International Seaways Inc. EBIT

EBIT of INSW for past 10 years: annual, quarterly and twelve month trailing (TTM) including EBIT growth rates and interactive chart. Earnings before interest and taxes is an indicator of a company's profitability. One can calculate it as revenue minus all expenses, excluding tax and interest. EBIT is also referred to as operating earnings, operating profit, and profit before interest and taxes. It is the amount of profit that a company earns before interest on debt and taxes are paid.

Highlights and Quick Summary

  • EBIT for the quarter ending March 30, 2021 was $-6.38 Million (a -94.19% decrease compared to previous quarter)
  • Year-over-year quarterly EBIT decreased by -108.72%
  • Annual EBIT for 2020 was $280 Million (a 152.58% increase from previous year)
  • Annual EBIT for 2019 was $111 Million (a -265.47% decrease from previous year)
  • Annual EBIT for 2018 was $-67.1 Million (a 13.75% increase from previous year)
  • Twelve month EBIT ending March 30, 2021 was $-20.8 Million (a -147.36% decrease compared to previous quarter)
  • Twelve month trailing EBIT decreased by -112.22% year-over-year
Trailing EBIT for the last four month:
30 Mar '21 30 Dec '20 29 Sep '20 29 Jun '20
$-20.8 Million $44 Million $187 Million $170 Million
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Historical EBIT of International Seaways Inc.

Most recent EBITof INSW including historical data for past 10 years.

Interactive Chart of EBIT of International Seaways Inc.

International Seaways Inc. EBIT for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $-6.38
2020 $-109.75 $22.19 $73.1 $58.46 $280.4
2019 $33.28 $5.63 $0.08 $27.39 $111.01
2018 $24.8 $-30.68 $-0.85 $-18.37 $-67.09
2017 $-79.45 $-10.87 $4.31 $27.03 $-58.98
2016 $-46.49 $-35.27 $41.06 $64.75 $24.06
2015 $63.96 $221.87
2014 $42.48
2013 $-415.39

Business Profile of International Seaways Inc.

Sector: Industrials
Industry: Marine Shipping
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trade. It operates through two segments, Crude Tankers and Product Carriers. As of March 12, 2021, the company owned and operated a fleet of 36 vessels, including 11 very large crude carriers, 2 Suezmaxes, 4 Aframaxes/LR2s, 13 Panamaxes/LR1s, and 4 medium range tankers, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. The company was incorporated in 1999 and is headquartered in New York, New York.