In This Article:
Global Ship Lease (NYSE:GSL) Full Year 2024 Results
Key Financial Results
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Revenue: US$705.5m (up 5.8% from FY 2023).
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Net income: US$344.1m (up 17% from FY 2023).
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Profit margin: 49% (up from 44% in FY 2023). The increase in margin was primarily driven by higher revenue.
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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 it should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.