EuroDry Ltd

Eurodry Ltd. is a provider of worldwide ocean-going transportation services. It owns and operates drybulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks , which includes bauxite, phosphate, and fertilizers. The company was founded on January 8, 2018 and is headquartered in Athens, Greece.

Earnings data Q1 2021

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

EuroDry reports Q1 loss, eyes growth amid favorable market

EuroDry Ltd's Q1 2024 performance reflected solid revenues but with a net loss, showing areas for improvement.
The company's fleet strength and market positioning provide a foundation for navigating industry challenges and capitalizing on opportunities.
Challenges in financial performance and market dynamics require strategic actions to drive sustainable growth.
Opportunities lie in leveraging market conditions, global economic growth, and efficient operations for long-term success.

EuroDry Ltd reports Q3 losses, eyes growth amidst market challenges

EuroDry Ltd's Q3 2024 performance reflects revenue generation challenges despite operational adjustments and debt refinancing actions.
The company faces market challenges from declining vessel rates and global dry bulk market weakness, particularly influenced by slow growth in China.
Opportunities lie in fleet stability, potential growth through new contracts, and strategic initiatives like the joint venture with NRP Project Finance.

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Eurodry Ltd. engages in the provision of worldwide ocean-going transportation services. It owns and operates drybulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, which includes bauxite, phosphate, and fertilizers. The company was founded on January 8, 2018 and is headquartered in Athens, Greece.

Small, Greece-based dry bulk shipper is trading at an eye-catching discount to net asset value ("NAV"). Market environment has weakened in recent month due to a lack of Chinese demand, recession fears and rapidly easing port congestion.

EuroDry: Grab Some Shares From The Bargain Bin With Major Catalyst Ahead

ATHENS, Greece, Sept. 19, 2022 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it has signed an agreement to sell M/V Pantelis, a 74,020 dwt drybulk vessel, built in 2000, for approximately $9.7 million. The vessel is expected to be delivered to its new owners, an unaffiliated third party, by mid-October 2022.

EuroDry Ltd. Announces Agreement to Sell M/V “Pantelis”, a 2000-built Panamax Bulk Carrier

EuroDry, Ltd. (NASDAQ:EDRY ) Q2 2022 Earnings Conference Call August 9, 2022 10:00 AM ET Company Participants Aristides Pittas - Chairman & CEO Tasos Aslidis - CFO Conference Call Participants Tate Sullivan - Maxim Group Poe Fratt - Alliance Global Partners Operator Thank you for standing by, ladies and gentlemen, and welcome to the EuroDry Conference Call on the Second Quarter 2022 Financial Results.

EuroDry (EDRY) CEO Aristides Pittas on Q2 2022 Results - Earnings Call Transcript

EuroDry (EDRY) delivered earnings and revenue surprises of -6.11% and 0.98%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

EuroDry (EDRY) Q2 Earnings Miss Estimates

ATHENS, Greece, Aug. 08, 2022 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today its results for the three and six month periods ended June 30, 2022.

EuroDry Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2022 and Announces Share Repurchase Program

EuroDry's increased profitability is leading to growth in the value of common equity. With shares plummeting lately, EuroDry is currently trading at a steep discount to its net asset value.

EuroDry: Is The 70% Discount To NAV Justified?

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EuroDry Ltd. (NASDAQ:EDRY ) Q1 2022 Earnings Conference Call May 18, 2022 10:30 AM ET Company Participants Aristides Pittas - Chairman and CEO Tasos Aslidis - CFO Conference Call Participants Tate Sullivan - Maxim Group Poe Fratt - Alliance Global Partners Operator Thank you for standing by, ladies and gentlemen, and welcome to the EuroDry Conference Call on the First Quarter 2021 Financial Results.

EuroDry Ltd. (EDRY) CEO Aristides Pittas on Q1 2022 Results - Earnings Call Transcript

ATHENS, Greece, May 18, 2022 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today its results for the three-month period ended March 31, 2022.

EuroDry Ltd. Reports Results for the Quarter Ended March 31, 2022

ATHENS, Greece, May 16, 2022 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it will release its financial results for the first quarter ended March 31, 2022 on Wednesday, May 18, 2022 before market opens in New York.

EuroDry Ltd. Sets Date for the Release of First Quarter 2022 Results, Conference Call and Webcast

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EuroDry (EDRY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

EuroDry (EDRY) Moves 5.5% Higher: Will This Strength Last?

