Ardmore Shipping Key Executives
This section highlights Ardmore Shipping's key executives, including their titles and compensation details.
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Ardmore Shipping Earnings
This section highlights Ardmore Shipping's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Date:
May 14, 2025
Time:
Before Market
Est. EPS:
$0.20
Status:
Unconfirmed
Last Earnings Results
Date:
February 13, 2025
EPS:
$0.25
Est. EPS:
$0.21
Revenue:
$82.04M
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-13 | $0.21 | $0.25 |
| Read Transcript | Q3 | 2024 | 2024-11-06 | $0.62 | $0.55 |
| Read Transcript | Q2 | 2024 | 2024-07-31 | $1.02 | $1.13 |
| Read Transcript | Q1 | 2024 | 2024-05-08 | $0.83 | $0.92 |
| Read Transcript | Q3 | 2023 | 2023-11-07 | $0.44 | $0.49 |
| Read Transcript | Q2 | 2023 | 2023-08-01 | $0.56 | $0.57 |
| Read Transcript | Q1 | 2023 | 2023-05-09 | $1.00 | $1.04 |
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is based in Pembroke, Bermuda.
Industrials
Marine Shipping
$10.01
Stock Price
$404.96M
Market Cap
880
Employees
Pembroke, None
Location
Financial Statements
Access annual & quarterly financial statements for Ardmore Shipping, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $405.78M | $395.98M | $445.74M | $192.48M | $220.06M |
| Cost of Revenue | $233.99M | $228.87M | $250.21M | $188.04M | $121.01M |
| Gross Profit | $171.79M | $167.11M | $195.53M | $4.44M | $99.05M |
| Gross Profit Ratio | 42.34% | 42.20% | 43.87% | 2.30% | 45.01% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $28.04M | $20.57M | $24.11M | $19.20M | $17.90M |
| Selling and Marketing Expenses | $- | $4.68M | $4.17M | $3.12M | $2.78M |
| Selling General and Administrative Expenses | $28.04M | $25.24M | $24.11M | $19.20M | $17.90M |
| Other Expenses | $143.75M | $- | $11.97M | $5.17M | $62.55M |
| Operating Expenses | $171.79M | $25.24M | $36.08M | $24.37M | $80.45M |
| Cost and Expenses | $405.78M | $240.03M | $286.29M | $212.41M | $201.46M |
| Interest Income | $1.82M | $1.82M | $471.00K | $55.09K | $281.62K |
| Interest Expense | $6.78M | $11.41M | $15.54M | $16.77M | $18.17M |
| Depreciation and Amortization | $33.88M | $27.82M | $33.44M | $36.87M | $38.39M |
| EBITDA | $178.39M | $157.85M | $187.83M | $11.83M | $50.63M |
| EBITDA Ratio | 43.96% | 39.86% | 42.45% | 6.15% | 23.21% |
| Operating Income | $128.29M | $131.67M | $159.93M | $-19.87M | $18.88M |
| Operating Income Ratio | 31.61% | 33.25% | 35.88% | -10.32% | 8.58% |
| Total Other Income Expenses Net | $9.45M | $-13.39M | $-49.87M | $-16.49M | $-24.73M |
| Income Before Tax | $137.74M | $118.28M | $138.86M | $-36.37M | $-5.85M |
| Income Before Tax Ratio | 33.94% | 29.87% | 31.15% | -18.89% | -2.66% |
| Income Tax Expense | $215.00K | $435.00K | $207.00K | $149.59K | $199.45K |
| Net Income | $133.01M | $116.81M | $138.45M | $-36.52M | $-6.05M |
| Net Income Ratio | 32.78% | 29.50% | 31.06% | -18.97% | -2.75% |
| EPS | $3.09 | $2.76 | $3.63 | $-1.08 | $-0.18 |
| EPS Diluted | $3.06 | $2.71 | $3.52 | $-1.08 | $-0.18 |
| Weighted Average Shares Outstanding | 41.66M | 41.13M | 37.24M | 33.88M | 33.24M |
| Weighted Average Shares Outstanding Diluted | 42.04M | 41.82M | 38.36M | 33.88M | 33.24M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.04M | $96.12M | $121.33M | $106.30M | $98.88M | $86.94M | $91.93M | $118.23M | $132.83M | $142.42M | $107.12M | $63.37M | $52.46M | $47.20M | $47.27M | $45.55M | $41.73M | $45.21M | $67.93M | $65.19M |
| Cost of Revenue | $58.51M | $59.21M | $65.05M | $58.64M | $62.05M | $39.51M | $40.42M | $46.14M | $63.82M | $55.36M | $49.30M | $36.99M | $50.49M | $33.36M | $29.76M | $29.41M | $31.08M | $25.10M | $28.82M | $31.52M |
| Gross Profit | $23.52M | $36.91M | $56.28M | $47.66M | $36.83M | $47.43M | $51.51M | $72.09M | $69.01M | $87.06M | $57.83M | $26.38M | $1.97M | $13.84M | $17.51M | $16.15M | $10.64M | $20.10M | $39.12M | $33.68M |
| Gross Profit Ratio | 28.68% | 38.40% | 46.40% | 44.80% | 37.20% | 54.60% | 56.00% | 61.00% | 52.00% | 61.10% | 54.00% | 41.60% | 3.80% | 29.30% | 37.00% | 35.40% | 25.51% | 44.47% | 57.58% | 51.66% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $8.10M | $7.49M | $6.33M | $6.13M | $7.03M | $6.17M | $5.81M | $6.23M | $6.66M | $6.75M | $5.34M | $5.36M | $4.27M | $5.04M | $4.95M | $4.94M | $3.30M | $4.91M | $4.84M | $4.85M |
