Euroseas reported first-quarter net income of $32.5 million, down from $36.9 million a year ago, while EPS declined to $4.65 from $5.29. Adjusted EBITDA rose to $40.9 million from $37.1 million, indicating a mixed quarterly result with weaker bottom-line profit but improved operating cash generation.
Euroseas reported first-quarter net income of $32.5 million, down from $36.9 million a year ago, while EPS declined to $4.65 from $5.29. Adjusted EBITDA rose to $40.9 million from $37.1 million, indicating a mixed quarterly result with weaker bottom-line profit but improved operating cash generation.
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