The earnings call highlighted some strategic moves like the share repurchase program and fleet expansion plans. However, these were overshadowed by significant challenges, including a substantial drop in revenue, increased net losses, and ongoing weakness in freight markets. The broader economic outlook also remains concerning, with downward revisions in global growth forecasts and a weaker demand outlook for the dry bulk sector.
Company Guidance -
Q1 2025
During the EuroDry Limited conference call for the first quarter of 2025, the company reported total net revenues of $9.2 million, with a net loss attributable to controlling shareholders of $3.7 million, translating to a $1.35 loss per basic and diluted share. The adjusted net loss for the quarter was $5.7 million or $2.07 per share, while adjusted EBITDA stood at a negative $1 million. The company has repurchased 334,000 shares totaling $5.3 million under its share repurchase program. EuroDry's fleet consists of 12 vessels with a carrying capacity of approximately 843,000 deadweight tons, and they have plans to expand this with two new Ultramax vessels in 2027. The current market environment shows a decline in spot and 1-year time charter rates for Panamax vessels, with broader market weakness noted in the Baltic indices and a challenging global economic outlook, including downward revisions in GDP growth forecasts by the IMF. EuroDry remains cautious about the dry bulk sector's outlook due to macroeconomic uncertainties, trade tensions, and geopolitical risks.
Share Repurchase Program
Since initiating the 10 million share repurchase program in August 2022, EuroDry has repurchased 334,000 shares totaling $5.3 million, reflecting confidence in the company's long-term value.
Fleet Expansion Plans
EuroDry's current fleet consists of 12 vessels, and with the addition of 2 Ultramax vessels under construction, the fleet will grow to 14 vessels by 2027.
Sale of Motor Vessel Tasos
The company recorded a net book profit of $2.1 million from the sale of the motor vessel Tasos.
EuroDry (EDRY) 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
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
EDRY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jun 05, 2025
$8.76
$8.28
-5.48%
Feb 24, 2025
$10.50
$10.63
+1.24%
Nov 19, 2024
$15.10
$14.96
-0.93%
Aug 08, 2024
$21.38
$21.14
-1.12%
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 EuroDry Ltd (EDRY) report earnings?
EuroDry Ltd (EDRY) is schdueled to report earning on Aug 07, 2025, After Close (Confirmed).
What is EuroDry Ltd (EDRY) earnings time?
EuroDry Ltd (EDRY) earnings time is at Aug 07, 2025, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.