The earnings call highlighted some positive aspects, such as the share repurchase program and fleet expansion plans. However, these were overshadowed by significant challenges, including a notable net loss and revenue decline, as well as ongoing market and geopolitical headwinds. The sentiment is cautious due to these unfavorable financial results and market conditions.
Company Guidance -
Q3 2025
During the EuroDry Limited conference call for the second quarter of 2025, the company reported total net revenues of $11.3 million, with a net loss attributable to controlling shareholders of $3.1 million, or a $0.12 loss per basic and diluted share. The adjusted net loss was $3 million, or $1.1 loss per share, while the adjusted EBITDA was $1.9 million. EuroDry has repurchased 334,000 shares for $5.3 million under their $10 million share repurchase plan, which has been extended for another year. The company's fleet consists of 12 vessels with an average age of 13.6 years and a carrying capacity of 843,000 deadweight tons, with two additional Ultramax vessels under construction. The dry bulk market remains soft, with the Baltic Dry Index and Baltic Panamax Index declining by 21% and 28% year-over-year, respectively. The IMF projects global GDP growth at 3% for 2025. EuroDry's cash flow breakeven level is projected at $11,850 per vessel per day, and the company is considering refinancing options to manage liquidity.
Share Repurchase Program
EuroDry has repurchased 334,000 shares for a total of $5.3 million and extended the share repurchase program for an additional year.
Environmental, Social, and Governance Report
The 2024 ESG report will be available, reflecting EuroDry's ongoing commitment to sustainable and responsible operations.
Fleet Expansion
Two Ultramax vessels under construction, each with a capacity of 63,500 deadweight tons, are scheduled for delivery in the second and third quarters of 2027.
Improved Charter Rates
Panamax spot rates increased by 15% during the second quarter, ending at $13,750 per day as of August 1.
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
Aug 11, 2025
$10.10
$10.67
+5.64%
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%
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 Nov 05, 2025, After Close (Confirmed).
What is EuroDry Ltd (EDRY) earnings time?
EuroDry Ltd (EDRY) earnings time is at Nov 05, 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.