Safe Bulkers

Safe Bulkers, Inc. provides international marine drybulk transportation services. The firm offers transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world's largest users of marine drybulk transportation services. The company was founded on December 11, 2007 and is headquartered in Les Acanthes, Monaco.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Safe Bulkers reports stable Q1 earnings amidst market challenges

Safe Bulkers delivered solid financial performance in Q1 2023, emphasizing stability and profitability. The company faces challenges in the aging fleet and uncertain newbuild market but remains focused on sustainable fleet strategies. Opportunities lie in market recovery, global demand growth, and strategic investments in scrubbers and fleet expansion.

Safe Bulkers adapts to market challenges, emphasizes sustainability initiatives

Safe Bulkers navigated a challenging market environment in Q2 2023, focusing on financial stability, operational efficiency, and strategic investments.
The company's strong liquidity, capital structure, and contracted revenues provide a solid foundation for growth and adaptation to industry changes.
While facing market volatility and economic uncertainties, Safe Bulkers remains resilient, emphasizing environmental upgrades and seizing opportunities for expansion.

Safe Bulkers reports Q3 decline, eyes growth amid economic challenges

Safe Bulkers navigated Q3 2023 with resilience amid global economic uncertainties, reporting lower adjusted EBITDA but increased contracted revenue.
The company's strategic focus on environmental competitiveness and shareholder value distribution strengthens its position in the market.
While facing challenges from economic headwinds, Safe Bulkers maintains financial stability and eyes growth opportunities in the drybulk sector.

Safe Bulkers reports strong Q4 performance amidst market opportunities

Safe Bulkers' Q4 2023 earnings call highlighted solid financial performance, market insights, and global economic projections.
The company's strengths lie in strong liquidity, operational efficiency, and strategic financial planning for future growth.
Challenges include market volatility, regulatory uncertainties, and strategic decision-making amidst changing economic conditions.
Opportunities for Safe Bulkers include leveraging its financial strength for growth initiatives and capitalizing on positive market conditions.

Safe Bulkers reports strong Q1 performance and eyes growth opportunities

Safe Bulkers' Q1 2024 earnings call showcased a strong performance, emphasizing fleet modernization and market updates. The company faces challenges in optimizing capital allocation and managing operating expenses but has opportunities for growth through fleet renewal and market exploration.

Safe Bulkers reports strong Q2 earnings, eyes sustainability initiatives

Safe Bulkers delivered a strong performance in Q2 2024 with increased revenues and solid liquidity.
The company's focus on sustainability and fleet upgrades positions it well for long-term success.
Challenges in investing in Capesize vessels and market dynamics require careful navigation for future growth.

Safe Bulkers reports resilient Q3 performance amidst market challenges

Safe Bulkers navigated market challenges well in Q3, leveraging its strong fleet and financial position. While facing uncertainties, the company remains well-positioned for growth and compliance with environmental standards.

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Safe Bulkers (SB) delivered earnings and revenue surprises of 100.00% and 2.52%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Safe Bulkers (SB) Reports Break-Even Earnings for Q3

Shares of Safe Bulkers (NYSE:SB) increased 9.7% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share decreased 100.00% year over year to ($0.00), which beat the estimate of ($0.04).

Recap: Safe Bulkers Q3 Earnings

MONACO, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and nine months period ended September 30, 2020.

Safe Bulkers, Inc. Reports Third Quarter and Nine Months 2020 Results

Earnings Release: Wednesday, November 11, 2020, After Market Closes

Safe Bulkers, Inc. Sets Date for Third Quarter 2020 Results, Conference Call and Webcast

Safe Bulkers (SB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Safe Bulkers (SB) to Report a Decline in Earnings: What to Look Out for

MONACO, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared:

Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares.

Safe Bulkers is a conservative and well run shipping company with very strong insider ownership and support. The CEO and his family own just under 50% of the common stock.

Safe Bulkers: Best To Stick With The Preferred Shares

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Dry cargo shipping is a highly fragmented, commodity-type business with little differentiation between ships of similar type, size, or age.

Survey Of Operating Costs In Dry Cargo Shipping

MONACO, Aug.  10, 2020  (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has filed a prospectus supplement with the Securities and Exchange Commission (“SEC”), under which it may offer and sell shares of its common stock (“Shares”) having an aggregate offering price of up to $23,500,000 from time to time through an “at-the-market” equity offering program (the ATM Program”).  The timing of any sales will depend on a variety of factors to be determined by the Company. 

