 deliveries.
- **Market Resilience**: 1-year charter rates at $25,750/day, 75% 2026 coverage at $33,500/day, and 52% 2027 coverage at $35,500/day.
- **Financial Discipline**: 5.9% debt cost, $126.4M cash, and 30% discount to charter-adjusted NAV.
- **Growth and Risk**: Newbuild commitments of $240M, cautious on 2027-2028 supply growth, and 50% leverage target.

**【CEO Summary Section】**
- **Q3 2025 Financial Highlights**: Total net revenue of $56.9 million, net income of $29.7 million, and a quarterly dividend of $0.70 per share declared.
- **Vessel Activity**: Sold the Marcos V for $50 million with a $9.3 million gain. Extended charters for Jonathan P (11-12 months at $25,000/day) and Synergy Oakland (36 months at $33,500/day). Newbuilds (Elena, Thrylos, Nikitas G, Socrates Ch) chartered for 4 years at $35,500/day or 5 years at $32,500/day.
- **Fleet Overview**: 21 vessels (61,000 TEU capacity, 12-year average age) with 4 newbuilds (4,484 TEU each) expected in 2027-2028. Forward coverage: 100% for 2025, 75% for 2026, 52% for 2027, and 30% for 2028 at rates of $30,345/day, $33,500/day, $35,500/day, and $35,000/day respectively.
- **Market Insights**: Strong charter rates ($25,750/day for 2,500 TEU vessels) driven by limited supply, geopolitical tensions, and energy transition delays. Secondhand prices up 4.4% QoQ, newbuild prices stable.

**【CFO Financial Commentary】**
- **Financial Performance**: Q3 2025 net revenue up 5.1% YoY to $56.9 million, adjusted EBITDA $38.8 million (6.4% YoY growth). Operating expenses $7,246/day (flat YoY). Breakeven rate $13,073/day (down 4.5% YoY), dividend distribution $2,410/day (20% YoY increase).
- **Debt Management**: Total debt $224 million (5.9% cost), with $5.4 million Q4 repayments and $19.5 million in 2026. Newbuild financing estimated at $140-150 million.
- **Balance Sheet**: Cash and equivalents $126.4 million, book value $427 million vs. charter-adjusted NAV $595 million (30% discount to share price).

**【Q&A Highlights】**
- **Dry Docking**: Minimal off-hire days in Q4 2025; next scheduled dry dock in Q3 2026.
- **Market Outlook**: Cautious on 2027-2028 due to newbuild supply growth (8.3% in 2027, 2.7% in 2028). Charterers locking in rates for 2028 at $35,000/day despite potential oversupply.
- **Newbuilds**: $240 million total cost, $36 million paid, $200 million remaining. Deliveries in 2027-2028 with 10% payments tied to steel cutting (mid-2026).
- **Fleet Strategy**: Conservative with 98% utilization; considering future orders if market conditions warrant.
- **Leverage**: Target 50% (currently ~45%), cautious on market risks with 20%+ rate of return threshold for new investments.

Euroseas Ltd.(ESEA)-20251118-2025 Q3 Earnings call transcript

- **Record Dividend Growth**: $0.70/share quarterly dividend (7.7% increase) reflects confidence in cash flow stability.
- **Strong Charter Coverage**: 100% 2025 coverage at $28,000/day; 67% 2026 coverage at $31,600/day amid tight feeder/intermediate vessel supply.
- **Fleet Renewal Focus**: 2027 newbuilds to replace aging fleet; cautious on secondhand purchases due to high valuations.
- **Financial Resilience**: Adjusted EBITDA up 20% YoY to $76.4M; debt at 35% of book value with $126.8M cash buffer.
- **NAV Premium**: Shares trading at $50 vs. $80 NAV estimate, offering 60% upside potential.

**【CEO Opening Remarks】**
- Q2 2025 net revenues: $57.2 million; net income: $29.9 million ($4.29/diluted share). Adjusted EBITDA: $39.3 million.
- Dividend increased to $0.70/share (7.7% growth), annualized yield ~5.5%. Fleet renewal plans for 2027 newbuilds.
- 2025 charter coverage: ~100% at $28,000/day; 2026: 67% at $31,600/day. Fleet idle rate negligible (0.5% global TEU).
- ESG progress: 5th annual report published; KPIs improving across sustainability metrics.

