Navios Maritime Partners (NMM) Tops Q1 EPS by 4c, Beat on Revenues

Navios Maritime Partners (NYSE: NMM) reported Q1 EPS of $0.01, $0.04 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $42.4 million versus the consensus estimate of $41.54 million.

• Revenue: $42.4 million in Q1
• Adjusted EBITDA: $25.9 million in Q1
• No debt maturities until August 2020
• Acquired five drybulk vessels – three Capesize and two Panamax vessels – for $113.9 million
• Formed Navios Maritime Containers Inc.: 40% initial equity stake + 6.8% equity opportunity through warrants. Initial target: 14-vessel fleet of Rickmers Maritime Trust Pte.

For earnings history and earnings-related data on Navios Maritime Partners (NMM) click here.

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