Ardmore Shipping Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 08:05 am EST
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Ardmore Shipping Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 86.94 million compared to USD 142.42 million a year ago. Net income was USD 21.2 million compared to USD 61.83 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 1.57 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 1.52 a year ago.
For the nine months, sales was USD 297.1 million compared to USD 312.91 million a year ago. Net income was USD 89.8 million compared to USD 84.52 million a year ago. Basic earnings per share from continuing operations was USD 2.12 compared to USD 2.27 a year ago. Diluted earnings per share from continuing operations was USD 2.09 compared to USD 2.22 a year ago.
Ardmore Shipping Corporation is engaged in the ownership and operation of product and chemical tankers in worldwide trade. The Company operates through one segment, which is transportation of refined petroleum products and chemicals. The Company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. It provides shipping services to customers through voyage charters, time charters, and commercial pools. It has the global network to support its seafarers and deliver shipping services to its customers. Its vessels include Ardmore Seafarer, Ardmore Exporter, Ardmore Explorer, Ardmore Enterprise, Ardmore Engineer, Ardmore Endurance, Ardmore Endeavour, Ardmore Encounter, Ardmore Seahawk, Ardmore Seavanguard, Ardmore Seavantage, Ardmore Seaventure, Ardmore Chippewa, and Ardmore Seavaliant, among others.
ARDMORE SHIPPING CORPORATION 
