Eagle Bulk Shipping Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 185.31 million compared to USD 183.39 million a year ago. Net income was USD 77.22 million compared to USD 78.34 million a year ago. Basic earnings per share from continuing operations was USD 5.94 compared to USD 6.12 a year ago. Diluted earnings per share from continuing operations was USD 4.77 compared to USD 4.92 a year ago.
For the nine months, sales was USD 568.41 million compared to USD 409.82 million a year ago. Net income was USD 224.74 million compared to USD 97.42 million a year ago. Basic earnings per share from continuing operations was USD 17.31 compared to USD 7.96 a year ago. Diluted earnings per share from continuing operations was USD 13.86 compared to USD 6.34 a year ago.