Safe Bulkers Full Year 2024 Earnings: EPS: US$0.83 (vs US$0.61 in FY 2023)

Safe Bulkers (NYSE:SB) Full Year 2024 Results

Key Financial Results

• Revenue: US$307.6m (up 8.2% from FY 2023).
• Net income: US$89.4m (up 29% from FY 2023).
• Profit margin: 29% (up from 24% in FY 2023).
• EPS: US$0.83 (up from US$0.61 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Safe Bulkers Earnings Insights

In the last 12 months, the only revenue segment was Transportation - Shipping contributing US$307.6m. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$58.1m (53% of total expenses). Explore how SB's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to fall by 3.1% p.a. on average during the next 2 years compared to a 2.6% decline forecast for the Shipping industry in the US.

Performance of the American Shipping industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Safe Bulkers.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.