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STEALTHGAS INC Q4 Income Rises

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

STEALTHGAS INC (GASS) released a profit for its fourth quarter that increased from last year

The company's bottom line totaled $14.198 million, or $0.38 per share. This compares with $8.889 million, or $0.25 per share, last year.

Excluding items, STEALTHGAS INC reported adjusted earnings of $16.404 million or $0.44 per share for the period.

The company's revenue for the period rose 27.3% to $43.467 million from $34.139 million last year.

STEALTHGAS INC earnings at a glance (GAAP) :

-Earnings: $14.198 Mln. vs. $8.889 Mln. last year.
-EPS: $0.38 vs. $0.25 last year.
-Revenue: $43.467 Mln vs. $34.139 Mln last year.

The Board has authorized a $5 million increase to the existing $25 million share repurchase program for a total aggregate amount of $30 million.

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