(in thousands)
|
For the three months
ended September 30, 2023 |
Unaudited
|
|
Net income
|
$ 18,326
|
Adjustments:
|
|
Transaction costs
|
213
|
Adjusted net income
|
$ 18,539
|
(in thousands)
|
For the three months
ended September 30, 2023 |
Unaudited
|
|
Net income
|
$ 18,326
|
Adjustments:
|
|
Net interest income
|
(943)
|
Depreciation and amortization(1)
|
6,965
|
Income tax benefit
|
(1,443)
|
EBITDA
|
$ 22,905
|
(1) |
Includes depreciation, amortization of deferred financing costs and restricted stock amortization.
|
For the three months
ended September 30, 2023 |
||
Unaudited
|
||
(in thousands)
|
||
Net income
|
$ 18,326
|
|
Impact of adjustments
|
213
|
|
Adjusted net income
|
18,539
|
|
Adjustments:
|
||
Net interest income
|
(943)
|
|
Depreciation and amortization(1)
|
6,965
|
|
Income tax benefit
|
(1,443)
|
|
Adjusted EBITDA
|
$ 23,118
|
(1) |
Includes depreciation, amortization of deferred financing costs and restricted stock amortization.
|
|
ENETI INC.
|
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|
(registrant)
|
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|
|
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|
|
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Dated: October 31, 2023
|
By: /s/ Hugh Baker
|
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|
Hugh Baker
|
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|
Chief Financial Officer
|
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|