ATHENS, Greece, April 19, 2022 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it has agreed to acquire M/V Santa Cruz, a 76,440 dwt drybulk vessel built in 2005, for $15.75 million. The vessel was controlled by an un-affiliated third party and has been managed by Eurobulk Ltd., also the manager of the majority of the Company's vessels. The vessel is expected to be delivered to the Company around the end of April 2022. The Company will also assume the existing charter of the vessel at $14,800 per day until July 2022. The acquisition will be financed with own funds.

EuroDry Ltd. Announces Agreement to Acquire M/V Santa Cruz, a 2005-built Panamax Bulker

EuroDry (EDRY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

EuroDry (EDRY) Moves 13.6% Higher: Will This Strength Last?

ATHENS, Greece, March 24, 2022 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that Dr. Tasos Aslidis, Chief Financial Officer of the Company has been invited to present at the Virtual Growth Conference, presented by Maxim Group LLC and hosted by M-Vest LLC. The conference will take place during March 28 - 30, 2022 from 9:00 am 5:00 pm EDT featuring roundtable discussions with C-suite executives moderated by Maxim Research Analysts, fireside chats with live Q&A, and presentations from hundreds of issuers both domestically and internationally.

EuroDry Ltd. to Participate in Maxim Group LLC and M-Vest LLC 2022 Virtual Growth Conference

Small, Greece-based dry bulk shipper is trading at a substantial discount to net asset value. Discount likely due to the ongoing lack of dividends and share buybacks as management remains focused on renewing and growing the company's fleet. Outlook for the dry bulk shipping industry remains positive due to limited fleet growth and expectations for a recovery in Chinese demand.

EuroDry: Good Value, Decent Prospects But No Dividends

ATHENS, Greece, March 03, 2022 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today a new charter for its drybulk vessel M/V “Molyvos Luck”.

EuroDry Ltd. Announces New Charter for Its M/V “Molyvos Luck”

EuroDry Ltd. (EDRY) CEO Aristides Pittas on Q4 2021 Results - Earnings Call Transcript

ATHENS, Greece, Feb. 09, 2022 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today its results for the three- and twelve-month periods ended December 31, 2021.

EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2021

ATHENS, Greece, Feb. 04, 2022 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it will release its financial results for the fourth quarter ended December 31, 2021 on Wednesday, February 9, 2022 after market closes in New York.

EuroDry Ltd. Sets Date for the Release of Fourth Quarter 2021 Results, Conference Call and Webcast

EuroDry Ltd (NASDAQ: EDRY) has agreed to acquire M/V Molyvos Luck, a drybulk vessel built-in 2014, for $21.2 million. The vessel was majority-owned by an unaffiliated third party and managed by Eurobulk Ltd.

EuroDry To Acquire M/V Molyvos Luck Vessel For $21.2M

ATHENS, Greece, Jan. 19, 2022 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it has agreed to acquire M/V Molyvos Luck, a 57,924 dwt drybulk vessel built in 2014, for $21.2 million. The vessel was majority owned by an un-affiliated third party and has been managed by Eurobulk Ltd., also the manager of the majority of the Company's vessels. The vessel is expected to be delivered to the Company around the end of January 2022. The Company will also assume the existing charter of the vessel at $13,250/day until April 2022. The acquisition will be initially financed by the Company's own funds; a bank loan will be arranged to partly finance the acquisition after the purchase is completed.

EuroDry Ltd. Announces Agreement to Acquire M/V Molyvos Luck, a 2014-built Supramax Bulker

EuroDry is making money hand-over-fist and is expected to do so for several years. Currency swaps/derivatives and the recent decline in dry bulk spot rates weigh on the company.

EuroDry: Undervalued And Well Positioned For 2022 Dividend Initiation

ATHENS, Greece, Dec. 13, 2021 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it provided a notice of redemption to its Series B Preferred Shares (“Preferred Shares”) holders for entire of the outstanding amount at par as per the provisions of the Statement of Designation of the Preferred Shares. The Preferred Shares carried a dividend of 8% per annum until January 2023 increasing to 14% per annum thereafter. The Company will use own funds for the redemption which will take place on or about December 20, 2021.

News for EuroDry Ltd Stock (EDRY)