Global Ship Lease (GSL) Reports Q2 EPS of $0.14 on Revenues of $40.3M

Global Ship Lease (NYSE: GSL) reported Q2 EPS of $0.14. Revenue for the quarter came in at $40.3 million, versus $0 reported last year.

Second Quarter and Year To Date Highlights

• Reported operating revenues of $40.3 million for the second quarter 2017. Revenue for the six months ended June 30, 2017 was $79.9 million
• Reported net income available to common shareholders of $6.8 million for the second quarter 2017. For the six months ended June 30, 2017, net income was $13.6 million
• Generated $28.1 million of Adjusted EBITDA(1) for the second quarter 2017. Adjusted EBITDA for the six months ended June 30, 2017 was $56.1 million
• Normalized net income(1) was $7.3 million for second quarter 2017. Normalized net income was $14.1 million for the six months ended June 30, 2017
• Purchased and cancelled on April 21, 2017, $19.5 million principal amount 10.0% First Priority Secured Notes due 2019. Net debt to last 12 months Adjusted EBITDA was 3.1 times at June 30, 2017, down from 3.3 times at December 31, 2016

For earnings history and earnings-related data on Global Ship Lease (GSL) click here.

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