| Selling and Marketing Expenses | $- | $- | $- | $1.06M | $1.37M | $1.09M | $1.05M | $1.17M | $1.31M | $919.00K | $1.05M | $891.00K | $928.00K | $750.00K | $686.00K | $760.00K | $234.65K | $791.22K | $852.36K | $867.39K |
| Selling General and Administrative Expenses | $8.10M | $7.49M | $6.33M | $6.13M | $7.03M | $6.17M | $5.81M | $6.23M | $6.66M | $6.75M | $5.34M | $5.36M | $4.27M | $5.04M | $4.95M | $4.94M | $3.30M | $4.91M | $4.84M | $4.85M |
| Other Expenses | $15.43M | $3.08M | $- | $-756.00K | $-907.00K | $-733.00K | $-895.00K | $18.81M | $4.14M | $16.64M | $18.14M | $17.78M | $1.28M | $16.65M | $16.34M | $15.99M | $-1.71M | $-1.71M | $-1.49M | $-1.29M |
| Operating Expenses | $23.52M | $10.57M | $6.33M | $6.13M | $7.03M | $23.44M | $24.21M | $25.04M | $10.80M | $23.39M | $23.48M | $23.14M | $5.55M | $21.69M | $21.29M | $20.92M | $19.73M | $22.74M | $20.65M | $21.82M |
| Cost and Expenses | $82.04M | $69.78M | $63.77M | $64.77M | $69.08M | $62.96M | $64.63M | $71.18M | $74.62M | $78.75M | $72.78M | $60.13M | $56.04M | $55.05M | $51.05M | $50.33M | $50.81M | $47.85M | $49.46M | $53.34M |
| Interest Income | $435.00K | $226.00K | $612.00K | $544.00K | $555.00K | $418.00K | $606.00K | $239.00K | $251.00K | $191.00K | $20.00K | $10.00K | $16.10K | $9.00K | $17.40K | $12.59K | $25.78K | $37.65K | $73.99K | $144.20K |
| Interest Expense | $1.10M | $1.10M | $2.04M | $2.53M | $2.72M | $3.00M | $2.83M | $2.86M | $2.04M | $5.16M | $4.89M | $4.14M | $4.30M | $4.38M | $4.31M | $3.78M | $3.92M | $4.02M | $4.78M | $5.45M |
| Depreciation and Amortization | $7.83M | $7.83M | $7.61M | $7.73M | $8.04M | $7.66M | $7.71M | $6.94M | $8.25M | $8.26M | $7.94M | $8.99M | $9.29M | $9.11M | $9.17M | $9.29M | $8.27M | $8.12M | $7.95M | $7.85M |
| EBITDA | $19.28M | $33.37M | $58.49M | $49.26M | $38.16M | $32.06M | $35.61M | $53.99M | $64.52M | $75.48M | $42.60M | $5.92M | $4.44M | $1.25M | $4.12M | $4.63M | $-5.55M | $5.53M | $27.88M | $21.14M |
| EBITDA Ratio | 23.50% | 34.72% | 48.21% | 46.34% | 38.27% | 36.03% | 37.77% | 45.87% | 44.01% | 49.93% | 38.59% | 17.42% | 8.47% | 0.29% | 8.77% | 6.69% | -21.70% | 12.20% | 38.99% | 30.45% |
| Operating Income | $11.47M | $26.34M | $57.56M | $41.53M | $29.80M | $24.40M | $27.90M | $47.29M | $51.21M | $63.86M | $34.36M | $3.25M | $-3.60M | $-7.85M | $-3.78M | $-4.78M | $-9.08M | $-2.64M | $18.47M | $11.85M |
| Operating Income Ratio | 13.98% | 27.40% | 47.44% | 39.07% | 30.14% | 28.07% | 30.35% | 40.00% | 38.55% | 44.84% | 32.08% | 5.12% | -6.87% | -16.63% | -7.99% | -10.49% | -21.76% | -5.84% | 27.19% | 18.18% |
| Total Other Income Expenses Net | $11.00K | $-1.90M | $4.72M | $-1.98M | $-9.53M | $-9.51M | $-3.11M | $-3.66M | $-4.97M | $-8.86M | $-5.54M | $-11.64M | $-4.30M | $-5.59M | $-5.58M | $-5.14M | $-12.08M | $-5.68M | $-6.30M | $-6.59M |
| Income Before Tax | $11.48M | $24.44M | $62.27M | $39.55M | $27.40M | $21.40M | $25.08M | $44.40M | $54.23M | $62.06M | $29.76M | $-7.20M | $-7.64M | $-12.25M | $-8.09M | $-8.44M | $-19.44M | $-6.61M | $13.66M | $6.55M |
| Income Before Tax Ratio | 13.99% | 25.42% | 51.33% | 37.20% | 27.71% | 24.62% | 27.28% | 37.55% | 40.83% | 43.58% | 27.78% | -11.37% | -14.57% | -25.95% | -17.12% | -18.53% | -46.60% | -14.63% | 20.11% | 10.05% |
| Income Tax Expense | $13.00K | $74.00K | $49.00K | $79.00K | $88.00K | $50.00K | $240.00K | $57.00K | $136.00K | $27.00K | $9.00K | $34.00K | $13.59K | $44.79K | $33.37K | $57.84K | $70.97K | $19.71K | $78.26K | $30.50K |
| Net Income | $6.93M | $24.14M | $62.69M | $39.24M | $27.01M | $21.20M | $24.51M | $44.09M | $53.94M | $61.83M | $29.69M | $-7.24M | $-7.92M | $-12.29M | $-8.13M | $-8.50M | $-19.52M | $-6.63M | $13.58M | $6.52M |
| Net Income Ratio | 8.45% | 25.12% | 51.67% | 36.91% | 27.32% | 24.39% | 26.66% | 37.29% | 40.60% | 43.42% | 27.71% | -11.42% | -15.09% | -26.05% | -17.19% | -18.65% | -46.77% | -14.67% | 20.00% | 10.00% |
| EPS | $0.12 | $0.55 | $1.48 | $0.93 | $0.63 | $0.49 | $0.57 | $1.06 | $1.31 | $1.59 | $0.85 | $-0.21 | $-0.23 | $-0.36 | $-0.24 | $-0.26 | $-0.59 | $-0.20 | $0.41 | $0.20 |
| EPS Diluted | $0.12 | $0.55 | $1.47 | $0.92 | $0.63 | $0.49 | $0.57 | $1.04 | $1.28 | $1.54 | $0.83 | $-0.21 | $-0.23 | $-0.36 | $-0.24 | $-0.26 | $-0.59 | $-0.20 | $0.41 | $0.20 |
