d'Amico International Shipping S.A. Q1 2026 Earnings Recap

DIS.MI Q1 2026 May 9, 2026

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Shares rallied 13.7% following the quarter, driven by substantially stronger-than-expected spot rates and solid contract coverage that underpin a notably improved earnings outlook.

Earnings Per Share Beat

$0.20 vs $0.18 est.

+9.0% surprise

Revenue Beat

58682500 vs 57691710 est.

+1.7% surprise

Market Reaction

1-Day +1.43%

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Key Takeaways

Achieved a Q1 net profit of $27.5 million (adjusted $26.8 million), up significantly from $19.2 million in Q1 2025, with a 50.5% income margin.
Daily spot rate surged to $32,264 in Q1, 53% higher year-over-year and 90% higher than Q4 2025, supporting strong revenue.
Contract coverage for Q2 stands at 81% with a blended TCE above $33,000/day, suggesting an "extremely profitable quarter" ahead.
Fleet size adjusted to 28 vessels post-sale; 10 newbuilds under construction to increase capacity to ~35 vessels by 2029.
Net financial position remains healthy at $25.8 million net debt versus $1.2 billion fleet market value, maintaining a low leverage ratio of 2%.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit DIS.MI on AllInvestView.