**【CFO Financial Commentary】**
- Q2 2025: Total net revenues down 2.5% YoY ($58.7M → $57.2M); adjusted EBITDA down 7.6% ($42.3M → $39.3M).
- 6M 2025: Revenues up 7.7% YoY ($105.4M → $113.6M); adjusted EBITDA up 20% ($63.9M → $76.4M).
- Debt: $229.4M (35% of book value); cash: $126.8M. 2025 repayments: $10.8M; 2026: $19.5M; 2027: $36.9M.
- Fleet breakeven: $12,000/day; current earnings above breakeven. NAV estimate: $80/share (35% premium to current price).

**【Q&A Highlights】**
- **Contract Structure**: All charters fixed-rate, no voyage dependency.
- **Fleet Sales**: Sold 15-year-old vessel to MSC for $50M; no further sales planned in 2025.
- **Fleet Growth**: Prefer newbuilds over secondhand; 2027 newbuilds on track. Order book for 1,000-3,000 TEU vessels: 5.4% (vs. 30.7% overall fleet).
- **Drydocking**: Light schedule next 12 months; 2 vessels drydocked in H1.
- **Capital Allocation**: Proceeds from vessel sale ($50M) to be used for dividend, buybacks, or newbuilds; decision pending Q3 board meeting.


Euroseas Ltd. (ESEA) Q2 2025 Earnings Call Transcript

- **Record Q1 Financials**: Revenues up 20.6%, net income surging 84%, EBITDA $37.1M.
- **$50M Vessel Sale**: Gain of $8.5M from Marcos B6 sale, enhancing liquidity.
- **Euroholdings Spin-Off**: Independent entity trading at $5.6/share, unlocking value.
- **Strong Fleet Coverage**: 97% of 2025 days booked at $28.25K/day, 67% of 2026 at $31.6K/day.
- **Geopolitical Risks**: Middle East tensions and trade wars could disrupt rates.
- **Solid Balance Sheet**: $106M cash, 38% debt-to-assets, $74-75M NAV/share.
- **Cautious Outlook**: 2025 GDP growth 2.8%, limited supply growth in key segments.

**【CEO Summary Section】**
- Q1 2025 net revenues: $56.3 million (20.6% YoY increase), net income: $36.9 million (84% YoY increase), and adjusted EBITDA: $37.1 million.
- Vessel sale of Motor/Vessel Marcos B6 for $50 million, expected gain exceeding $8.5 million.
- Spin-off of Euroholdings (3 older vessels) completed, trading independently on NASDAQ as EHLD.
- Fleet of 22 vessels with 97% of 2025 days secured at $28,250/day, 67% of 2026 days secured at $31,600/day.
- 2025 global GDP growth forecast revised down to 2.8%, with geopolitical risks in Middle East and trade tensions.
- Intermediate vessels (2,500-8,000 TEU) face limited supply growth (1.3% in 2026), supporting rates.

**【CFO Financial Commentary】**
- Total debt: $244 million (38% of book value), cash: $106.4 million, and net asset value: $74-75/share.
- Cash flow breakeven: $12,673/day, well below fleet earnings.
- 2025 scheduled debt repayments: $18.4 million, 2026: $19.5 million, 2027: $36.8 million.
- OpEx per vessel: $7,511/day (down 6% YoY), dividend: $2.12/day.

**【Q&A Highlights】**
- Scheduled off-hire days: 25-day retrofit during dry dock.
- Key risks: rerouting through Suez (10% ton-mile reduction), tariffs, and trade slowdowns.
- No plans to sell vessels under charter; may consider older vessels post-charter expiration.
- OpEx expected to decline with new builds, but 2% budget increase for 2025.
- Vessel sale proceeds: $50 million in Q4, used for debt reduction and share buybacks.
- No immediate plans to sell additional older vessels; monitoring market for opportunities.