| Weighted Average Shares Outstanding | 41.63M | 42.14M | 41.75M | 41.37M | 41.30M | 41.30M | 41.19M | 40.72M | 40.59M | 38.77M | 35.07M | 34.13M | 34.36M | 34.36M | 33.50M | 33.29M | 33.24M | 33.16M | 33.25M | 33.20M |
| Weighted Average Shares Outstanding Diluted | 41.76M | 42.36M | 42.01M | 41.92M | 41.81M | 41.75M | 41.71M | 41.68M | 41.49M | 40.12M | 35.57M | 34.43M | 34.36M | 34.36M | 33.50M | 33.29M | 33.24M | 33.29M | 33.36M | 33.32M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $46.99M | $46.80M | $50.57M | $55.45M | $58.37M |
| Short Term Investments | $- | $- | $4.93M | $307.00K | $- |
| Cash and Short Term Investments | $46.99M | $46.80M | $50.57M | $55.45M | $58.37M |
| Net Receivables | $60.87M | $56.23M | $79.84M | $20.30M | $17.81M |
| Inventory | $11.31M | $12.56M | $15.72M | $11.10M | $10.27M |
| Other Current Assets | $7.38M | $11.18M | $11.61M | $7.06M | $16.10M |
| Total Current Assets | $126.55M | $126.78M | $157.74M | $94.22M | $102.54M |
| Property Plant Equipment Net | $570.27M | $538.13M | $547.47M | $604.46M | $633.12M |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $10.70M | $11.22M | $3.86M | $2.88M |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $7.98M | $15.34M | $7.43M | $21.99M | $13.46M |
| Total Non-Current Assets | $578.25M | $564.17M | $566.12M | $630.31M | $649.46M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $704.80M | $690.95M | $723.86M | $724.53M | $752.01M |
| Account Payables | $6.07M | $2.02M | $8.81M | $8.58M | $9.13M |
| Short Term Debt | $4.96M | $12.27M | $21.14M | $36.46M | $41.77M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $482.00K | $347.00K | $1.22M | $2.07M | $12.00M |
| Other Current Liabilities | $18.31M | $19.20M | $21.75M | $11.39M | $12.00M |
| Total Current Liabilities | $29.83M | $33.84M | $52.93M | $58.50M | $62.90M |
| Long Term Debt | $39.27M | $81.71M | $163.48M | $336.09M | $368.34M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $273.00K | $954.00K | $1.01M | $942.51K | $433.97K |
| Total Non-Current Liabilities | $39.55M | $82.67M | $164.49M | $337.03M | $368.77M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $69.38M | $116.51M | $217.42M | $395.53M | $431.67M |
| Preferred Stock | $27.78M | $37.04M | $37.04M | $37.04M | $- |
| Common Stock | $440.00K | $433.00K | $426.00K | $363.84K | $352.07K |
| Retained Earnings | $164.91M | $81.39M | $15.13M | $-119.92M | $-81.83M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $1.47M | $1.04M | $-729.13K |
| Other Total Stockholders Equity | $442.29M | $455.58M | $452.37M | $410.47M | $402.55M |
| Total Stockholders Equity | $635.42M | $574.44M | $506.44M | $329.00M | $320.33M |
| Total Equity | $635.42M | $574.44M | $506.44M | $329.00M | $320.33M |
| Total Liabilities and Stockholders Equity | $704.80M | $690.95M | $723.86M | $724.53M | $752.01M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $704.80M | $690.95M | $723.86M | $724.53M | $752.01M |
| Total Investments | $5.24M | $10.70M | $11.22M | $3.86M | $2.88M |
| Total Debt | $44.24M | $93.99M | $184.62M | $372.55M | $409.71M |
| Net Debt | $-2.75M | $47.18M | $134.05M | $317.10M | $351.35M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $46.99M | $47.57M | $47.40M | $48.62M | $46.80M | $50.76M | $50.97M | $52.55M | $50.57M | $50.62M | $45.38M | $53.25M | $55.45M | $54.48M | $55.42M | $50.20M | $58.37M | $58.22M | $72.91M | $64.47M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $201.00K | $- | $4.93M | $6.58M | $- | $- | $307.00K | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $46.99M | $47.57M | $47.40M | $48.62M | $46.80M | $50.76M | $50.97M | $52.55M | $50.57M | $50.62M | $45.38M | $53.25M | $55.45M | $54.48M | $55.42M | $50.20M | $58.37M | $58.22M | $72.91M | $64.47M |
| Net Receivables | $60.87M | $65.08M | $75.17M | $60.34M | $56.23M | $50.79M | $63.06M | $68.94M | $79.84M | $65.47M | $51.92M | $27.62M | $20.30M | $18.52M | $16.63M | $19.49M | $17.81M | $19.73M | $33.25M | $27.71M |
| Inventory | $11.31M | $11.57M | $13.21M | $11.93M | $12.56M | $14.89M | $14.22M | $14.54M | $15.72M | $19.18M | $18.64M | $15.08M | $11.10M | $10.27M | $9.46M | $9.06M | $10.27M | $8.92M | $6.57M | $10.70M |
| Other Current Assets | $7.38M | $8.54M | $6.61M | $22.98M | $11.18M | $6.86M | $6.80M | $8.90M | $11.61M | $13.36M | $48.48M | $49.56M | $7.06M | $6.94M | $7.87M | $7.11M | $16.10M | $4.50M | $6.41M | $6.15M |
