Euroseas Ltd (NASDAQ:ESEA) Q2 2024 Results Conference Call August 6, 2024 10:00 AM ET
Company Participants
Tasos Aslidis - Chief Financial Officer
Symeon Pariaros - Chief Administrative Officer
Conference Call Participants
Tate Sullivan - Maxim Group
Lars Eide - Arctic Securities
Mark Reichman - Noble Capital Markets
Climent Molins - Value Investor's Edge
Operator
Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas Conference Call on the Second Quarter 2024 Financial Results. We have with us today Mr. Tasos Aslidis, Chief Financial Officer of the company. [Operator Instructions] I must advise you that this conference is being recorded today. Please be reminded that the company announced their results with a press release that has been publicly distributed.
Before passing the floor over to Mr. Aslidis, I would like to remind everyone that in today's presentation and conference call, Euroseas will be making forward-looking statements. These statements are within the meaning of the federal securities laws. Matters discussed may be forward-looking statements, which are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. I kindly draw your attention to Slide number 2 of the webcast presentation which has the full forward-looking statement, and the same statement was also included in the press release. Please take a moment to go through the whole statement and read it.
And now, I would like to pass the floor over to Mr. Tasos Aslidis. Please go ahead, sir.
Tasos Aslidis
Good morning, ladies and gentlemen, and thank you all for joining us today for our scheduled conference call. I'm Tasos Aslidis, CFO of Euroseas. Together with me is Simos Pariaros, our Chief Administrative Officer; our Chairman and CEO, Mr. Aristides Pittas, who is usually hosting our earnings calls is not available for this presentation this quarter due to overlapping engagements.
The focus of today's call is to discuss our financial results for the 6 months and quarter ended June 30, 2024. Let's turn to Slide 3 of the presentation to go over our income statement highlights. For the second quarter of 2024, we reported total net revenues of $58.7 million, and a net income of $40.7 million or $5.84 per diluted share.
Adjusted net income for the quarter was $34.3 million or $4.92 per diluted share. Adjusted EBITDA for the period was $42.3 million. A reconciliation of adjusted EBITDA to net income is presented in the press release that was released earlier today. I will provide you with some further details on our results later in the presentation.