Safe Bulkers Inc (NYSE:SB)

Q1 2025 Safe Bulkers Inc Earnings Call Transcript

May 20, 2025 / 02:00 PM GMT

Release Date Price: $3.83 (+3.23%)

Transcript

Key Points

Positve

Safe Bulkers Inc (SB) maintained a strong balance sheet with ample liquidity and a leverage of about 37%.
The company completed a repurchase program of roughly 3% of its common stock, indicating confidence in its valuation.
Declared a $0.05 per share dividend, marking the 14th consecutive quarterly dividend, representing a 5.5% dividend yield.
Safe Bulkers Inc (SB) has a young, technologically advanced fleet with a focus on energy efficiency and environmental performance.
The company has a significant order book of six new builds, positioning it favorably for future growth and compliance with environmental regulations.

Negative

Safe Bulkers Inc (SB) faced a weaker capital market environment, leading to decreased revenue and earnings from cargo-fitted vessels.
Operating expenses increased, impacting overall profitability.
The dry bulk fleet is projected to grow faster than demand, potentially putting pressure on freight rates.
The company reported a decrease in adjusted EBITDA and earnings per share compared to the same period in 2024.
Market conditions, including geopolitical uncertainties and tariffs, pose risks to global trade and growth, affecting the company's outlook.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SB.N - Safe Bulkers Inc
Q1 2025 Safe Bulkers Inc Earnings Call
May 20, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by, ladies and gentlemen, and welcome to the Safe Bers conference call on the first quarter of 2025 financial results.

We have with us Mr. Pallis Hajau, Chairman and Chief Executive Officer, Doctor Lucas Pampas, President, and Mr. Konstantinos Aomopoulos, Chief Financial Officer of the company.

At this time, all participants are in listening mode.

There will be a presentation followed by a question and answer session, at which time, if you wish to ask a question, please press one on your telephone keypad and wait for your name to be announced.

Following this conference call, if you need any further information on the conference call or on the presentation, please contact Capital Link

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