| Total Current Assets | $126.55M | $132.76M | $142.38M | $143.88M | $126.78M | $123.31M | $135.05M | $144.93M | $157.74M | $148.63M | $164.43M | $145.51M | $94.22M | $90.21M | $89.38M | $85.86M | $102.54M | $91.36M | $119.15M | $109.02M |
| Property Plant Equipment Net | $570.27M | $562.85M | $571.29M | $523.57M | $550.15M | $540.17M | $541.69M | $544.14M | $547.47M | $550.63M | $549.88M | $553.50M | $604.46M | $612.08M | $618.39M | $625.87M | $633.12M | $656.99M | $648.55M | $655.85M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $9.20M | $10.40M | $10.70M | $11.20M | $11.48M | $11.70M | $11.22M | $11.44M | $561.00K | $4.71M | $3.86M | $3.14M | $3.13M | $3.10M | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $7.98M | $27.20M | $19.16M | $26.28M | $3.32M | $11.72M | $7.92M | $7.62M | $7.43M | $9.40M | $18.17M | $18.03M | $21.99M | $23.13M | $22.08M | $12.28M | $16.34M | $13.65M | $12.47M | $13.89M |
| Total Non-Current Assets | $578.25M | $590.05M | $599.65M | $560.25M | $564.17M | $563.09M | $561.10M | $563.45M | $566.12M | $571.47M | $568.62M | $576.25M | $630.31M | $638.35M | $643.60M | $641.25M | $649.46M | $670.64M | $661.01M | $669.75M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $704.80M | $722.81M | $742.03M | $704.13M | $690.95M | $686.40M | $696.15M | $708.38M | $723.86M | $720.10M | $733.04M | $721.76M | $724.53M | $728.56M | $732.98M | $727.10M | $752.01M | $762.00M | $780.16M | $778.77M |
| Account Payables | $6.07M | $7.25M | $13.40M | $6.21M | $2.02M | $7.26M | $6.46M | $3.32M | $8.81M | $7.14M | $6.39M | $6.21M | $8.58M | $7.93M | $6.02M | $8.34M | $9.13M | $4.16M | $3.37M | $6.68M |
| Short Term Debt | $4.96M | $9.38M | $7.89M | $47.55M | $12.27M | $13.97M | $15.50M | $21.66M | $21.14M | $103.98M | $42.34M | $60.57M | $36.46M | $36.13M | $39.77M | $37.35M | $41.77M | $40.38M | $36.48M | $51.11M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $482.00K | $2.79M | $- | $1.39M | $347.00K | $1.61M | $- | $480.00K | $1.22M | $707.00K | $1.46M | $860.00K | $2.07M | $1.36M | $975.97K | $11.79M | $12.00M | $10.37M | $12.15M | $- |
| Other Current Liabilities | $18.31M | $17.76M | $19.39M | $18.60M | $19.20M | $19.74M | $16.66M | $18.36M | $21.75M | $14.01M | $14.67M | $10.77M | $11.39M | $13.49M | $11.34M | $11.79M | $12.00M | $10.37M | $12.15M | $12.32M |
| Total Current Liabilities | $29.83M | $37.18M | $40.68M | $73.75M | $33.84M | $42.58M | $38.61M | $43.82M | $52.93M | $125.84M | $64.86M | $78.41M | $58.50M | $58.92M | $58.11M | $57.48M | $62.90M | $54.91M | $52.01M | $70.11M |
| Long Term Debt | $39.27M | $20.64M | $45.64M | $24.45M | $81.71M | $88.73M | $115.71M | $132.15M | $163.48M | $139.99M | $294.06M | $317.69M | $336.09M | $348.08M | $341.15M | $356.68M | $368.34M | $367.03M | $382.09M | $376.99M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $273.00K | $954.00K | $954.00K | $954.00K | $954.00K | $1.01M | $1.01M | $1.01M | $1.01M | $943.00K | $943.00K | $943.00K | $942.51K | $- | $- | $- | $433.97K | $466.90K | $703.32K | $- |
| Total Non-Current Liabilities | $39.55M | $21.59M | $46.59M | $25.40M | $82.67M | $89.73M | $116.72M | $133.15M | $164.49M | $140.94M | $295.00M | $318.63M | $337.03M | $348.08M | $341.15M | $356.68M | $368.77M | $367.49M | $382.80M | $376.99M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $0 | $- | $- | $- | $- |
| Total Liabilities | $69.38M | $58.77M | $87.27M | $99.15M | $116.51M | $132.31M | $155.33M | $176.97M | $217.42M | $266.77M | $359.86M | $397.04M | $395.53M | $406.99M | $399.26M | $414.16M | $431.67M | $422.41M | $434.80M | $447.10M |
| Preferred Stock | $27.78M | $37.04M | $37.04M | $37.04M | $37.04M | $37.04M | $37.04M | $37.04M | $37.04M | $37.04M | $37.04M | $37.04M | $37.04M | $23.04M | $23.05M | $- | $- | $- | $- | $0 |
| Common Stock | $440.00K | $440.00K | $439.00K | $436.00K | $433.00K | $433.00K | $433.00K | $430.00K | $426.00K | $425.00K | $391.00K | $366.00K | $363.84K | $363.84K | $363.84K | $353.55K | $352.07K | $352.07K | $352.07K | $351.47K |
| Retained Earnings | $164.91M | $167.39M | $160.00M | $111.10M | $81.39M | $61.84M | $49.35M | $40.10M | $15.13M | $-37.95M | $-98.92M | $-127.77M | $-119.92M | $-111.37M | $-98.54M | $-90.33M | $-81.83M | $-62.32M | $-55.68M | $-69.27M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $-436.00K | $-433.00K | $0 | $46.00K | $745.00K | $1.47M | $2.07M | $5.25M | $4.05M | $1.04M | $-151.16K | $-144.02K | $-140.69K | $-729.13K | $-705.39K | $-773.42K | $-0 |
