2020 Bulkers Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 07, 2024 at 02:00 am EST
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2020 Bulkers Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 25.8 million compared to USD 18.2 million a year ago. Revenue was USD 26.3 million compared to USD 18.5 million a year ago. Net income was USD 14.8 million compared to USD 6.7 million a year ago. Basic earnings per share from continuing operations was USD 0.65 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.65 compared to USD 0.3 a year ago.
For the full year, sales was USD 69.7 million compared to USD 76.1 million a year ago. Revenue was USD 73 million compared to USD 77.3 million a year ago. Net income was USD 25.6 million compared to USD 31.9 million a year ago. Basic earnings per share from continuing operations was USD 1.13 compared to USD 1.44 a year ago. Diluted earnings per share from continuing operations was USD 1.13 compared to USD 1.42 a year ago.
2020 Bulkers Ltd. is a Bermuda-based owner and operator of large dry bulk vessels. The Company operates a fleet of approximately eight scrubbers fitted with approximately 208,000 deadweight tonnage (DWT) Newcastlemax dry bulk carriers. The Companyâs fleets include Bulk Sandefjord, Bulk Santiago, Bulk Seoul, Bulk Shanghai, Bulk Shenzhen, Bulk Sydney, Bulk Sao Paulo, and Bulk Santos.
2020 BULKERS LTD. 
