Costamare Bulkers Holdings Limited (CMDB)

NYSE:CMDB

CMDB

Costamare Bulkers Holdings Limited

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Costamare Bulkers Holdings Limited (CMDB) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 07, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

―

Last Year’s EPS

-1.2

Same Quarter Last Year

Analyst Consensus

―

Based on 0 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 13, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a predominately positive operational and financial picture: profitable Q1 results, a net cash position, successful de-risking of legacy trades, accretive vessel transactions, and strengthening charter rates. Offsetting risks include elevated market volatility, geopolitical disruptions (notably a ~50% reduction in Persian Gulf exports), and a remaining single vessel to be novated before the trading book is fully cleared by year-end. On balance, the positive items around balance sheet repair, fleet renewal, and market tailwinds outweigh the manageable residual risks.

Company Guidance

Management's guidance emphasized substantial de‑risking and a clear path to full exit from legacy trading positions by year‑end (only one vessel remains to be novated), leaving the company net cash positive with total cash of about $270 million versus debt of circa $140 million (cash exceeded debt by roughly $127 million) and positioned to grow counter‑cyclically; Q1 results were net income $9.9 million ($0.41/share) and adjusted net income $12.4 million ($0.51/share), including capital gains of approximately $7 million from the sale of a 2011 Capesize. They reiterated fleet renewal and chartering guidance — acquisition of a 2018 Ultramax, delivery of a Kamsarmax chartered in for a minimum 5 years (already re‑chartered out for ~11 months/1 year at profitable levels), an operating platform focused on Kamsarmax with 20 third‑party vessels, most owned ships on index‑linked period charters with conversion options, and a newbuilding order book at 13.5% — while noting Q1 charter rates strengthened with further upside since April.

Adjusted and GAAP Net Income

Adjusted net income of $12.4 million ($0.51 per share) and net income of $9.9 million ($0.41 per share) for Q1 2026, indicating profitable operations during the quarter.

Strong Liquidity / Net Cash Position

Total cash of about $270 million versus debt of circa $140 million, leaving the company net cash positive with total cash exceeding debt by approximately $127 million, supporting countercyclical growth opportunities.

Substantial De-risking of Trading Book

Majority of the legacy trading portfolio has been transferred to Cargill with only one vessel remaining to be novated; company expects no remaining legacy positions by year-end, materially derisking the balance sheet.

Fleet Renewal and Accretive Vessel Transactions

Completed sale of a 2011-built Capesize (realized capital gains of ~ $7 million) and acquired a 2018-built Ultramax; accepted delivery of a newbuilding Kamsarmax (chartered in for a minimum 5-year period and chartered out at profitable rates for at least 11 months), with another Kamsarmax newbuilding expected under a long-term charter agreement.

Portfolio and Employment Strategy

Operating platform focused on the Kamsarmax segment and consists of 20 third‑party-owned dry bulk vessels; most owned vessels are employed on index-linked period charter agreements with the option to convert to fixed rates, providing income stability and upside optionality.

Market Tailwinds Across Key Segments

Capesize earnings supported by strong iron ore and bauxite volumes and limited fleet growth; Panamax supported by a record soybean harvest in Brazil and the U.S.-China agreement driving long-haul soybean shipments; Supramax showed a solid start as increased grain and minor bulk flows aided demand.

Charter Rates Strengthening and Orderbook

Charter rates strengthened during Q1 2026 with further upside momentum since April. The new vessel order book stands at 13.5%, indicating limited near-term vessel supply growth.

Costamare Bulkers Holdings Limited (CMDB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CMDB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 07, 2026	2026 (Q2)	- / -	-1.195	―	―	―
May 13, 2026	2026 (Q1)	- / 0.48	―	―
Feb 20, 2026	2025 (Q4)	- / -0.88	―	―
Nov 14, 2025	2025 (Q3)	- / 0.30	0	―
Aug 08, 2025	2025 (Q2)	- / -1.20	0	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CMDB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 13, 2026	$18.69	$18.90	+1.12%
Feb 20, 2026	$19.86	$18.62	-6.24%
Nov 14, 2025	$13.72	$13.81	+0.66%
Aug 08, 2025	$9.75	$9.22	-5.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Costamare Bulkers Holdings Limited (CMDB) report earnings?

Costamare Bulkers Holdings Limited (CMDB) is schdueled to report earning on Aug 07, 2026, Before Open (Confirmed).

What is Costamare Bulkers Holdings Limited (CMDB) earnings time?

Costamare Bulkers Holdings Limited (CMDB) earnings time is at Aug 07, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

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What is CMDB EPS forecast?

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