| Other Total Stockholders Equity | $442.29M | $459.17M | $457.27M | $456.40M | $455.58M | $454.76M | $453.95M | $453.09M | $452.37M | $451.74M | $429.42M | $411.04M | $410.47M | $409.68M | $408.99M | $403.06M | $402.55M | $402.27M | $401.46M | $400.59M |
| Total Stockholders Equity | $635.42M | $664.04M | $654.76M | $604.99M | $574.44M | $554.09M | $540.82M | $531.41M | $506.44M | $453.33M | $373.18M | $324.72M | $329.00M | $321.56M | $333.72M | $312.95M | $320.33M | $339.60M | $345.36M | $331.67M |
| Total Equity | $635.42M | $664.04M | $654.76M | $604.99M | $574.44M | $554.09M | $540.82M | $531.41M | $506.44M | $453.33M | $373.18M | $324.72M | $329.00M | $321.56M | $333.72M | $312.95M | $320.33M | $339.60M | $345.36M | $331.67M |
| Total Liabilities and Stockholders Equity | $704.80M | $722.81M | $742.03M | $704.13M | $690.95M | $686.40M | $696.15M | $708.38M | $723.86M | $720.10M | $733.04M | $721.76M | $724.53M | $728.56M | $732.98M | $727.10M | $752.01M | $762.00M | $780.16M | $778.77M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $704.80M | $722.81M | $742.03M | $704.13M | $690.95M | $686.40M | $696.15M | $708.38M | $723.86M | $720.10M | $733.04M | $721.76M | $724.53M | $728.56M | $732.98M | $727.10M | $752.01M | $762.00M | $780.16M | $778.77M |
| Total Investments | $5.24M | $- | $9.20M | $10.40M | $10.70M | $11.20M | $11.48M | $11.70M | $11.22M | $18.02M | $561.00K | $4.71M | $3.86M | $3.14M | $3.13M | $3.10M | $- | $- | $- | $- |
| Total Debt | $44.24M | $30.01M | $53.52M | $72.00M | $93.99M | $102.70M | $131.21M | $153.81M | $184.62M | $243.98M | $336.40M | $378.25M | $372.55M | $384.21M | $380.92M | $393.67M | $409.71M | $407.08M | $418.41M | $428.10M |
| Net Debt | $-2.75M | $-17.56M | $6.13M | $23.38M | $47.18M | $51.94M | $80.24M | $101.25M | $134.05M | $193.35M | $291.02M | $325.01M | $317.10M | $329.73M | $325.50M | $343.47M | $351.35M | $348.87M | $345.49M | $363.63M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $133.01M | $116.81M | $138.45M | $-36.83M | $-6.05M |
| Depreciation and Amortization | $33.88M | $31.36M | $29.28M | $31.70M | $32.19M |
| Deferred Income Tax | $- | $- | $- | $-31.39K | $6.67M |
| Stock Based Compensation | $- | $3.22M | $3.06M | $2.61M | $3.00M |
| Change in Working Capital | $4.10M | $17.92M | $-56.02M | $-1.82M | $9.32M |
| Accounts Receivables | $-4.64M | $23.61M | $-59.56M | $-4.22M | $12.27M |
| Inventory | $1.25M | $3.16M | $-4.62M | $-821.26K | $-115.33K |
| Accounts Payables | $4.05M | $-4.41M | $-1.61M | $1.15M | $2.54M |
| Other Working Capital | $3.44M | $-4.44M | $9.78M | $2.07M | $-5.38M |
| Other Non Cash Items | $-10.74M | $-9.69M | $9.44M | $1.48M | $960.21K |
| Net Cash Provided by Operating Activities | $160.25M | $159.61M | $124.21M | $-2.89M | $46.09M |
| Investments in Property Plant and Equipment | $-61.45M | $-25.38M | $-3.81M | $-2.63M | $-20.90M |
| Acquisitions Net | $26.83M | $-1.24M | $-588.00K | $-5.54M | $- |
| Purchases of Investments | $- | $- | $-588.00K | $-5.54M | $- |
| Sales Maturities of Investments | $1.65M | $- | $588.00K | $15.44M | $- |
| Other Investing Activities | $- | $-208.00K | $39.81M | $-93.80K | $-88.63K |
| Net Cash Used for Investing Activities | $-32.97M | $-26.84M | $35.41M | $1.63M | $-20.99M |
| Debt Repayment | $-50.27M | $-85.98M | $-196.62M | $-37.87M | $-16.29M |
| Common Stock Issued | $-17.93M | $- | $38.91M | $37.99M | $- |
| Common Stock Repurchased | $- | $- | $- | $-37.99M | $-287.00K |
| Dividends Paid | $-58.88M | $-50.55M | $-3.29M | $-791.78K | $-1.66M |
| Other Financing Activities | $-10.00M | $- | $-3.50M | $37.01M | $-219.86K |
| Net Cash Used Provided by Financing Activities | $-127.09M | $-136.54M | $-164.50M | $-1.66M | $-18.46M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $183.00K | $-3.76M | $-4.88M | $-2.92M | $6.64M |
| Cash at End of Period | $46.99M | $46.80M | $50.57M | $55.45M | $58.37M |
| Cash at Beginning of Period | $46.80M | $50.57M | $55.45M | $58.37M | $51.72M |
| Operating Cash Flow | $160.25M | $159.61M | $124.21M | $-2.89M | $46.09M |
| Capital Expenditure | $-61.02M | $-25.38M | $-3.81M | $-2.63M | $-20.90M |
