CMDB

This article first appeared on GuruFocus. Release Date: May 13, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Costamare Bulkers Holdings Ltd (NYSE:CMDB) generated an adjusted net income of $12.4 million in the first quarter. The company successfully transferred a majority of its legacy trading portfolio, reducing its balance sheet risk. CMDB concluded the sale of a 2011-built Capesize vessel and acquired a 2018-built Ultramax, aligning with its fleet renewal strategy. The company accepted delivery of a newbuilding Kamsarmax, chartered for a minimum of five years at profitable rates. Charter rates strengthened during Q1 2026, with further upside momentum since April, indicating a positive market environment. The market exhibited elevated volatility and political instability, contributing to uncertainty. The closure of the Strait of Hormuz reduced Persian Gulf export volumes by approximately 50%, impacting the Supramax segment. Despite the positive net income, total costs exceeded debt by approximately $127 million by the end of Q1. The company's operating platform is currently focused on the Kamsarmax segment, which may limit diversification. Only one vessel remains to be novated in the transfer of the credit book to Cargill, indicating incomplete derisking. Warning! GuruFocus has detected 3 Warning Sign with CMDB. Is CMDB fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an overview of Costamare Bulkers' financial performance for Q1 2026? A: Gregory Zikos, Chief Executive Officer, reported that Costamare Bulkers generated an adjusted net income of $12.4 million for the first quarter. The company has successfully transferred a majority of its legacy trading portfolio, decreasing its balance sheet, and expects to be free of main legacy trades by year-end. Q: What strategic moves has Costamare Bulkers made regarding its fleet? A: The company concluded the sale of a 2011-built Capesize vessel and acquired a 2018-built Ultramax. Additionally, they accepted delivery of a newbuilding Kamsarmax, chartered for a minimum of five years, and have chartered it out at a profitable rate for at least 11 months. Q: How is the market environment affecting Costamare Bulkers? A: The market exhibited elevated volatility due to increased activity and inefficiencies, with political instabili...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. The company successfully transferred the majority of its legacy trading portfolio to Cargill, a move designed to significantly derisk the balance sheet. Management is executing a fleet renewal strategy focused on younger, more efficient tonnage, exemplified by the sale of a 2011-built Capesize and the acquisition of a 2018-built Ultramax. A net cash positive position of approximately $127 million provides the company with the flexibility to pursue countercyclical growth in a lower asset value environment. Capesize earnings were bolstered by robust iron ore and bauxite volumes, with ton-mile demand specifically supported by expanding West Africa-to-China trade flows. The Panamax segment benefited from a record Brazilian soybean harvest and a late-2025 U.S.-China agreement that stimulated long-haul shipments. Supramax performance remained solid as grain and minor bulk flows offset a roughly 50% reduction in Persian Gulf export volumes caused by the Strait of Hormuz closure. The current operating platform has shifted focus toward the Kamsarmax segment, currently managing 20 third-party-owned dry bulk vessels. Management expects the trading platform to be entirely free of remaining legacy trades by the end of the year. The company anticipates the delivery of an additional newbuilding Kamsarmax under a long-term chartering agreement featuring extension and purchase options. Most of the owned fleet is currently employed on index-linked period charter agreements, providing management the strategic option to convert to fixed rates if market conditions warrant. The new vessel order book stands at 13.5%, which management monitors as a key indicator for future supply-side dynamics. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. The sale of a 2011-built Capesize vessel resulted in capital gains of approximately $7 million. Geopolitical instability, specifically the closure of the Strait of Hormuz, acted as a significant headwind for Persian Gulf export volumes during the quarter. Elevated market volatility during the first four months of the year was attributed to increased activity and operational inefficiencies.

