NASDAQ$ESEA

Euroseas Ltd · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Euroseas reported strong results with increased revenue and net income driven by fleet expansion and high vessel utilization.

Euroseas delivered robust financial performance in Q1 2025, with significant year-over-year growth in revenue and net income. The company benefited from a larger fleet and effective cost management. Key developments included a vessel sale, fleet modernization, and continued dividend payouts.

  • Revenue rose to $56.3M, a 20.6% increase over Q1 2024, driven by a larger fleet.
  • Net income increased to $36.9M, with strong EPS and adjusted EBITDA performance.
  • Euroseas spun off older vessels and signed a $50M vessel sale deal expected to close in October.
  • Declared $0.65 per share dividend and continued share repurchase program with $10.5M spent to date.

Headline financials

Total Revenue

$56.3M

No prior period
EPS (adj)

$3.76

No prior period
Net Income

$36.9M

No prior period
Operating Income

$40.5M

No prior period

Revenue & EPS history

Euroseas · Revenue · Quarterly

$56.3M

Q1 2025
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Euroseas remains cautiously optimistic due to fleet efficiency and charter visibility but acknowledges potential headwinds from market oversupply and geopolitical risks.

Tailwinds

  • Nearly full charter coverage for 2025 and over 65% for 2026
  • Strong demand in the smaller feeder segment
  • Successful vessel sale reflecting robust S&P market
  • Fleet modernization through spin-off and retrofits
  • Sustained dividend and buyback strategy reflecting strong liquidity

Headwinds

  • High global containership orderbook
  • Potential re-opening of Suez Canal affecting supply-demand balance
  • Geopolitical tensions between Iran and Israel increasing uncertainty
  • Proposed U.S. tariffs introducing trade unpredictability
  • Risk of cascading from larger to smaller vessels affecting feeder markets

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-2.7%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+0.4%

Avg return

30 days after

37%

19 / 52 earnings

Positive

+16.7%

Q3 2016

Best reaction

-30.5%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.1%-8.0%-3.9%
Q1 2025+1.6%+2.7%+9.7%
Q4 2024-1.2%-2.1%+11.1%
Q3 2024-7.2%-4.2%-19.5%
Q4 2023-3.0%+14.3%+2.4%
Q3 2023-3.6%+11.6%+12.7%
Q2 2023+7.6%+14.6%+23.6%
Q1 2023+6.8%+9.7%+14.4%
Q4 2022-7.4%-7.5%-10.9%
Q3 2022-3.3%-3.5%-10.4%
Q2 2022+0.8%-9.8%-10.2%
Q1 2022+13.1%+22.8%-11.2%
Q4 2021-9.4%-6.2%-5.9%
Q3 2021-22.0%-20.6%-34.6%
Q2 2021+1.1%+3.4%+45.2%
Q1 2021-12.8%-6.1%+54.8%
Q4 2020-15.5%-15.5%+26.5%
Q3 2020-7.3%-5.3%+35.7%
Q2 2020-5.3%-8.5%-22.7%
Q1 2020+13.2%+6.2%+7.0%
Q4 2019-1.5%-10.3%-36.0%
Q3 2019-2.9%+0.0%-0.5%
Q2 2019-3.5%-10.5%+10.5%
Q1 2019-6.4%-11.8%-13.2%
Q4 2018-10.9%-11.4%-2.9%
Q3 2018-30.5%-36.2%-57.1%
Q2 2018-0.4%-2.5%-4.4%
Q1 2018-9.2%-6.6%-29.3%
Q4 2017+6.2%+0.0%+8.8%
Q3 2017-19.4%-14.3%-14.3%
Q2 2017+2.3%+3.1%+25.0%
Q1 2017+4.0%+9.5%+1.6%
Q4 2016-6.8%-9.0%-14.1%
Q3 2016+16.7%+260.3%+38.0%
Q2 2016-14.0%-24.0%-2.7%
Q1 2016-10.5%-15.4%-10.1%
Q4 2015-4.8%
Q3 2015-1.2%
Q2 2015-5.1%
Q1 2015+4.7%
Q4 2014+2.0%
Q3 2014-2.2%
Q2 2014+0.9%
Q4 2013-0.8%
Q1 2014-0.8%
Q3 2013-8.5%
Q2 2013-1.0%
Q4 2009+3.7%
Q1 2013+4.5%
Q4 2012-2.9%
Q4 2011+2.4%
Q4 2010+2.4%

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