| Free Cash Flow | $99.22M | $134.22M | $120.40M | $-5.52M | $25.19M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $6.93M | $24.14M | $62.69M | $39.24M | $27.01M | $21.20M | $24.51M | $44.09M | $53.94M | $61.83M | $29.69M | $-7.00M | $-7.92M | $-12.29M | $-8.13M | $-8.50M | $-19.52M | $-6.63M | $13.58M | $6.52M |
| Depreciation and Amortization | $8.77M | $7.83M | $7.61M | $7.73M | $8.04M | $6.93M | $6.81M | $6.94M | $7.25M | $7.25M | $6.98M | $7.79M | $8.01M | $7.98M | $7.91M | $7.81M | $8.27M | $8.12M | $7.95M | $7.85M |
| Deferred Income Tax | $- | $- | $- | $- | $-24.58M | $145.00K | $330.00K | $- | $- | $- | $- | $- | $83.27K | $9.47K | $31.73K | $-155.87K | $6.54M | $48.22K | $134.81K | $-55.48K |
| Stock Based Compensation | $- | $1.90M | $873.00K | $826.00K | $816.00K | $816.00K | $856.00K | $729.00K | $703.00K | $1.11M | $675.00K | $571.00K | $789.85K | $682.76K | $621.85K | $518.51K | $563.25K | $806.72K | $876.71K | $753.99K |
| Change in Working Capital | $2.74M | $6.45M | $-12.85M | $2.18M | $-11.69M | $14.75M | $9.44M | $5.12M | $-4.22M | $-13.95M | $-23.70M | $-14.15M | $-2.29M | $1.09M | $-582.14K | $-31.49K | $3.61M | $12.28M | $-3.86M | $-2.71M |
| Accounts Receivables | $4.36M | $10.09M | $-14.75M | $-4.11M | $-5.76M | $13.70M | $6.42M | $10.90M | $-59.56M | $-11.75M | $-23.50M | $-7.32M | $-3.47M | $545.40K | $2.86M | $-1.68M | $1.92M | $13.52M | $-5.54M | $2.38M |
| Inventory | $239.40K | $1.63M | $-1.27M | $624.00K | $2.31M | $-677.00K | $319.00K | $1.18M | $3.46M | $-541.00K | $-3.55M | $-3.99M | $-827.57K | $-810.67K | $-401.71K | $1.22M | $-1.35M | $-2.35M | $4.13M | $-538.05K |
| Accounts Payables | $-1.29M | $-4.67M | $6.85M | $3.01M | $-4.23M | $114.00K | $3.18M | $-3.45M | $-468.00K | $749.00K | $181.00K | $-2.07M | $1.30M | $964.30K | $-2.33M | $1.21M | $3.48M | $966.80K | $-2.46M | $561.13K |
| Other Working Capital | $-569.57K | $-603.00K | $-3.68M | $2.65M | $-4.01M | $1.61M | $-480.00K | $-3.51M | $52.34M | $-2.41M | $3.18M | $-8.09M | $705.57K | $388.21K | $2.15M | $-2.46M | $1.48M | $13.66M | $-5.52M | $-2.73M |
| Other Non Cash Items | $870.15K | $-445.00K | $-9.91M | $15.77M | $17.36M | $-1.87M | $130.00K | $-64.00K | $3.08M | $-1.65M | $897.00K | $7.12M | $743.68K | $-86.99K | $1.58M | $-755.63K | $-291.38K | $1.17M | $529.61K | $-451.23K |
| Net Cash Provided by Operating Activities | $19.32M | $39.88M | $48.41M | $48.98M | $16.95M | $41.97M | $42.08M | $56.82M | $60.74M | $54.59M | $14.55M | $-5.67M | $-578.98K | $-2.62M | $1.43M | $-1.11M | $-821.50K | $15.79M | $19.21M | $11.91M |
| Investments in Property Plant and Equipment | $-1.63M | $-1.26M | $-43.58M | $-13.45M | $-7.84M | $-6.19M | $-8.69M | $-2.56M | $-2.01M | $-1.57M | $-23.00K | $-200.00K | $-489.58K | $-928.89K | $-633.31K | $-581.49K | $-991.16K | $-18.69M | $-620.61K | $-605.52K |
| Acquisitions Net | $-652.33K | $- | $1.65M | $- | $-102.00K | $-267.00K | $-125.00K | $-750.00K | $-225.00K | $-125.00K | $-125.00K | $-113.00K | $-428.77K | $-114.79K | $4.65K | $9.89M | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $-87.76K | $-268.40K | $-131.28K | $-750.00K | $-228.68K | $-110.13K | $-118.89K | $-113.00K | $-428.77K | $-114.79K | $-5.00M | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $-40.12K | $23.84K | $- | $- | $241.00K | $268.40K | $131.28K | $750.00K | $228.68K | $110.13K | $118.89K | $- | $428.77K | $114.79K | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-1 | $-58.84K | $26.79M | $-233.00K | $-139.00K | $-16.00K | $2.82M | $-2.88M | $-10.00K | $26.10M | $13.68M | $34.00K | $-13.49K | $-46.52K | $-5.02M | $9.88M | $32.80K | $-59.59K | $-52.47K | $-9.37K |
| Net Cash Used for Investing Activities | $-2.32M | $-1.30M | $-15.13M | $-13.45M | $-7.93M | $-6.47M | $-5.99M | $-6.18M | $-2.25M | $24.41M | $13.53M | $-279.00K | $-931.84K | $-1.09M | $-5.65M | $9.30M | $-958.37K | $-18.75M | $-673.08K | $-614.89K |
| Debt Repayment | $-74.48M | $-21.66M | $-20.65M | $-24.18M | $-7.04M | $-26.81M | $-22.62M | $-29.51M | $-57.52M | $-91.74M | $-51.85M | $4.49M | $-11.93M | $3.03M | $-12.62M | $-16.35M | $2.43M | $-11.74M | $-10.10M | $3.11M |
| Common Stock Issued | $-17.69M | $- | $- | $- | $- | $- | $- | $- | $- | $22.23M | $- | $- | $14.06M | $-387.68K | $23.06M | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $-68.00K | $- | $- | $- | $- | $- | $- | $- | $-286.86K | $- | $- | $- |
