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Last $0.95 USD
Change Today +0.0486 / 5.40%
Volume 72.2K
TEU On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

box ships inc (TEU) Key Developments

Box Ships Inc. Announces Executive Changes

Box Ships Inc. announced that its board of directors has appointed Mr. Michael Bodouroglou, chairman, president and chief executive officer of the company, to act as Interim chief financial officer of the company. This follows the departure of Mr. Robert Perri, chief financial officer, from the company, effective March 24, 2015. The company will look for a permanent replacement.

Box Ships Inc. Declares Cash Payment on 9.00% Series C Cumulative Redeemable Perpetual Preferred Shares for the Period from January 1, 2015 Through March 31, 2015, Payable on April 1, 2015

Box Ships Inc. announced that its Board of Directors declared a cash payment of $0.5625 per share on its 9.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") for the period from January 1, 2015 through March 31, 2015. The payment will be made on April 1, 2015 to all holders of Series C Preferred Shares of record as of March 31, 2015. The Company has 916,333 Series C Preferred Shares outstanding as of the date of this Report. The payment dates for the Series C Preferred Shares are January 1, April 1, July 1 and October 1 of each year.

Box Ships Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Box Ships Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenues of $11,695,000 compared to $16,891,000 a year ago. Operating loss was $727,000 compared to operating income of $5,008,000 a year ago. Net loss was $2,182,000 or $0.09 basic and diluted per share compared to net income of $3,016,000 or $0.10 diluted per share a year ago. Adjusted EBITDA was $5,085,000 compared to $10,952,000 a year ago. Adjusted net loss was $330,000 or $0.03 basic and diluted per share compared to adjusted net income of $5,160,000 or $0.19 basic and diluted per share a year ago. EBITDA was $3,233,000 against $8,808,000 a year ago. The company reported net revenues for the fourth quarter of 2014 of $11.7 million, a decrease of 31% compared to $16.9 million in the fourth quarter of 2013. This decrease is mainly due to the re-chartering of Box Queen, CMA CGM Kingfish, CMA CGM Marlin and MSC Emma in 2014 at lower rates compared to 2013. For the year, the company reported net revenues of $49,865,000 compared to $69,836,000 a year ago. Operating income was $1,967,000 compared to $23,631,000 a year ago. Net income was $2,623,000 or $0.02 diluted per share compared to $15,308,000 or $0.46 diluted per share a year ago. Adjusted EBITDA was $25,220,000 compared to $47,209,000 a year ago. Adjusted net income was $3,022,000 or $0.03 per diluted share compared to $23,778,000 or $0.84 per diluted share a year ago. Net cash from operating activities was $19,822,000 compared to $38,197,000 a year ago. EBITDA was $24,821,000 against $38,739,000 a year ago.

Box Ships Inc. to Report Q4, 2014 Results on Mar 04, 2015

Box Ships Inc. announced that they will report Q4, 2014 results at 5:00 PM, GTB Standard Time on Mar 04, 2015

Box Ships Inc., Q4 2014 Earnings Call, Mar 05, 2015

Box Ships Inc., Q4 2014 Earnings Call, Mar 05, 2015

 

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Industry Analysis

TEU

Industry Average

Valuation TEU Industry Range
Price/Earnings 46.9x
Price/Sales 0.5x
Price/Book 0.1x
Price/Cash Flow 1.6x
TEV/Sales NM Not Meaningful
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