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Dec 31, 2024
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Golden Ocean Q4 2024 Earnings Report
Golden Ocean reported solid performance despite market fluctuations for Q4 2024.
Key Takeaways
Golden Ocean Group reported Q4 2024 revenue of $210.97 million and net income of $39.0 million. Adjusted net income was $12.7 million, and adjusted EBITDA was $69.9 million. Earnings per share for the quarter were $0.20, while adjusted EPS was $0.06. The company also announced a cash dividend of $0.15 per share.
Reported Q4 2024 revenue of $210.97 million.
Net income for the quarter was $39.0 million.
Adjusted net income was $12.7 million.
Cash dividend of $0.15 per share announced.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Golden Ocean expects continued demand growth driven by structural tailwinds in key commodities and fleet expansion.
Positive Outlook
- Continued growth in global dry bulk demand.
- Strong demand for iron ore and bauxite.
- Focus on fleet modernization and fuel efficiency.
- Resilience to market cycles with disciplined cost structure.
- Favorable Capesize vessel market dynamics.
Challenges Ahead
- Potential market weakness due to macroeconomic factors.
- Continued market volatility.
- Fluctuations in dry bulk freight rates.
- Pressure from rising operational costs.
- Ongoing geopolitical uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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