MONACO, May 13, 2026 (GLOBE NEWSWIRE) -- Costamare Bulkers Holdings Limited (“Costamare Bulkers” or the “Company”) (NYSE: CMDB) today reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”). Financial Highlights1 and Operational Updates I. PROFITABILITY - LIQUIDITY - DEBT Q1 2026 Net Income of $9.9 million ($0.41 earnings per share). Q1 2026 Adjusted Net Income2 of $12.4 million ($0.51 earnings per share). Q1 2026 liquidity of $353.3 million3. Cash4 exceeding Debt5 by $127.2 million as of the end of Q1 2026. II. FLEET RENEWAL Vessel Acquisition Conclusion of the purchase of the 2018-built, 60,297 DWT capacity dry bulk vessel, Astros (ex. Koushun)6. Long-term Charter-in Agreements Delivery of the newbuild, 81,800 DWT capacity dry bulk vessel, Hermes Century: Minimum tenor of charter-in period of 5 years. Company retains extension options and purchase options for the tenor of the charter-in period. Vessel has been time-chartered out for a period of approximately one year at a rate generating a daily gross profit of approximately $3,600. Agreement to charter-in an additional newbuild Kamsarmax vessel under a long‑term period charter with extension and purchase options upon delivery (expected Q2 2027–Q1 2028). Vessel Disposals Conclusion of the sale of the 2011-built, 180,643 DWT capacity dry bulk vessel, Miracle, resulting in capital gains of approximately $7.0 million. _______________ 1 This earnings release focuses on the financial results and management’s discussion and analysis of Costamare Bulkers for the three-month period ended March 31, 2026. Costamare Bulkers had nominal operations during the corresponding period in 2025 and remained a wholly owned subsidiary of Costamare Inc. (“Costamare”), a New York Stock Exchange (“NYSE”) listed company, until May 6, 2025, when it became an independent publicly traded company listed on the NYSE through a spin-off from Costamare. Accordingly, no comparative figures are presented for the three-month period ended March 31, 2025. 2 Adjusted Net Income and respective per share figures are non-GAAP measures and should not be used in isolation or as substitutes for Costamare Bulkers financial results presented in accordance with U.S. generally accepted accounting principles (“GAAP”). For the definition and reconciliation of these measures to the most directly comparable financial measur...

Earnings Release: Wednesday, May 13, 2026, Before Market Opens Conference Call and Webcast: Wednesday, May 13, 2026, at 8:30 a.m. ET MONACO, May 08, 2026 (GLOBE NEWSWIRE) -- Costamare Bulkers Holdings Limited (NYSE:CMDB) (“Costamare Bulkers” or the “Company”), announced today that it will release its results for the first quarter ended March 31, 2026 before the market opens in New York on May 13, 2026. Conference Call Details: On Wednesday, May 13, 2026 at 8:30 a.m. ET, Costamare Bulkers’ management team will hold a conference call to discuss the financial results. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-844-887-9405 (from the US) or +1-412-317-9258 (from outside the US). Please quote "Costamare Bulkers". A replay of the conference call will be available until May 20, 2026. The United States replay number is +1-855-669-9658; the standard international replay number is +1-412-317-0088; and the access code required for the replay is: 1424684. Live Webcast: There will also be a simultaneous live webcast over the Internet, through the Costamare Bulkers website (www.costamarebulkers.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. About Costamare Bulkers Holdings Limited Costamare Bulkers Holdings Limited is an international owner and operator of dry bulk vessels. Costamare Bulkers’ owned dry bulk fleet consists of 31 vessels with a total carrying capacity of approximately 2,846,000 DWT (including one vessel that we have agreed to sell and one vessel that we have agreed to acquire). Costamare Bulkers also owns a dry bulk operating platform (CBI) which charters in/out dry bulk vessels, enters into contracts of affreightment, forward freight agreements and may also utilize hedging solutions. Costamare Bulkers’ common stock trades on the New York Stock Exchange under the symbol “CMDB”. Forward-Looking Statements This press release contains “forward-looking statements”. In some cases, you can identify these statements by forward-looking words such as “believe”, “intend”, “anticipate”, “estimate”, “project”, “forecast”, “plan”, “potential”, “may”, “should”, “could”, “expect” and similar expressions. You should not place undue reliance on these statements. These statements are not historical facts but instead represent only...

