INSW Q1 2024 Earnings — International Seaways, Inc. Revenue & Financial Results | Market Cap Arena

INSWInternational Seaways, Inc.

$4B

Q1 2024 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$274M-4.4% YoY

Gross Profit

$167M60.8% margin

Operating Income

$154M56.3% margin

Net Income

$144M52.7% margin

EPS (Diluted)

$2.93

QoQ Revenue Growth

+9.4%

Cash Flow

Operating Cash Flow

$156M

Free Cash Flow

$129M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$757M

Stockholders' Equity

$1.8B

Cash & Equivalents

$140M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$274M	$287M	-4.4%
Gross Profit	$167M	$186M	-10.4%
Operating Income	$154M	$185M	-16.7%
Net Income	$144M	$173M	-16.3%

Revenue Segments

Pool Revenue Leases

$226M82%

Time and Bareboat Charter Leases

$31M11%

Voyage Charter Leases

$17M6%