EuroDry Ltd., a global marine shipping firm founded in 2018 and based in Marousi, Greece, provides worldwide ocean-going transport services through its ...
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Est. EPS $2.10 · Revenue $20.00M · 1 analysts
Est. EPS $1.72 · Revenue $19.51M · 1 analysts
Est. EPS $6.33 · Revenue $70.75M · 2 analysts
Est. EPS $1.07 · Revenue $17.13M · 1 analysts
EPS $2.32 · Revenue $17.70M
EPS $0.09 · Revenue $12.79M
EPS $-1.55 · Revenue $52.26M
EPS $-0.24 · Revenue $14.39M
EPS $-1.12 · Revenue $11.28M
EPS $-1.35 · Revenue $9.21M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $52.3M | -14.4% | +38.4% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-4.3M | +55.8% | +2468.7% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +12.3% | -64.0% | +92.5% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -2.2% | +59.1% | +207.5% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -8.2% | +48.4% | +1755.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $5.4M | +237.7% | +409.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +10.3% | +261.0% | +267.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 110.3% | -0.5% | -8.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.53x | +23.0% | -20.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $212.1M | -3.5% | +1.6% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -1.55 vs -2.34 | +33.8% | 2.32 vs 1.23 | +89.1% |
| Revenue Surprise | $52.3M vs $53.1M | -1.6% | $17.7M vs $17.9M | -0.9% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 25, 2026 | Pittas Aristeidis P | director | Common stock | D | 250 | $52.12 |
| Aug 25, 2026 | Pittas Aristeidis P | director | Common stock | D | 1,000 | $48.82 |
| Aug 25, 2026 | Pittas Aristeidis P | director | Common stock | D | 950 | $52.12 |
| Aug 25, 2026 | Pittas Aristeidis P | director | Common stock | D | 1,000 | $51.40 |
| Aug 24, 2026 | Karmiri Stefania | officer: Corporate Secretary | Common stock | A | 350 | $45.35 |
Operator: Thank you for standing by, ladies and gentlemen, and welcome to the EuroDry Limited Conference Call on the Second Quarter 2026 Financial Results. We have with us today, Mr. Anastasios Aslidis, Chief Financial Officer; and Ms. Athina Atalioti, Finance Manager of the company. [Operator Instructions] I must advise you that this conference is being recorded today. Please be reminded that the company announced its results with a press release that has been publicly distributed. Before passing the floor to Mr. Aslidis, I would like to remind everyone that in today's presentation and conference call, EuroDry will be making forward-looking statements. These statements are within the meaning of the federal securities laws. Matters discussed may be forward-looking statements, which are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. I kindly draw your attention to Slide #2 of the webcast presentation, which has the full forward-looking statement and the same statement that was also included in the press release. Please take a moment to go through the whole statement and read it. And now I would like to pass the floor to Mr. Aslidis. Please go ahead, sir. Anastasios Aslidis: Thank you. Good morning, ladies and gentlemen, and thank you all for joining us today for our schedule conference call. Together with me is Ms. Athina Atalioti, our Finance Manager. The purpose of today's call is to discuss our financial results for the three- and six-month periods ended June 30, 2026. For that, please turn to Slide 3 of the presentation. Our financial highlights are shown here. For the second quarter of 2026, we reported total net revenues of $17.7 million and net income attributable to controlling shareholders of $6.59 million or $2.32 per diluted share. Adjusted net income attributable to controlling shareholders for the quarter was $6.95 million or $2.44 per diluted share. Adjusted EBITDA for the quarter was $11.71. Please refer to the press release for the reconciliation of adjusted net income and adjusted EBITDA. Athina will go over our financial highlights in more detail later on the presentation. Since initiating our $10 million share repurchase program in August 2022, we have repurchased 358,130 shares of common stock in the open market for a total of $5.8 million. Our Board reapproved the program recently and extended annually. And the most recent authorization is granted earlier this month and runs for another year. We will continue to execute repurchases in a disciplined measured manner based on market conditions and other capital allocation priorities. We're also pleased to announce that on July 28, 2026, we signed a term sheet to refinance the MV Ekaterini, one of our Kamsarmax vessels with a $19 million loan facility, higher by almost $8 million over the existing balance of the loan, further boosting our liquidity. This agreement is subject to customary …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Anastasios Aslidis | Chief Financial Officer, Treasurer & Director | — | 1960 | Active |
Aristides J. Pittas | Chairman, President & Chief Executive Officer | Male | 1960 | Active |
Symeon Pariaros | Chief Administrative Officer | Male | — | Active |
Stephania Karmiri | Secretary | Female | 1968 | Active |
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EuroDry (EDRY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