MONACO, April 29, 2026 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”). I. PROFITABILITY AND LIQUIDITY Q1 2026 Adjusted Net Income from Continuing operations1 available to common stockholders2 of $76.0 million ($0.63 per share). Q1 2026 Net Income from Continuing operations1 available to common stockholders of $75.3 million ($0.62 per share). Q1 2026 liquidity of $644.4 million3. II. COMMON DIVIDEND INCREASE Management of the Company announced that it will recommend to the Board of Directors the approval of a dividend increase, beginning with the second quarter of 2026, increasing the quarterly dividend from $0.115 to $0.125 per common share4. III. ENTERED INTO 16 SHIPBUILDING CONTRACTS BACKED WITH LONG TERM CHARTERS – INCREMENTAL CONTRACTED REVENUES OF $2.8 BILLION - CONCLUDED FINANCING ON A PRE-POST DELIVERY BASIS FOR ALL 16 VESSELS5 (A) 12x 9,200 TEU NEWBUILDS Vessels expected to be delivered between Q3 2028 and Q2 2030. Each vessel will commence a 15-year time charter upon delivery with COSCO. Pre- and post- delivery financing for a tenor of 15 years has been arranged for all 12 newbuilds. (B) 4x 3,100 TEU NEWBUILDS Vessels expected to be delivered between Q4 2027 and Q4 2028. Each vessel will commence an 8-year time charter upon delivery with COSCO. Pre- and post- delivery financing for a tenor of 8 years has been arranged for all four newbuilds. The 16 newbuilds contribute approximately $2.8 billion in contracted revenues and extend our TEU-weighted fleet employment duration by 1.8 years. ________________ 1 Discontinued operations - Costamare Bulkers Holdings Limited Spin-Off: On May 6, 2025, Costamare completed the spin-off of its dry bulk business (consisting of its dry bulk owned fleet and its dry bulk operating platform, Costamare Bulkers Inc. (“CBI”)) into a standalone public company, Costamare Bulkers Holdings Limited (NYSE: CMDB). Accordingly, the results of the dry bulk business are presented as discontinued operations in the Company’s consolidated financial statements for all relevant periods presented. Discontinued operations for the three-month period ended March 31, 2025, include the results of the dry bulk business. There are no results of discontinued operations for the three-month period ended March 31, 2026. A...

This article first appeared on GuruFocus. Release Date: February 20, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Costamare Bulkers Holdings Ltd (NYSE:CMDB) has entered into a cooperation agreement with CAIL, which includes the disposal of the company's trading portfolio, potentially streamlining operations. The company reported total capital gains of approximately $7.7 million from vessel sales, indicating profitable asset management. Charter rates have strengthened and remain at healthy levels, suggesting a favorable market environment for the company's operations. The company has agreed to acquire a 2018-built Ultra Max vessel, which aligns with its fleet renewal strategy and could enhance operational efficiency. Most of the fleet is employed on index-linked period agreements with the option to convert to fixed rates, providing flexibility in revenue management. Costamare Bulkers Holdings Ltd (NYSE:CMDB) reported an adjusted net loss of $1.7 million for the quarter, indicating financial challenges. The company is in a negative net debt position, with total debt exceeding cash reserves by approximately $70 million. Legacy positions and electric positions not included in the Carg transaction continue to affect the company's financial results. The fleet's average age is approximately 13 years, which may imply higher maintenance costs and potential inefficiencies. Five Cape-sized vessels are expected to be redelivered within the current year, which could impact future revenue streams. Warning! GuruFocus has detected 3 Warning Sign with CMDB. Is CMDB fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an overview of Costamare Bulkers Holdings Ltd's financial performance for the quarter? A: Gregory Zicos, CEO: During the second quarter as an independent listed entity, Costamare Bulkers Holdings Ltd reported an adjusted net loss of $1.7 million. This was influenced by legacy positions and electric positions not included in the Carg transaction. The company is in a net debt negative position, owning a fleet of 31 vessels with an average age of approximately 13 years. Q: What strategic actions has the company taken recently? A: Gregory Zicos, CEO: We entered into a cooperation agreement with CAIL, which included the disposal of the company's trading portfolio. Additionally, w...

