Business Context and Reporting Period
This Form 6-K filing by Costamare Inc. (NYSE: CMRE) is dated July 14, 2011. The company is a leading owner and provider of containerships for charter with 36 years of industry history. The filing serves to announce the schedule for the release of financial results for the second quarter and six months ended June 30, 2011.
Key Financial Metrics
The filing text does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural announcement regarding the timing of the earnings release rather than a financial report itself.
Material Changes
No material changes to financial performance or operations are reported in this filing. The document contains no comparative data against prior periods.
Guidance, Outlook, and Management Commentary
Earnings Schedule:
- Earnings Release: Wednesday, July 27, 2011, after market closes.
- Conference Call and Webcast: Thursday, July 28, 2011, at 8:30 a.m. EDT.
Forward-Looking Statements: The filing includes a standard disclaimer that the press release contains forward-looking statements regarding future results. These statements are based on management's beliefs and are subject to inherent uncertainties and risks that could cause actual results to differ materially.
Risk Factors: Investors are directed to the "Risk Factors" section of the company's Annual Report on Form 20-F (File No. 001-34934) for a discussion of risks and important factors affecting future results.
Investor Verification Checklist
- Verify the actual financial results for Q2 and H1 2011 when released on July 27, 2011.
- Review the Form 20-F Annual Report for detailed risk factors referenced in this filing.
- Confirm fleet status updates, specifically regarding the 58 existing containerships and 10 newbuilds on order (approx. 89,000 TEU).
- Monitor the conference call on July 28, 2011, for management commentary on market conditions and operational performance.