Costamare Inc (STU:LCM)
ā‚¬ 13.48 0.04 (0.3%) Market Cap: 1.59 Bil Enterprise Value: 3.16 Bil PE Ratio: 5.68 PB Ratio: 0.70 GF Score: 89/100
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Q2 2022 Costamare Inc Earnings Call Transcript

Jul 28, 2022 / 02:00PM GMT
Release Date Price: ā‚¬11.4 (+2.20%)
Operator

Thank you for standing by, ladies and gentlemen, and welcome to the Costamare Inc. Conference Call on the Second Quarter 2022 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, Thursday, July 28, 2022.

We would 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 to your speaker today, Mr. Zikos. Please go ahead, sir.

Gregory G. Zikos
Costamare Inc. - CFO & Director

Thank you, and good morning, ladies and gentlemen. During the second quarter, revenues reached approximately $290 million and adjusted net income more than doubled to $119 million compared to $58 million for the same period of last year. As of quarter end, cash balances stood at around $700 million and total liquidity, including undrawn credit lines, was above $850 million.

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