Euroseas (NASDAQ:ESEA) reported lower first-quarter revenue but higher adjusted profitability as the container ship owner highlighted strong fleet utilization, substantial forward charter coverage and an expanded newbuilding program.
Chairman and Chief Executive Officer Aristidis Pittas said the company generated total net revenues of $55.84 million for the first quarter of 2026, with net income of $32.52 million, or $4.65 per diluted share. Adjusted net income was $32.87 million, or $4.70 per diluted share, while adjusted EBITDA was close to $41 million.
