Navios Maritime Holdings Inc. Reports Financial Results for the Second Quarter and Six Months Ended

  • Net Income
    • $24.9 million net income in Q2 2021
    • $25.1 million net income in H1 2021
  • Revenue
    • 47.9% increase to $143.6 million in Q2 2021
    • 38.4% increase to $260.6 million in H1 2021
  • Cash from operating activities
    • $26.0 million cash provided by operating activities in Q2 2021
    • $1.4 million cash used in operating activities in H1 2021
  • Adjusted EBITDA
    • 216.1% increase to $85.9 million in Q2 2021
    • 141.6% increase to $135.1 million in H1 2021
  • Time Charter Equivalent
    • $21,572 per day in Q2 2021 compared to $7,827 per day in Q2 2020
    • $17,862 per day in H1 2021 compared to $7,451 per day in H1 2020
  • $251.4 million or 22.4% debt reduction YTD
    • $100.0 million redemption of 11.25% Senior Secured Notes
    • Maturity of 11.25% Senior Secured Notes extended to August 2022
  • $153.2 million proceeds from vessel sales YTD

GRAND CAYMAN, Cayman Islands, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM), a global seaborne shipping and logistics company, today reported financial results for the second quarter and six months ended June 30, 2021.

Angeliki Frangou, Chairman and Chief Executive Officer, stated, “I am pleased with the results for the second quarter of 2021. In the second quarter, Navios Holdings reported revenue of $143.6 million, Adjusted EBITDA of $85.9 million and Adjusted Net Income of $30.3 million.”

Angeliki Frangou, continued, “The dry bulk market is strong, supported b....

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