MONACO, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Costamare Bulkers Holdings Limited (“Costamare Bulkers” or the “Company”) (NYSE: CMDB) today reported unaudited financial results for the fourth quarter (“Q4 2025”) and year ended December 31, 2025. This earnings release focuses on the financial results and management’s discussion and analysis for the three-month period ended December 31, 2025, reflecting the Company’s performance during its second full quarter as an independent, publicly traded company. Costamare Bulkers had no operating activity during the year ended December 31, 2024 and remained a wholly-owned subsidiary of Costamare Inc. (“Costamare”), a New York Stock Exchange (“NYSE”) listed company, until May 6, 2025, when it became an independent, publicly traded company on NYSE through a spin-off from Costamare. Costamare Bulkers had nominal operations from January 1, 2025 until late March 2025, when Costamare transferred to it the entities engaged in the dry bulk business, which own, have owned, or were formed with the intention to own dry bulk vessels. The results of these entities are included in Costamare Bulkers’ consolidated statement of operations for the three-month period and year ended December 31, 2025. On May 6, 2025, the Company acquired Costamare Bulkers Inc. (“CBI”), a dry bulk operating platform, from Costamare and a minority shareholder, whose results are included from that date forward. No comparative figures are presented for the three-month period and year ended December 31, 2024, as Costamare Bulkers had nominal operations during that time. Financial Highlights and Operational Updates I. PROFITABILITY - LIQUIDITY - DEBT Q4 2025 Adjusted Net Loss1 of $1.7 million ($0.07 loss per share). Q4 2025 liquidity of $311.0 million2. Debt3 of $155.6 million and Cash4 of $226.3 million, resulting in negative net debt5 position of $70.7 million as of the end of Q4. ____________________________________ 1 Adjusted Net Loss and respective per share figures are non-GAAP measures and should not be used in isolation or as substitutes for Costamare Bulkers financial results presented in accordance with U.S. generally accepted accounting principles (“GAAP”). For the definition and reconciliation of these measures to the most directly comparable financial measure calculated and presented in accordance with GAAP, please refer to Exhibit I. 2 Liquidity include...

MONACO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the fourth quarter and year ended December 31, 2025. Discontinued operations as a result of Costamare Bulkers Holdings Limited Spin-Off The financial results for the year ended December 31, 2025 reflect the spin-off of Costamare’s dry bulk business (consisting of Costamare’s dry bulk owned fleet and its dry bulk operating platform, Costamare Bulkers Inc. (“CBI”)) into a standalone public company, which was completed on May 6, 2025. Accordingly, the results of the dry bulk business are presented as discontinued operations for all periods shown. For the year ended December 31, 2025, the results of discontinued operations include the dry bulk business up to May 6, 2025, the effective date of the spin-off. In comparison, the three-month period ended December 31, 2024 and year of 2024 include the results of discontinued operations of the dry bulk business for the entire periods, respectively. These differences in reporting periods should be taken into account when evaluating the results of discontinued operations between periods. I. PROFITABILITY AND LIQUIDITY FY 2025 Adjusted Net Income from Continuing operations available to common stockholders1 of $375.6 million ($3.12 per share). FY 2025 Net Income from Continuing operations available to common stockholders of $371.0 million ($3.09 per share). Q4 2025 Adjusted Net Income from Continuing operations available to common stockholders1 of $71.8 million ($0.60 per share). Q4 2025 Net Income from Continuing operations available to common stockholders of $72.6 million ($0.60 per share). Q4 2025 liquidity of $589.6 million2. _______________________ 1 Adjusted Net Income from Continuing operations available to common stockholders and respective per share figures are non-GAAP measures and should not be used in isolation or as substitutes for Costamare’s financial results presented in accordance with U.S. generally accepted accounting principles (“GAAP”). For the definition and reconciliation of these measures to the most directly comparable financial measure calculated and presented in accordance with GAAP, please refer to Exhibit I. 2 Including short-term investments in U.S. Treasury Bills amounting to $19.3 million. II. ENTERED INTO 12 NEW FIXTURES ON A FORWARD BASIS OF UP...

