TORM reports Q3 results

seekingalpha
07 Nov 2024
  • TORM press release (NASDAQ:TRMD): Q3 GAAP EPS of $1.35.
  • Revenue of $372.1M (+3.9% Y/Y) beats by $54.26M.
  • Based on the earnings realized in the first nine months of the year as well as the coverage for the remaining part of the year, TORM adjusts its full-year guidance for 2024, thus TCE earnings are expected to be USD 1,110 - 1,160 (previous guidance USD 1,150 - 1,350m), and EBITDA is expected to be USD 810 - 860m (previous guidance USD 850 - 1,050m) based on the current fleet size including announced acquisitions and divestment of vessels

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