Navios Maritime Partners Registers ~85% Top-Line Growth In Q2; Plans Massive Stock Buyback
Navios Maritime Partners L.P. (NYSE: NMM ) reported second-quarter revenue growth of 84.7% year-over-year to $280.66 million , missing the consensus of $289.02 million. Adjusted EPS was $3.83, missing the consensus of $3.87. The company attributed higher revenue to the increase in the size of its fleet and Time Charter Equivalent (TCE) rate. Adjusted EBITDA increased to $163.48 million ( 81% Y|Y), and margin contracted by 124 bps to 58.3%. The TCE rate increased by 17.4% … Full story available on Benzinga.com
Navios Maritime Partners Registers ~85% Top-Line Growth In Q2; Plans Massive Stock Buyback
Navios Maritime Partners L.P. (NYSE: NMM ) reported second-quarter revenue growth of 84.7% year-over-year to $280.66 million , missing the consensus of $289.02 million. Adjusted EPS was $3.83, missing the consensus of $3.87. The company attributed higher revenue to the increase in the size of its fleet and Time Charter Equivalent (TCE) rate. Adjusted EBITDA increased to $163.48 million ( 81% Y|Y), and margin contracted by 124 bps to 58.3%. The TCE rate increased by 17.4% … Full story available on Benzinga.com