Castor Maritime reports Q1 EPS $1.09 vs (69c) last year

Reports Q1 revenue $20.39M vs $24.47M last year. Petros Panagiotidis, Chief Executive Officer of Castor commented: “In the first quarter of 2024 we observed a recovery in the dry cargo market, which, along with a number of vessel sales announced in earlier months, resulted in robust cash flows for the quarter. In April, in order to provide greater clarity as to our capital structure, we launched a tender offer for the vast majority of our outstanding warrants. This follows a number of private purchases that we completed in the fourth quarter in 2023 for the warrants subject of this tender offer, as well as other warrants outstanding at the time.”