DryShips, Inc. is a holding company. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the
offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries. Under its offshore support segment, the Company operates as a provider of offshore support services to the global offshore energy industry. The Offshore support segment operates a diversified fleet of offshore support vessels. It owns a fleet of approximately 20 Panamax drybulk carriers, which have a combined deadweight tonnage (dwt) of approximately 1.5 million dwt and an average age of approximately 10 years, and six offshore supply vessels, comprising over two platform supply and four oil spill recovery vessels, and have an average age of approximately 3.1 years.
September 9, 2004
George EconomouChairman of the Board, President, Chief Executive Officer
Ziad NakhlehChief Financial Officer
Niki FotiouSenior Vice President, Head - Accounting and Reporting
Anastasia PavliCorporate Secretary
George DemathasIndependent Director
Vassilis KaramitsanisIndependent Director
Harry KeramesIndependent Director
Evangelos MytilinaiosIndependent Director
George XiradakisIndependent Director
Nicolas BornozisIR Contact Officer
109 Kifisias Avenue and Sina Street Athina, Greece Phone: +30 21 08090570 Fax: +30 21 08090585 www.dryships.com
Net income grew by 99.99%, year over year, to a loss of (U.S.)$4.82 per share during the most recently completed quarter. This was among the weakest growth seen in this industry.
DryShips Inc has a net profit margin of -205.93%. Besides being negative, it is also below the industry average and implies that this company is not effective at turning revenues into bottom line profit. Company Books