Seanergy Maritime reports strong Q3 performance, growth strategy By Investing.com
In a recent earnings call, Seanergy Maritime (NASDAQ:) Holdings Corp. (NASDAQ: SHIP) announced a robust financial performance for the third quarter of 2024, showcasing a significant improvement with a net income of $12.5 million and adjusted EBITDA of $26.8 million.
This marks a notable turnaround from the net loss of $5 million in the same quarter of the previous year. The company also highlighted its strategic growth initiatives, including fleet acquisitions and a focus on maximizing shareholder returns through dividends and share buybacks.
Key Takeaways
- Seanergy Maritime posted a Q3 net income of $12.5 million and adjusted EBITDA of $26.8 million.
- The company declared a $0.26 per share dividend and engaged in $1 million of…
