DryShips Inc. Reports Financial and Operating Results for the Third Quarter 2014Font size: A | A | A
4:07 PM ET 11/5/14 | Marketwired
DryShips Inc. (NASDAQ: DRYS), or DryShips or the Company, an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, today announced its unaudited financial and operating results for the third quarter ended September 30, 2014.
Third Quarter 2014 Financial Highlights
-- For the third quarter of 2014, the Company reported net income of
$16.7 million, or $0.04 basic and diluted earnings per share.
Included in the third quarter 2014 results are:
-- Non-cash write offs and breakage costs associated with the full
refinancing of Ocean Rig's $1.35 billion Senior Secured Credit
Facility, totaling $22.0 million or $0.05 per share.
Excluding the above items, the Company would have reported net income of $29.8 million, or $0.07 per share. (1)
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