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 2023 Costamare Inc Earnings Call Transcript

Nov 01, 2023 / 12:30PM GMT
Release Date Price: $8.84 (-2.10%)
Operator

Thank you for standing by, ladies and gentlemen, and welcome to the Costamare Inc. Conference Call on the Third 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, Wednesday, November 1, 2023.

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, sir.

Gregory G. Zikos
Costamare Inc. - CFO & Director

Thank you, and good morning, ladies and gentlemen. During the third quarter of the year, the company generated net income of about $53 million as of quarter end, liquidity was close to $1 billion. In the containership sector, larger ships continue to enjoy a tight market, while smaller vessels experienced deteriorating conditions. Overall, the market outlook looks uncertain due to

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