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EarningsQ1 2026 Earnings Report
CMDB Q1 2026 EPS Results
Actual EPS$0.48
Consensus EPS―
Beat/Miss―
One Year Ago EPS―
CMDB Q1 2026 Revenue Results
Actual Revenue$130.46M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth―
Earnings Announcement Details
QuarterQ1 2026
Date05/13/2026
TimeBefore Open
Conference CallWednesday, May 13, 2026
CMDB Upcoming Earnings
Costamare Bulkers Holdings Limited's next earnings date is estimated for November 13, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
CMDB Q1 2026 Earnings Call
0:00 / 0:00
Q1 2026 Earnings Slide Deck
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominately positive operational and financial picture: profitable Q1 results, a net cash position, successful de-risking of legacy trades, accretive vessel transactions, and strengthening charter rates. Offsetting risks include elevated market volatility, geopolitical disruptions (notably a ~50% reduction in Persian Gulf exports), and a remaining single vessel to be novated before the trading book is fully cleared by year-end. On balance, the positive items around balance sheet repair, fleet renewal, and market tailwinds outweigh the manageable residual risks.Company Guidance
Adjusted and GAAP Net Income
Adjusted net income of $12.4 million ($0.51 per share) and net income of $9.9 million ($0.41 per share) for Q1 2026, indicating profitable operations during the quarter.
Strong Liquidity / Net Cash Position
Total cash of about $270 million versus debt of circa $140 million, leaving the company net cash positive with total cash exceeding debt by approximately $127 million, supporting countercyclical growth opportunities.
Substantial De-risking of Trading Book
Majority of the legacy trading portfolio has been transferred to Cargill with only one vessel remaining to be novated; company expects no remaining legacy positions by year-end, materially derisking the balance sheet.
Fleet Renewal and Accretive Vessel Transactions
Completed sale of a 2011-built Capesize (realized capital gains of ~ $7 million) and acquired a 2018-built Ultramax; accepted delivery of a newbuilding Kamsarmax (chartered in for a minimum 5-year period and chartered out at profitable rates for at least 11 months), with another Kamsarmax newbuilding expected under a long-term charter agreement.
Portfolio and Employment Strategy
Operating platform focused on the Kamsarmax segment and consists of 20 third‑party-owned dry bulk vessels; most owned vessels are employed on index-linked period charter agreements with the option to convert to fixed rates, providing income stability and upside optionality.
Market Tailwinds Across Key Segments
Capesize earnings supported by strong iron ore and bauxite volumes and limited fleet growth; Panamax supported by a record soybean harvest in Brazil and the U.S.-China agreement driving long-haul soybean shipments; Supramax showed a solid start as increased grain and minor bulk flows aided demand.
Charter Rates Strengthening and Orderbook
Charter rates strengthened during Q1 2026 with further upside momentum since April. The new vessel order book stands at 13.5%, indicating limited near-term vessel supply growth.
CMDB Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
Nov 13, 2026 | 2026 (Q3) | -1.195 | ― | ||
| 2026 (Q2) | -1.195 | 120.75% (+1.44) | |||
| 2026 (Q1) | ― | ― | |||
| 2025 (Q4) | ― | ― | |||
| 2025 (Q3) | 0 | ― | |||
| 2025 (Q2) | 0 | ― |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed