Eagle Bulk Shipping Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 101.41 million compared to USD 198.7 million a year ago. Net income was USD 18.03 million compared to USD 94.45 million a year ago. Basic earnings per share from continuing operations was USD 1.42 compared to USD 7.27 a year ago. Diluted earnings per share from continuing operations was USD 1.21 compared to USD 5.77 a year ago.
For the six months, sales was USD 206.6 million compared to USD 383.09 million a year ago. Net income was USD 21.23 million compared to USD 147.53 million a year ago. Basic earnings per share from continuing operations was USD 1.65 compared to USD 11.36 a year ago. Diluted earnings per share from continuing operations was USD 1.48 compared to USD 9.01 a year ago.