Costamare Inc (NYSE:CMRE)
$ 13.02 -0.48 (-3.56%) Market Cap: 1.56 Bil Enterprise Value: 3.28 Bil PE Ratio: 4.33 PB Ratio: 0.63 GF Score: 91/100
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Q3 2022 Costamare Inc Earnings Call Transcript

Nov 02, 2022 / 01:00PM GMT
Release Date Price: $9.6 (-1.13%)
Operator

Thank you for standing by, ladies and gentlemen, and welcome to the Costamare Inc. Conference Call on the Third Quarter 2022 Financial Results. We have with us Mr. Gregory Zikos, Chief Financial Officer of the company. (Operator Instructions) I must advise you that this conference is being recorded today, Wednesday, November 2, 2022. We would like to remind you that this conference call contains forward-looking statements. Please take a moment to read Slide #2 of the presentation, which contains the forward-looking statements.

And I will now pass the floor to your speaker today, Mr. Zikos. Please go ahead.

Gregory G. Zikos
Costamare Inc. - CFO & Director

Thank you, and good morning, ladies and gentlemen. During the third quarter, revenues reached approximately $290 million and adjusted net income reached $107 million, compared to $216 million and $82 million for the same period last year. As of quarter end, cash balances and short-term investments stood at around $745 million. And total liquidity, including undrawn credit lines, was above $890

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