Reports Q1 revenue $274.4M, consensus $249.1M. “Following a record year for Seaways, our first quarter earnings increased over the prior quarter and marked the eighth consecutive quarter of strong earnings,” said Lois Zabrocky, International Seaways President and CEO. “We continue to share in this upcycle with our shareholders by declaring a combined dividend of $1.75 per share, which is 60% of our adjusted net income in the first quarter of 2024. Amidst a period of continued market strength, we are also pleased to have taken advantage of compelling opportunities to renew our fleet and strengthen our balance sheet under the new credit facility.”
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