Costamare Inc (NYSE:CMRE)
$ 14.38 0.07 (0.49%) Market Cap: 1.72 Bil Enterprise Value: 3.27 Bil PE Ratio: 5.06 PB Ratio: 0.70 GF Score: 92/100

Q2 2024 Costamare Inc Earnings Call Transcript

Jul 31, 2024 / 12:30PM GMT
Release Date Price: $14.82 (+6.08%)
Operator

Thank you for standing by, ladies and gentlemen, and welcome to the Costamare Inc. conference call on the second quarter 2024 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, July 31, 2024. We'd 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 over to your speaker today, Mr. Zikos. Please go ahead, sir.

Gregory Zikos
Costamare Inc - Chief Financial Officer, Director

Thank you, and good morning, ladies and gentlemen. During the second quarter of the year, the company generated net income of about $91 million. As of quarter end, liquidity was above $1.1 billion. In the containership sector, continued vessel diversions around Africa and an early peak season, with higher-than-expected cargo demand have resulted in charter rates remaining

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