Navios Maritime Holdings Shares Gain After Q4 Results

Navios Maritime Holdings Inc. NM reported fourth-quarter revenue (from continuing operations) growth of 7% year-over-year to $52.62 million.
Basic EPS attributable to Navios Holdings' common stockholders from continuing operations improved to $0.28 from $(0.66) in 4Q21.
Basic EPS attributable to Navios Holdings' common stockholders was $0.23 versus $1.36 in the prior year.
Revenue from continuing operations were generated solely from Navios Logistics.
EBITDA from continuing operations improved by 105.9% Y/Y to $35.44 million, and the margin expanded to 67.4% from 35% a year ago.
Navios Maritime's cash and equivalents totaled $78.85 million as of Dec. 31, 2022.
Navios Logistics' Adjusted EBITDA increased by ~20% to $94.1 million in FY22 from $78 million in FY21.
"In 2022, we exited international shipping and are now focused on growing Navios South American Logistics, a transportation and infrastructure provider in the Hidrovia region of South America. We believe that the global macro conditions support healthy growth in the Hidrovia region and are focusing on maximizing the return from assets by offering innovative logistics solutions," commented Angeliki Frangou, Chairwoman and CEO.
Price Action: NM shares traded higher by 2.31% at $2.66 on the last check Thursday.