- Global Ship Lease Inc (NYSE:GSL) reported Q1 2023 operating revenue growth of 3.7% Y/Y to $159.3 million, beating the consensus of $151.0 million.
- Normalized EPS rose 14.6% Y/Y to $2.12, beating the consensus of $2.03.
- Operating income increased to $85.1 million from $83.7 million a year ago.
- Adjusted EBITDA improved by 16.0% Y/Y to $104.9 million on the decline in amortization of intangible liabilities.
- Vessel operating expenses increased by 8.6% Y/Y to $42.8 million, with an 8.5% Y/Y increase in average cost per ownership day to $7,319.
- Utilization for the quarter was 94.8% compared to 94.7% in the same period of the prior year.
- Time charter and voyage expenses were $5.5 million, compared to $4.4 million in the prior-year quarter.
- As of May 9, 2023, the company had 64 containerships in its fleet.
- Global Ship Lease generated cash from operating activities of $93.0 million in the quarter.
- The company declared a Q1 dividend of $0.375 per Class A common share payable on June 2, 2023, to shareholders of record as on May 24, 2023.
- Price Action: GSL shares are trading lower by 0.11% at $18.06 on the last check Wednesday.
John Oliver Joins Inverse Jim Cramer Craze, Says You’d Live ’50 Years’ After Cramer Predicts You’d Die ‘Tomorrow’
Talk show host John Oliver has shared commentary on Jim Cramer previously and held nothing back when discussing the CNBC host's past comments about cryptocurrency and FTX co-founder Sam Bankman-Fried.
