Navigator’s profit more than doubles on vessel sales, but adjusted EBITDA slips (NYSE: NVGS)
What happened Navigator Holdings Ltd. (NYSE: NVGS) earned $78.3 million in third-quarter net income attributable to stockholders, mainly from profit on vessel sales. A year earlier it earned $33.2 million. Adjusted EBITDA, which leaves out vessel-sale profit, fell to $67.8 million from $76.5 million. The company blamed lower time-charter revenue, partly offset by lower vessel […]
4 Nov 03:15 · The Markets Daily