| Dividends Paid | $-17.58M | $-16.75M | $-13.70M | $-9.53M | $-6.91M | $-8.73M | $-34.65M | $-19.14M | $-900.64K | $-748.25K | $-838.00K | $-742.00K | $-535.60K | $-256.18K | $- | $- | $- | $- | $- | $-1.66M |
| Other Financing Activities | $92.15M | $- | $-152.74K | $-1 | $-556.17K | $-215.00K | $215.00K | $- | $-100.00K | $18.82M | $16.75M | $- | $14.94M | $-6.00K | $22.07M | $- | $-220.00K | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $-17.59M | $-38.41M | $-34.50M | $-33.71M | $-12.96M | $-35.71M | $-37.66M | $-48.66M | $-58.55M | $-73.76M | $-35.94M | $3.75M | $2.48M | $2.77M | $9.44M | $-16.35M | $1.93M | $-11.74M | $-10.10M | $1.45M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-18.55K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-586.00K | $178.00K | $-1.23M | $1.82M | $-3.96M | $-214.00K | $-1.58M | $1.98M | $-53.00K | $5.24M | $-7.86M | $-2.20M | $972.24K | $-944.36K | $5.22M | $-8.17M | $148.17K | $-14.70M | $8.44M | $12.75M |
| Cash at End of Period | $46.99M | $47.57M | $47.40M | $48.62M | $46.80M | $50.76M | $50.97M | $52.55M | $50.57M | $50.62M | $45.38M | $53.25M | $55.45M | $54.48M | $55.42M | $50.20M | $58.37M | $58.22M | $72.91M | $64.47M |
| Cash at Beginning of Period | $47.57M | $47.40M | $48.62M | $46.80M | $50.76M | $50.97M | $52.55M | $50.57M | $50.62M | $45.38M | $53.25M | $55.45M | $54.48M | $55.42M | $50.20M | $58.37M | $58.22M | $72.91M | $64.47M | $51.72M |
| Operating Cash Flow | $19.32M | $39.88M | $48.02M | $48.98M | $16.95M | $41.97M | $42.08M | $56.82M | $60.74M | $54.59M | $14.55M | $-5.67M | $-578.98K | $-2.62M | $1.43M | $-1.11M | $-821.50K | $15.79M | $19.21M | $11.91M |
| Capital Expenditure | $-1.51M | $-1.26M | $-43.39M | $-13.45M | $-7.84M | $-6.19M | $-8.69M | $-2.56M | $-2.01M | $-1.57M | $-23.00K | $-200.00K | $-489.58K | $-928.89K | $-633.31K | $-581.49K | $-991.16K | $-18.69M | $-620.61K | $-605.52K |
| Free Cash Flow | $17.81M | $38.62M | $4.63M | $35.53M | $9.12M | $35.78M | $33.39M | $54.27M | $58.73M | $53.02M | $14.52M | $-5.87M | $-1.07M | $-3.55M | $796.05K | $-1.69M | $-1.81M | $-2.90M | $18.59M | $11.31M |
Ardmore Shipping Dividends
Explore Ardmore Shipping's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
11.63%
Dividend Payout Ratio
44.27%
Dividend Paid & Capex Coverage Ratio
1.34x
Ardmore Shipping Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.08 | $0.08 | February 28, 2025 | February 28, 2025 | March 14, 2025 | February 13, 2025 |
| $0.18 | $0.18 | November 29, 2024 | November 29, 2024 | December 13, 2024 | November 06, 2024 |
| $0.38 | $0.38 | August 30, 2024 | August 30, 2024 | September 13, 2024 | July 31, 2024 |
| $0.31 | $0.31 | May 31, 2024 | May 31, 2024 | June 14, 2024 | May 08, 2024 |
| $0.21 | $0.21 | February 28, 2024 | February 29, 2024 | March 15, 2024 | February 15, 2024 |
| $0.16 | $0.16 | November 29, 2023 | November 30, 2023 | December 15, 2023 | November 07, 2023 |
| $0.19 | $0.19 | August 30, 2023 | August 31, 2023 | September 15, 2023 | August 01, 2023 |
| $0.35 | $0.35 | May 30, 2023 | May 31, 2023 | June 15, 2023 | May 09, 2023 |
| $0.45 | $0.45 | February 27, 2023 | February 28, 2023 | March 15, 2023 | February 14, 2023 |
| $0.05 | $0.05 | February 20, 2020 | February 21, 2020 | February 28, 2020 | February 11, 2020 |
| $0.11 | $0.11 | August 12, 2016 | August 16, 2016 | August 31, 2016 | August 02, 2016 |
| $0.16 | $0.16 | May 12, 2016 | May 16, 2016 | May 31, 2016 | May 04, 2016 |
| $0.13 | $0.13 | February 10, 2016 | February 15, 2016 | February 29, 2016 | February 09, 2016 |
| $0.31 | $0.31 | November 04, 2015 | November 06, 2015 | November 16, 2015 | October 27, 2015 |
| $0.1 | $0.1 | July 29, 2015 | July 31, 2015 | August 14, 2015 | July 15, 2015 |
| $0.1 | $0.1 | April 28, 2015 | April 30, 2015 | May 15, 2015 | April 15, 2015 |
| $0.1 | $0.1 | January 28, 2015 | January 30, 2015 | February 18, 2015 | January 15, 2015 |
| $0.1 | $0.1 | October 29, 2014 | October 31, 2014 | November 18, 2014 | October 15, 2014 |
| $0.1 | $0.1 | July 29, 2014 | July 31, 2014 | August 14, 2014 | July 15, 2014 |
| $0.1 | $0.1 | April 28, 2014 | April 30, 2014 | May 15, 2014 | April 15, 2014 |
Ardmore Shipping News
Read the latest news about Ardmore Shipping, including recent articles, headlines, and updates.
