Global Ship Lease (NYSE:GSL) Full Year 2024 Results
Key Financial Results
- Revenue: US$705.5m (up 5.8% from FY 2023).
- Net income: US$344.1m (up 17% from FY 2023).
- Profit margin: 49% (up from 44% in FY 2023). The increase in margin was primarily driven by higher revenue.
- EPS: US$9.74 (up from US$8.33 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Global Ship Lease Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 3.0% decline forecast for the Shipping industry in the US.
Performance of the American Shipping industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Global Ship Lease, and understanding this should be part of your investment process.
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