{"id":753918,"date":"2023-05-02T17:56:51","date_gmt":"2023-05-02T21:56:51","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ftai-infrastructure-inc-reports-first-quarter-2023-results-declares-dividend-of-0-03-per-share-of-common-stock\/"},"modified":"2023-05-02T17:56:51","modified_gmt":"2023-05-02T21:56:51","slug":"ftai-infrastructure-inc-reports-first-quarter-2023-results-declares-dividend-of-0-03-per-share-of-common-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ftai-infrastructure-inc-reports-first-quarter-2023-results-declares-dividend-of-0-03-per-share-of-common-stock\/","title":{"rendered":"FTAI Infrastructure Inc. Reports First Quarter 2023 Results, Declares Dividend of $0.03 per Share of Common Stock"},"content":{"rendered":"
\n

NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) — FTAI Infrastructure Inc. (NASDAQ:FIP) (the \u201cCompany\u201d or \u201cFTAI Infrastructure\u201d) today reported financial results for the first quarter 2023. The Company\u2019s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.<\/p>\n

\n Financial Overview<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n
\n (in thousands, except per share data)<\/em>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n Selected Financial Results<\/u>
\n <\/strong>\n <\/td>\n		\n Q1\u201923<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Net Loss Attributable to Stockholders<\/td>\n$<\/td>\n(40,589<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic Loss per Share of Common Stock<\/td>\n$<\/td>\n(0.39<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted Loss per Share of Common Stock<\/td>\n$<\/td>\n(0.40<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted EBITDA(1)<\/sup><\/td>\n$<\/td>\n21,896<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted EBITDA – Four core segments (1)<\/sup>(2)<\/sup>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30,122<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

_______________________________<\/p>\n\n\n\n\n
\n (1)<\/sup>\n <\/td>\n\u00a0<\/td>\n\n For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release.<\/sub>\n <\/td>\n<\/tr>\n
\n (2)<\/sup>\n <\/td>\n\u00a0<\/td>\n\n Excludes Sustainability and Energy Transition and Corporate and Other segments<\/sub>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n First Quarter 2023 Dividends<\/strong>\n <\/p>\n

On May 2, 2023, the Company\u2019s Board of Directors (the \u201cBoard\u201d) declared a cash dividend on its common stock of $0.03 per share for the quarter ended March 31, 2023, payable on May 26, 2023 to the holders of record on May 15, 2023.<\/p>\n

\n Business Highlights<\/strong>\n <\/p>\n