I II n djgunner Article Thesis TORM plc (NASDAQ:TRMD) is a shipping company that offers a gigantic 22% dividend yield right now, based on its most recent quarterly dividend payment. A yield this high is risky, of course, and even though TORM is very profitable right now, the dividend yield is likely not sustainable in the long run. That being said, TORM plc is a well-managed shipping company, and total returns could be attractive even if there is a dividend reduction in the foreseeable future. Company Overv ...

Financial Data and Key Metrics Changes - Time charter equivalent earnings increased to $326 million, with EBITDA improving to $251 million, reflecting strong financial performance [3][13] - Net profits reached $194 million, with a year-on-year operating result increase of around 30% [13][15] - Fleet-wide TCE rates exceeded $42,000 per day, with LR2s close to $52,000 per day [13][14] Business Line Data and Key Metrics Changes - The fleet had a total of 7,749 earning days, up from 7,451 days in the same quarter last year, indicating improved operational efficiency [14] - The company achieved a return on invested capital of 29.5%, highlighting a positive operating environment [15] Market Data and Key Metrics Changes - Trade volumes with refined oil products increased by 2% compared to the same quarter last year, driven by higher oil demand [8] - The share of global clean petroleum products trade transiting the Suez Canal declined from 12% to 4%, indicating a significant rerouting of trade [7] Company Strategy and Development Direction - The company remains optimistic about future prospects, expecting supportive fundamentals for a positive rate environment to persist [4] - TORM entered into an agreement to acquire eight secondhand MR vessels for $340 million, indicating a strategy of fleet expansion and replenishment [5] Management's Comments on Operating Environment and Future Outlook - Management noted that geopolitical tensions have reshaped the product tanker trade towards longer distances, contributing to increased ton-mile demand [7][11] - The company expects a seasonally improving crude tanker market in the fourth quarter, which may reduce incentives for crude cannibalization [8] Other Important Information - TORM declared a dividend of $1.80 per share for the quarter, maintaining a positive dividend yield [6][17] - The net interest-bearing debt decreased to $737 million, reflecting improved financial leverage [16] Q&A Session Summary Question: Concerns about macroeconomic conditions affecting demand - Management acknowledged potential cyclical headwinds but noted that similar patterns were observed last year, suggesting that current trends may be seasonal [20][21] Question: Impact of refinery run cuts in Asia - Management indicated that while refinery activity in Asia had slowed, there were signs of recovery, and additional export quotas from China were anticipated [26][27] Question: Future of scrubber installations - Management confirmed plans to proceed with the remaining scrubber installations during ordinary dry dock operations, evaluating each case for financial viability [28][29] Question: Dividend policy and distribution - Management clarified that dividend decisions are at the board's discretion, based on net cash generation per quarter, maintaining a consistent approach over recent quarters [30][31] Question: TCE market and chartering activities - Management expressed willingness to engage in longer-term charters at current attractive rates while remaining flexible with spot market opportunities [38][39]

TORM PLC (TRMD) came out with quarterly earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.99 per share. This compares to earnings of $2.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.51%. A quarter ago, it was expected that this company would post earnings of $2.21 per share when it actually produced earnings of $2.08, delivering a surprise of -5.88%. Over the last four quarters, the company has su ...

Interim Results for the Second Quarter and Half Year ended 30 June 2024 TORM PLC OFFICE 209(b) , 20 ST DUNSTAN'S HILL LONDON, EC3R 8HL ,UNITED KINGDOM COMPANY: 09818726 Highlights | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

The market expects TORM PLC (TRMD) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Au ...

For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is TORM PLC (TRMD) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question. TORM PLC is one of 135 individual stocks in the Transportation sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank includes 1 ...

Dikuch Thesis TORM plc (NASDAQ:TRMD) is one of those stocks that I just have to trust the facts. Despite the significant rise in stock price since my last analysis, the facts show TRMD can generate a healthy yield, supported by increased refinery output in the Middle East and Africa. The additional refinery capacity in these areas should maintain the strong demand for tanker vessels even as new builds begin to hit the waters in growing numbers in 2025. By maintaining balance, I expect market conditions to b ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. TRMD is quite a good fit in this regard, gaining 17.5% over this period. Looking at the fundamentals, the stock currently carries a Za ...

08 MAY 2024 In the light of these risks and uncertainties, undue reliance should not be placed on forward-looking statements contained in this release because they are statements about events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements. JACOB MELDGAARD Highlights Q1 2024 USD 1.50 Q1 2023: USD 1.46 The fo ...

Exhibit 99.1 Highlights "Our strong performance extended into the first quarter of 2024, supported by favorable market conditions and the timely delivery of vessels acquired in 2023," says Jacob Meldgaard, adding: "Sustained geopolitical tensions continue to contribute to TORM's strong results." Results In the first quarter of 2024, TORM grew time charter equivalent earnings (TCE) to USD 330.7m (2023, same period: USD 265.0m) and realized an EBITDA of USD 265.8 m (2023, same period: USD 198.5m) and a net pr ...