Torm Plc (TRMD) Earnings Report, Financial Results, Financial analysis

Torm Plc reported in the forth quarter of 2023 net earnings per share of $7.48 an increase by 10 % year on year from $6.80 and an improvement compare to net loss per share of $0.00 realized in previous quarter.

*forth quarter of 2023*
Earnings Per Share	Revenues
$ 7.48	$ 1,520 Mill
$+0.68 +10 %	$+77M +5.34 %

Torm Plc's Revenue rose by 5.34 % in forth quarter of 2023 (Dec 31 2023) year on year, to $1,520 million and advanced by sequentially.

Torm Plc is

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TRMD's NET INCOME

Torm Plc 's net income of $647.967 million in the forth quarter of 2023 increased by 15.18 % from net earnings of $562.574 million achieved in IV. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $0.000 million recorded in previous quarter.

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Torm Plc Inventories
TRMD's Cash flow In the forth quarter of 2023 company's net cash flow was $320 million, capital expenditures fell by -119.344327.03%, to $-510 millions compare to same quarter a year ago

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Earnings quality

Torm Plc payed out dividend of $2.01 per share in last 52 weeks representing 26.87 % of net earning per share in trailing twelve-month period.

During the same period Torm Plc earned $ 9.29 cash per share, on a free-cash flow basis 124.19 % of net earning per share.

Book value fell by 0.00 % sequentially to $19.22 per share.
Tangible Book value fell to $ 19.20 per share from $ 19.20.

Company repurchased 0.00 million shares or 0.00 % in Dec 31 2023.

• More on TRMD's Dividends

Market Capitalization (Millions)	1,558
Shares Outstanding (Millions)	87
Total Debt (Millions $)	890
Revenue (TTM) (Millions $)	1,520
Net Income (TTM) (Millions $)	648
Cash Flow (TTM) (Millions $)	320
Capital Exp. (TTM) (Millions $)	-510
Dividend TTM ($)	2.01 $
Dividend Yield TTM (%)	11.18 %
Employees (TTM) $	400

Earnings quality

Torm Plc payed out dividend of $2.01 per share in the last 52 weeks representing 26.87 % of net earning per share in trailing twelve-month period.

During the same period Torm Plc had $ 9.29 cash flow per share, on a free-cash flow basis 124.19 % of net earning per share.

Book value fell by 0.00 % sequentially to $19.22 per share.
Tangible Book value fell to $ 19.20 per share from $ 19.20.

Company repurchased 0.00 million shares or 0.00 % in Dec 31 2023.

• More on TRMD's Balance Sheets

Market Capitalization (Millions)	1,558
Shares Outstanding (Millions)	87
Total Debt (Millions $)	890
Revenue (TTM) (Millions $)	1,520
Net Income (TTM) (Millions $)	648
Cash Flow (TTM) (Millions $)	320
Capital Exp. (TTM) (Millions $)	-510
Dividend TTM ($)	2.01 $
Dividend Yield TTM (%)	11.18 %
Employees (TTM) $	400

Torm Plc

TRMD's Financial Statements and Analysis

News about Torm Plc Earnings

Strong Growth: Torm Plc Sees Solid Revenue Rise in Fourth Quarter of 2023