- 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.
Has Tesla Re-prioritized Its EV Goal? A Change In Current Report Says So
Tesla Inc. (NASDAQ: TSLA) has shifted focus from selling 20 million vehicles annually to emphasizing autonomy. The 2023 impact report highlights Tesla's goal to displace fossil fuels without the numerical target. In 2023, Tesla sold 1.8 million vehicles, with a slower growth rate expected this year. CEO Elon Musk aims to unveil a fully driverless car by August 8, 2024, marking a pivotal shift in Tesla's strategy.