Earnings Release: Friday, February 20, 2026, Before Market Opens Conference Call and Webcast: Friday, February 20, 2026, at 8:30 a.m. ET MONACO, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Costamare Bulkers Holdings Limited (NYSE:CMDB) (“Costamare Bulkers” or the “Company”), announced today that it will release its results for the fourth quarter ended December 31, 2025 before the market opens in New York on February 20, 2026. Conference Call Details: On Friday, February 20, 2026 at 8:30 a.m. ET, Costamare Bulkers’ management team will hold a conference call to discuss the financial results. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-844-887-9405 (from the US) or +1-412-317-9258 (from outside the US). Please quote "Costamare Bulkers". A replay of the conference call will be available until February 27, 2026. The United States replay number is +1-855-669-9658; the standard international replay number is +1-412-317-0088; and the access code required for the replay is: 7634134. Live Webcast: There will also be a simultaneous live webcast over the Internet, through the Costamare Bulkers website (www.costamarebulkers.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. About Costamare Bulkers Holdings Limited Costamare Bulkers Holdings Limited is an international owner and operator of dry bulk vessels. Costamare Bulkers’ owned dry bulk fleet consists of 31 vessels with a total carrying capacity of approximately 2,842,000 DWT. Costamare Bulkers also owns a dry bulk operating platform (CBI) which charters in/out dry bulk vessels, enters into contracts of affreightment, forward freight agreements and may also utilize hedging solutions. Costamare Bulkers’ common stock trades on the New York Stock Exchange under the symbol “CMDB”. Forward-Looking Statements This press release contains “forward-looking statements”. In some cases, you can identify these statements by forward-looking words such as “believe”, “intend”, “anticipate”, “estimate”, “project”, “forecast”, “plan”, “potential”, “may”, “should”, “could”, “expect” and similar expressions. You should not place undue reliance on these statements. These statements are not historical facts but instead represent only the Company’s beliefs regarding future results, many of which, by their nat...

This article first appeared on GuruFocus. Net Income: $7.4 million or $0.30 per share. Total Costs: Approximately $206 million. Debt: $160 million, resulting in a net negative position. Fleet Size: 31 dry bulk vessels with an average size of 92,000 deadweight and an average age of about 13 years. Vessel Transactions: Disposed of five Handysize ships and one Supramax vessel; acquired one Capesize vessel. Available Financing: Around $85 million available from an existing facility for future acquisitions. Warning! GuruFocus has detected 3 Warning Sign with CMDB. Is CMDB fairly valued? Test your thesis with our free DCF calculator. Release Date: November 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Costamare Bulkers Holdings Ltd (NYSE:CMDB) reported a net income of $7.4 million for the third quarter of 2025. The company successfully executed a Strategic Cooperation Agreement with Cargill, transferring the majority of its trading book to optimize earnings. CMDB is progressing on its strategy to divest older and smaller vessels, replacing them with younger and larger ones, enhancing fleet efficiency. The company has no major debt maturities until 2029, providing financial stability and flexibility. CMDB has access to approximately $85 million from an existing facility to fund future acquisitions, supporting growth opportunities. Despite reporting a net income, the company remains net negative with total costs of $206 million and debt of $160 million. The Capesize index experienced volatility due to excess tonnage and geopolitical tensions, impacting market stability. The company did not provide a detailed breakdown of Q4 fixtures by vessel class, limiting transparency for investors. There is uncertainty regarding the institution of a dividend policy or share repurchases, as no specific decision has been made. Asset values for Capesize vessels are high, prompting caution in future acquisitions, which may slow fleet expansion. Q: Can you provide insight on your fixtures for Q4, particularly by vessel class? A: We don't provide a detailed breakdown by vessel class. However, I can say that charter rates are healthy, and we are converting index-linked vessels to fixed rates for Q4 and into 2026. We have a few spot vessels benefiting from the market's upside. Q: Should we expect any impact on Q4 earnings f...