Euroseas (ESEA)-18 Jun 25-2025 Q1 Earnings call transcript

- **Revenue growth**: Q4 2024 net revenues up 8.7% YoY to $53.3M
- **Dividend boost**: Quarterly dividend increased to $0.65/share (7.8% yield)
- **Fleet utilization**: 99.7% for FY2024, minimal idle days
- **Market strength**: 2,500 TEU charter rates at $32,500/day (3x 2019 median)
- **NAV discount**: Shares trade at ~47% discount to $68.2 post-spin-off NAV
- **Growth pipeline**: 2 newbuilds on 36-month charters, 85% 2025 fleet coverage

**【CEO Opening Remarks】**
- Q4 2024 net revenues: $53.3 million (8.7% YoY increase)
- Adjusted net income: $23.3 million ($3.33 diluted EPS)
- Dividend increase to $0.65 per share (7.8% annualized yield)
- Fleet utilization: 99.6% for Q4, 99.7% for FY2024
- Spin-off of Euroholdings Ltd. (5% of NAV) to shareholders
- Share repurchase program: 425,000 shares ($9.25M) since May 2022

**【CFO Financial Highlights】**
- FY2024 total net revenues: $212.9 million (12.4% YoY growth)
- FY2024 adjusted EBITDA: $135.8 million (9% YoY increase)
- Operating expenses: $7,526/day/vessel (4.8% YoY decline)
- Cash flow breakeven rate: $14,800/day/vessel (FY2024)
- Debt: $208M as of Dec 31, 2024 (35% of book value)
- NAV per share: $72 (pre-spin-off), $68.2 (post-spin-off)

**【Market & Fleet Updates】**
- 2 newbuild 2,800 TEU vessels delivered in Q1 2025 at $32,000/day
- 85% of fleet fixed for 2025, 49% for 2026
- 2024 fleet growth: 10.8%, idle fleet: 0.6% (Q4 2024)
- 2,500 TEU charter rates: $32,500/day (Feb 2025, 3x 2019 median)
- Order book for 1,000-3,000 TEU vessels: 3.2% (vs 27% overall fleet)

**【Q&A Key Takeaways】**
- 2025 drydocking days: ~75 (vs 50-70 previously)
- Intermediate vessel charter rates: $35,500/day (current market)
- Spin-off timing: Euroholdings shares to trade on NASDAQ by March 17
- Newbuild payments: $12M in Q3 2026, balance in 2027
- Buyback priority: Shares represent best investment opportunity

Actual												0.1383	0.2033	0.0081	0.0569	0.431	0.9027	0.9515	2.5536	3.3588	3.4482	2.8464	2.3341	3.3344	3.375	3.7817	2.8952	2.3341	4.7495	3.2124	2.8383	5.29	4.29	4.25	5.79
Forecast												-0.2968	-0.0935	-0.1098	0.0285	0.3375	0.7279	1.1426	2.6268	2.9277	3.0904	2.7434	2.1633	2.2243	2.3015	2.7136	2.8112	2.3219	2.5347	2.8898	2.6919	3.87	3.61	4.18	5.5733
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+146.60%	+317.43%	+107.38%	+99.65%	+27.70%	+24.01%	-16.73%	-2.79%	+14.72%	+11.58%	+3.75%	+7.90%	+49.91%	+46.64%	+39.36%	+2.99%	+0.53%	+87.38%	+11.16%	+5.44%	+36.69%	+18.84%	+1.67%	+3.89%

ESEA

ESEA fundamentals

ESEA Q4 2025 Earnings

Earnings Call

You can ask Aime

ESEA

ESEA fundamentals

ESEA Q4 2025 Earnings

Earnings Call

ESEA Earnings Call Summary for Q4/202510:00 AM on Feb 25, 2026

ESEA Earnings Call Summary for Q3/202510:00 AM on Nov 18, 2025

ESEA Earnings Call Summary for Q2/20259:00 AM on Aug 13, 2025

ESEA Earnings Call Summary for Q1/20259:30 AM on Jun 18, 2025

ESEA Earnings Call Summary for Q4/20248:00 AM on Feb 27, 2025

You can ask Aime