Diana Shipping Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 60.02 million compared to USD 75.71 million a year ago. Net income was USD 9.38 million compared to USD 25.68 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.27 a year ago.
For the full year, sales was USD 262.1 million compared to USD 289.97 million a year ago. Net income was USD 49.84 million compared to USD 119.06 million a year ago. Basic earnings per share from continuing operations was USD 0.44 compared to USD 1.42 a year ago. Diluted earnings per share from continuing operations was USD 0.42 compared to USD 1.36 a year ago.