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Overseas Shipholding Group Inc.
Previous close
$6.38
Day range
$6.30 - $6.43
Year range
$3.59 - $6.74
Market cap
453.30M USD
Avg Volume
263.93K
P/E ratio
8.22
Dividend yield
1.90%
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Revenue | 116.02M | -4.71% |
Operating expense | 22.98M | -0.30% |
Net income | 20.42M | 102.49% |
Net profit margin | 17.60 | 112.56% |
Earnings per share | — | — |
EBITDA | 39.40M | 12.52% |
Effective tax rate | 3.72% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Cash and short-term investments | 91.16M | 15.78% |
Total assets | 1.08B | -5.28% |
Total liabilities | 724.83M | -9.33% |
Total equity | 354.05M | — |
Shares outstanding | 70.95M | — |
Price to book | 1.28 | — |
Return on assets | 6.30% | — |
Return on capital | 7.27% | — |
Cash Flow
Net change in cash
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Net income | 20.42M | 102.49% |
Cash from operations | 19.91M | -37.09% |
Cash from investing | -28.20M | -1,436.57% |
Cash from financing | -13.05M | 47.28% |
Net change in cash | -21.34M | -522.59% |
Free cash flow | 10.28M | -77.47% |
About
Overseas Shipholding Group is the operator of a fleet of twenty-four oil tankers and oil tug-barges. It is based in Tampa, Florida, United States, and was founded in 1948.
In 1969, under the leadership of Raphael Recanati, OSG began acquiring tanker ships to transport oil from Alaska to the lower 48 U.S. states.
In the 1990s, OSG began to acquire luxury cruise liners. In 1995, the cruise ships resulted in losses of over $12 million to OSG. As a result of the losses, Michael Recanati, the son of Raphael Recanati, was reported to have been forced to leave OSG.
OSG has offices in Tampa, Florida and Newark, Delaware with nearly 900 sea and shore-based employees.
The company filed for Chapter 11 bankruptcy in 2012 after the SEC accused CEO Morten Arntzen and CFO Miles Itkin of falsifying financial statements. In 2017, the company paid a $75,000 fine to the SEC to settle the securities fraud allegations. Former CFO Miles Itkin also paid a separate $75,000 fine. The executives were sued by OSG and agreed to pay a $16.25 million settlement in 2015. Wikipedia
Founded
1948
Headquarters
Website
Employees
1,078