Asos jumps as Danish billionaire ups stake
Shares in ASOS PLC (LSE:ASC) jumped 13% on Thursday after the online fashion group's largest shareholder, Anders Holch Povlsen, upped his stake to over 28%. In a statement late the previous day, it was revealed that the Danish billionaire had upped his stake, via several vehicles, including his Bestseller retail chain, and two under the name of his father Troels Holch Povlsen, Holch Povlsen Switzerland and Nine United Properties UK.
Is Ardmore Shipping (ASC) a Buy as Wall Street Analysts Look Optimistic?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Ascletis Announces Positive Topline Results of Phase Ib Studies of ASC47 Monotherapy in Australia and U.S. FDA Clearance of IND Application for ASC47 in Combination with Semaglutide
ASC47, an adipose-targeted muscle-preserving weight loss drug candidate for the treatment of obesity, demonstrated a half-life of up to 26 days and 40 days, respectively, in Phase Ib single subcutaneous injection studies in healthy subjects with elevated low-density lipoprotein cholesterol ( LDL-C) and patients with obesity, supporting once-monthly to once-bimonthly administration. ASC47 was safe and well tolerated in both healthy subjects with elevated LDL-C and patients with obesity.
Ardmore Shipping Files 2024 Annual Report on Form 20-F
HAMILTON, Bermuda , March 7, 2025 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") announced today that it has filed its Annual Report on Form 20-F for the year ended December 31, 2024 (the "Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC"). In compliance with the New York Stock Exchange rules, a copy of the Form 20-F can be found in the Investor Relations section of the Company's website, www.ardmoreshipping.com, under SEC Filings.
Ardmore Shipping: Strong Fundamentals, Low Valuation Make It Super Attractive
Ardmore Shipping's Q4-2024 earnings dropped 60% year-on-year due to lower spot day rates, but full-year earnings increased, showcasing resilience. The company has strong fundamentals, including a low cash breakeven rate of $11.5k/day and high liquidity, making it financially robust. Favorable market dynamics, such as rising demand for tankers and limited vessel supply, support Ardmore's potential for future growth.
Ardmore Shipping Corporation (ASC) Q4 2024 Earnings Call Transcript
Ardmore Shipping Corporation (NYSE:ASC ) Q4 2024 Earnings Conference Call February 13, 2025 12:00 PM ET Company Participants Bryan Degnan - The IGB Group Gernot Ruppelt - Chief Executive Officer Bart Kelleher - President and Chief Financial Officer Conference Call Participants Ben Nolan - Stifel Bryan Degnan Alright. Good morning, everyone.
Ardmore Shipping Corporation Announces Financial Results For The Three and Twelve Months Ended December 31, 2024
HAMILTON, Bermuda , Feb. 13, 2025 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and twelve months ended December 31, 2024. Highlights and Recent Activity Reported Adjusted earnings of $10.3 million for the three months ended December 31, 2024, or $0.25 Adjusted earnings per basic share and diluted share, compared to Adjusted earnings of $26.1 million, or $0.63 Adjusted earnings per basic share and diluted share for the three months ended December 31, 2023.
Is It Worth Investing in Ardmore Shipping (ASC) Based on Wall Street's Bullish Views?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
PensionPro Partners With ASC to Enhance Workflow Automation for TPAs
HARRISBURG, Pa.--(BUSINESS WIRE)--AmericanTCS's PensionPro, a provider of workflow automation software for third-party administrators (TPAs), announced it is partnering with Actuarial Systems Corporation (ASC), a provider of innovative and comprehensive retirement plan software. This collaboration aims to provide enhanced tools for TPAs to streamline their day-to-day operations and annual processes, including compliance reporting. An integration between the PensionPro and ASC platforms will fur.
Ardmore Shipping Announces 2025 Investor Day in New York
The Company will present an overview of its strategy and capital allocation framework, along with an in-depth update on key developments and the outlook for the product and chemical tanker market. The February 13, 2025, event will also include the Company's presentation of 4Q 2024 financial results.
Ardmore Shipping: Trading Significantly Below NAV While Day Rates Continue To Advance
ASC's current valuation is superior to its industry peer group, trading at 75% of NAV. I project modest earnings improvement from the Q4 forecast provided during the Q3 conference call as a result of improved day rates during the month of December. The company continues to drive its cash breakeven lower, but management needs to provide an investible longer-term picture for shareholders.
69 Graham Value All-Stars, Of 20 'Safer' Choices, Buy Any Of 14
The Value Score identifies large-cap stocks offering the best value relative to their assets and profits, focusing on low-priced, high-value investments. The Ben Graham Formula targets ultra-stable stocks with strong earnings, dividends, and low valuations, ensuring long-term stability and minimal losses. Analysts forecast significant gains (29.57% to 79.74%) for top-ten GASV stocks by January 2026, highlighting high-yield, low-risk investment opportunities.
Brokers Suggest Investing in Ardmore Shipping (ASC): Read This Before Placing a Bet
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
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