Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $0.53 USD
Change Today +0.0068 / 1.31%
Volume 2.0M
DRYS On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

dryships inc (DRYS) Key Developments

DryShips, Inc. Appoints Ernst &Young (Hellas) Certified Auditors Accountants S.A., as the Independent Auditors for the Fiscal Year Ending December 31, 2015

DryShips, Inc. has approved appointment of Ernst &Young (Hellas) Certified Auditors Accountants S.A., as the company's independent auditors for the fiscal year ending December 31, 2015 at the 2015 annual general meeting of the share holders.

DryShips, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Impairment Charge for the First Quarter Ended March 31, 2015; Expects to Increase its Fleet in 2015

DryShips, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $492.1 million compared with revenue was $457.5 million a year ago. Loss before income taxes was $23.200 million against $26.337 million a year ago. Net loss attributable to the company was $59.157 million or $0.09 per basic and diluted share compared with $34.551 million or $0.08 per basic and diluted share a year ago. Adjusted net loss was $2.6 million or $0.04 per share. The main reasons for this result are positive contributions to the bottom line from company's drilling rig and Tanker segments, as offset by losses from the Drybulk segment. Adjusted EBITDA was approximately $0.25 billion. Net cash provided by operating activities was $35.048 million against $35.417 million a year ago. Operating income was $64,897,000 against $90,793,000 a year ago. The company made payments of $39.4 million for advances for vessels and drilling units under construction and $452.2 million for vessels, drilling rigs and drill ships acquisitions and improvements. Drilling rigs acquisitions, improvements and other fixed assets was $452,208,000 against $404,829,000 a year ago. Advances for vessel acquisitions/drill ships under construction was $39,411,000 against $9,301,000 a year ago. For the quarter, the company reported one-time impairment charge on the sale of company's entire Tanker segment of $56.631 million. More specifically, the Capesize fleet is expected to increase by 3.5% in 2015, with Panamax and Supramax fleets increasing by 3.2% and 6.7%, respectively. Total Drybulk fleet compound annual growth rate is estimated to increase by approximately 4% year-on-year during 2015. Suezmax fleet expected to increase by just 0.8% during 2015 and the Aframax fleet expected to increase by only 3% over the same period.

DryShips, Inc. to Report Q1, 2015 Results on May 11, 2015

DryShips, Inc. announced that they will report Q1, 2015 results After-Market on May 11, 2015

DryShips, Inc., Q1 2015 Earnings Call, May 12, 2015

DryShips, Inc., Q1 2015 Earnings Call, May 12, 2015

DryShips, Inc., Annual General Meeting, Jun 15, 2015

DryShips, Inc., Annual General Meeting, Jun 15, 2015., at 12:00 E. Europe Standard Time. Location: 109 Kifisias Avenue & Sina Street.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DRYS:US $0.53 USD +0.0068

DRYS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Danaos Corp $6.03 USD -0.02
Diana Shipping Inc $7.55 USD 0.00
Eagle Bulk Shipping Inc $8.64 USD +0.67
International Shipholding Corp $5.01 USD -0.04
Safe Bulkers Inc $3.44 USD -0.17
View Industry Companies
 

Industry Analysis

DRYS

Industry Average

Valuation DRYS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.1x
Price/Cash Flow 0.9x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DRYSHIPS INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.