Icon Energy Corp. Reports 9-Month Revenue Of $3.6 Million; EPS $0.06 Vs $3.76 YoY

Benzinga
11 Nov 2024

Icon Energy Corp. ("Icon" or the "Company") (NASDAQ:ICON), an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels, announces its financial results for the nine-month period ended September 30, 2024, (the "Reporting Period") and declares cash dividend of $0.085 per common share.

Financial Highlights for the Reporting Period

  • Revenue, net of $3.6 million, up $0.4 million from the first nine months of 2023
  • Operating profit of $0.6 million, compared to $0.7 million during the nine-month period ended September 30, 2023
  • Net income of $0.6 million, compared to $0.8 million during the nine-month period ended September 30, 2023
  • EBITDA(1) of $1.5 million, equal to the same period last year

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