Ardmore Shipping Reports Q4 2023 Earnings

Ardmore Shipping Corp. (ASC) announced fourth-quarter earnings of $6.9 million, equating to an adjusted EPS of 25 cents. Adjusted revenue stood at $49.3 million for the quarter.

For the full year, ASC reported a profit of $133 million, or $3.06 per share, on revenue of $273.2 million.

ASC's stock has declined by 5% year-to-date and 30% over the past 12 months.