Welcome to our dedicated page for Navios Maritime Holdings news (Ticker: NM), a resource for investors and traders seeking the latest updates and insights on Navios Maritime Holdings stock.
Navios Maritime Holdings Inc. (NYSE: NM) is a prominent player in the maritime industry, focusing on infrastructure and logistics primarily in the Hidrovia region of South America. The company holds significant equity stakes in Navios South American Logistics Inc. and Navios Maritime Partners L.P..
Through its subsidiaries, Navios Maritime Holdings offers comprehensive logistics solutions encompassing marine transportation, port terminal operations, and integrated storage services for petroleum, agricultural, and mining products. This diverse portfolio is supported by a fleet of dry cargo and tanker vessels, ensuring efficient and reliable service for its clients.
In the second quarter of 2023, Navios Logistics reported an EBITDA of $29.9 million, demonstrating its steady performance despite the economic challenges. The company's strategic investments and partnerships continue to bolster its market position, making it a critical infrastructure provider in South America.
Navios Maritime Holdings is also known for its transparent communication with investors, regularly updating them through conference calls and webcasts. The most recent event was scheduled on August 24, 2023, where the Q2 2023 financial results were discussed in detail.
For more information, visit the Navios Holdings website or contact their investor relations at +1-345-232-3067 or +1.212.906.8643.
Navios Maritime Holdings reported a significant 28.4% increase in revenue to $117.0 million for Q1 2021, compared to $91.1 million in Q1 2020. The Adjusted EBITDA rose by 69.1% to $48.6 million. Notably, the company achieved a net income of $0.2 million after a net loss of $53.3 million last year. Time Charter Equivalent rates surged 103.4% to $14,404 per day. Year-to-date, Navios has reduced debt by $71.0 million, indicating a solid financial recovery amidst increasing economic activity.
Navios Maritime Holdings (NYSE:NM) will host a conference call on May 27, 2021, at 8:30 am ET, to discuss its Q1 2021 earnings results for the period ending March 31, 2021. The call will provide insights from senior management, followed by a supplemental slide presentation available on the company's website by 8:00 am ET on the call day. Replay options will be available post-call for one week. Navios, a key player in the shipping and logistics sector, focuses on transporting drybulk commodities.
Navios Maritime Holdings (NYSE: NM) reported a revenue of $416.7 million and an adjusted EBITDA of $153.4 million for FY 2020. In Q4 2020, revenue was $102.4 million with an adjusted EBITDA of $37.6 million. The company faced a net loss of $94.4 million in Q4 2020, despite a $36.2 million debt reduction in Q1 2021. Following a merger with Navios Containers on March 31, 2021, NM also reported challenges in dry bulk revenue and logistics, impacted by adverse weather conditions. However, the company remains optimistic about the market outlook for 2021.
Navios Maritime Holdings Inc. (NYSE: NM) will host a conference call on April 21, 2021, at 8:30 am ET to discuss its Q4 2020 earnings results. The earnings report will be released prior to the call. A supplemental slide presentation will be available on the company's website by 8:00 am ET on the same day. The conference call will allow management to provide important highlights and analyses regarding financial performance. The call can be accessed via US and international dial-ins, and replays will be available for one week after the live event.
Navios South American Logistics Inc. has confidentially submitted a draft Registration Statement on Form F-1 to the SEC for a proposed initial public offering (IPO) of its common stock. The number of shares and price range have not yet been determined, with the IPO expected to occur after SEC review, contingent on market conditions. As a leading logistics provider in South America's Hidrovia region, Navios Logistics offers services in petroleum, agricultural, and mining sectors through various operations.
Navios Maritime Holdings (NYSE: NM) reported Q3 2020 revenue of $126.2 million and adjusted EBITDA of $60.2 million. For the nine months ended September 30, 2020, revenue totaled $314.4 million. Despite a challenging environment due to COVID-19, the company experienced a 13% decrease in average fleet age and an 8% increase in deadweight tonnage capacity. Net loss for Q3 2020 was $10.1 million, but adjusted net income was $2.1 million. The call discussing these results is scheduled for November 23, 2020.
Navios Maritime Holdings (NYSE: NM) will host a conference call on November 23, 2020 at 8:30 am ET to discuss third-quarter and nine-month earnings results. The Company will announce its financial results prior to the call, providing insights into its performance for the period ending September 30, 2020.
A supplemental slide presentation will be accessible on the Company's website by 8:00 am ET on the call day. Interested participants can join via dedicated US and international dial-ins, with a conference ID of 319 2986.
Navios Maritime Holdings reported Q2 2020 revenue of $97.1 million, down 14.4% year-over-year, with a net loss of $35.3 million. The company's Adjusted EBITDA decreased to $27.2 million from $52.8 million in Q2 2019. Revenue from dry bulk vessels fell 27.6% to $38.3 million, attributed to decreased available days and market declines. The logistics segment generated $58.8 million. Net cash from operating activities was $7.0 million. The liquidation of Navios Europe II netted $7.9 million. As of H1 2020, total revenue reached $188.2 million, with a net loss of $88.5 million.
Navios Maritime Holdings (NYSE: NM) announced a conference call on August 20, 2020, at 8:30 am ET to discuss Q2 2020 earnings results. The earnings report will be released prior to the call. A supplemental slide presentation will be available on their website by 8:00 am ET on the call date. The live call will also be accessible via Webcast and will have a replay available for one week after. Navios Holdings specializes in the transport of dry bulk commodities such as iron ore, coal, and grain.
Navios South American Logistics has successfully completed the sale of $500 million in 10.750% Senior Secured Notes due 2025. The offering, aimed at qualified institutional buyers in the U.S. and non-U.S. persons offshore, will utilize net proceeds to discharge existing 7.25% Senior Notes due 2022, repay Term Loan B Facility, and cover offering expenses. The company operates in the Hidrovia region, addressing logistics needs for petroleum, agricultural, and mining sectors.
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