Last $23.16 USD
Change Today +0.10 / 0.43%
Volume 91.3K
SSW On Other Exchanges
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As of 4:15 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

seaspan corp (SSW) Key Developments

Seaspan Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Seaspan Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net earnings were $20,004,000 or $0.07 per diluted share on revenue of $173,873,000 against net earnings was $127,154,000 or $1.35 per diluted share on revenue of $167,786,000 a year ago. Operating earnings were $79,593,000 compared to $74,672,000 a year ago. Cash from operating activities was $82,730,000 compared to $80,001,000 a year ago. Expenditures for vessels were $23,667,000 compared to $33,065,000 a year ago. Normalized net earnings were $32,088,000, normalized net earnings attributable to common shareholders were $18,367,000 against normalized net earnings were $25,502,000, normalized net earnings attributable to common shareholders were $5,903,000 a year ago. Adjusted EBITDA was $130,889,000 compared to $125,585,000 a year ago. For the six months, the company reported net earnings were $38,032,000 or $0.10 per diluted share on revenue of $341,856,000 against net earnings was $182,760,000 or $1.88 per diluted share on revenue of $332,710,000 a year ago. Operating earnings were $153,446,000 compared to $150,420,000 a year ago. Cash from operating activities was $157,843,000 compared to $135,844,000 a year ago. Expenditures for vessels were $103,248,000 compared to $92,294,000 a year ago. Normalized net earnings were $60,880,000, normalized net earnings attributable to common shareholders were $31,522,000 against normalized net earnings were $53,852,000, normalized net earnings attributable to common shareholders were $15,040,000 a year ago. Adjusted EBITDA was $254,704,000 compared to $249,620,000 a year ago.

Seaspan Corporation to Report Q2, 2014 Results on Jul 28, 2014

Seaspan Corporation announced that they will report Q2, 2014 results at 5:00 PM, Fiji Standard Time on Jul 28, 2014

Seaspan Corporation, Q2 2014 Earnings Call, Jul 29, 2014

Seaspan Corporation, Q2 2014 Earnings Call, Jul 29, 2014

Seaspan Corporation(NYSE:SSW.PRD) added to S&P Preferred Stock Index

Seaspan Corporation(NYSE:SSW.PRD) added to S&P Preferred Stock Index

Seaspan Accepts Delivery of Fourth 10,000 TEU SAVER Containership

Seaspan Corporation announced that it accepted delivery of a 10,000 TEU containership, the MOL Bravo. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co. Ltd. using Seaspan's fuel-efficient SAVER design, is Seaspan's fourth of five 10,000 TEU SAVER design containerships scheduled for delivery in 2014. The MOL Bravo will commence an eight-year, fixed-rate time charter with Mitsui O.S.K. Lines Ltd. The ship is the first of a total of five 10,000 TEU SAVER design vessels, and the seventh of a total of eleven vessels, to be chartered by Seaspan to MOL. The delivery of the MOL Bravo expands the Company's operating fleet to 75 vessels.

 

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SSW

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Valuation SSW Industry Range
Price/Earnings 24.7x
Price/Sales 3.2x
Price/Book 1.3x
Price/Cash Flow 6.5x
TEV/Sales NM Not Meaningful
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