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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Q1 2023 Costamare Inc Earnings Call Transcript

May 15, 2023 / 12:30PM GMT
Release Date Price: $8.54 (+2.52%)
Operator

Thank you for standing by, ladies and gentlemen, and welcome to the Costamare Inc. Conference Call on the First Quarter 2023 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, Monday, May 15, 2023.

We would like to remind you that this conference contains forward-looking statements. Please take a moment to read Slide #2 of the presentation, which contains the forward-looking statements.

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

Gregory G. Zikos
Costamare Inc. - CFO & Director

Thank you, and good morning, ladies and gentlemen. During the first quarter of the year, the company generated net income of $142 million. As of quarter end, liquidity was above $1 billion. In the containership market, charter rates are on a rising trend with high demand across the board, while fixture periods are increasing in duration. The order book, however, remains the principal threat to

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