Safe Bulkers, Inc. Announces At-The-Market Equity Offering Program

MONACO, Aug.  06, 2020  (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers” or the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced that its Board of Directors has unanimously adopted a shareholders rights plan (the “Rights Plan”), as the previously existing rights plan had expired, following careful consideration of the uncertainties related to the long term impact on global trade and dry-bulk shipping of the 2019 Novel Coronavirus pandemic, the cyclicality of the dry-bulk shipping market, the need to promote the fair and equal treatment of all shareholders of the Company and to provide the Board and shareholders with adequate time to make informed decisions and ensure that the Board remains in the best position to discharge its fiduciary duties to the Company and its shareholders. The Board of Directors declared a dividend of one right for each outstanding share of Safe Bulkers common stock. The dividend is payable on August 20, 2020 to the shareholders of record on August 17, 2020. The rights will be traded with the shares of Safe Bulkers’ common stock and will become exercisable for Safe Bulkers common stock only if a person or group acquires beneficial ownership of 10% or more of Safe Bulkers’ common stock. The Rights Plan expires on August 5, 2030, and the Board of Directors may terminate the Rights Plan at any time if it no longer believes that the Rights Plan is in the best interests of the Company and its shareholders.

Safe Bulkers, Inc. Adopts Shareholders Rights Plan

Safe Bulkers' (SB) Management Team on Q2 2020 Results - Earnings Call Transcript

Safe Bulkers (SB) delivered earnings and revenue surprises of -33.33% and -13.85%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Safe Bulkers (SB) Reports Q2 Loss, Lags Revenue Estimates

MONACO, Aug.  04, 2020  (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six months period ended June 30, 2020.

Safe Bulkers, Inc. Reports Second Quarter and Six Months 2020 Results

MONACO, Aug.  03, 2020  (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced the election of two Class III directors at the Company’s annual meeting of stockholders held in Greece today.

Safe Bulkers, Inc. Announces Results of 2020 Annual Meeting of Stockholders

Earnings Release: Tuesday, August 4, 2020, After Market Closes

Safe Bulkers, Inc. Sets Date for Second Quarter 2020 Results, Conference Call and Webcast

Safe Bulkers, Inc.'s (SB) CEO Polys Hajioannou on Q1 2020 Results - Earnings Call Transcript

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Safe Bulkers (SB) delivered earnings and revenue surprises of -8.33% and -4.22%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Safe Bulkers (SB) Reports Q1 Loss, Misses Revenue Estimates

MONACO, June  08, 2020  (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three months period ended March 31, 2020.

Safe Bulkers, Inc. Reports First Quarter 2020 Results

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Global Shipping: Tankers Winning As Uncertainty Abounds

MONACO, March  25, 2020  (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced that it has filed its 2019 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (the “SEC”).

Safe Bulkers, Inc. Announces Filing of 2019 Annual Report on Form 20-F

MONACO, March  19, 2020  (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has authorized the expansion of the previously announced share repurchase program with respect to 5,000,000 shares to 6,500,000 shares of the Company’s common stock. As of March 16, 2020, the Company has repurchased 3,093,035 shares of the Company’s common stock under the pre-existing share repurchase program and 3,406,965 shares of the Company’s common stock remain available for repurchase under the expanded share repurchase program. If the maximum number of shares of the Company’s common stock are purchased pursuant to the repurchase program, it would represent approximately 3.3% of the shares of the Company’s outstanding common stock and 6.6% of its public float.

Safe Bulkers, Inc. Announces Expansion of Common Stock Repurchase Program and Adoption of Preferred Stock Repurchase Program

Safe Bulkers (SB) delivered earnings and revenue surprises of -80.00% and -4.60%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Safe Bulkers (SB) Misses Q4 Earnings and Revenue Estimates

MONACO, Jan.  16, 2020  (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company has entered into sale and leaseback agreements with respect to eight vessels.  The proceeds from the sale and leaseback agreements are being used to refinance loan facilities of $105.2 million with terms expiring between 2023 and 2025 and for general corporate purposes.

News for Safe Bulkers Stock (SB)