ZIM Integrated Shipping Services Ltd. (NYSE:ZIM ) Q4 2024 Earnings Conference Call March 12, 2025 8:00 AM ET Company Participants Eli Glickman - President, Chief Executive Officer Xavier Destriau - Executive Vice President, Chief Financial Officer Elana Holzman - Head of Investor Relations Conference Call Participants Muneeba Kayani - Bank of America Marco Limite - Barclays Omar Nokta - Jefferies Alexia Nogani - JP Morgan Operator Hello everyone and welcome to ZIM Integrated Shipping Services' fourth quarter and full year 2024 financial results conference call.
ZIM Integrated Shipping Services (ZIM) came out with quarterly earnings of $4.66 per share, beating the Zacks Consensus Estimate of $3.47 per share. This compares to loss of $1.23 per share a year ago.
Reported Full Year Revenues of $8.43 Billion, Net Income of $2.15 Billion, Adjusted EBITDA 1 of $3.69 Billion and Adjusted EBIT1 of $2.55 Billion 2 ; Generated Net Income, Adjusted EBITDA and Adjusted EBIT Margins1 of 26%, 44% and 30%, Respectively Achieved 14% Volume Growth in 2024 with Record Carried Volume of 982 Thousand TEUs in Q4 2024, Representing Third Consecutive Quarter of Record Carried Volume Declared Q4 2024 Dividend of Approximately $382 Million, or $3.17 per Share, Representing, Together with Previous Dividends Distributed During 2024, Approximately 45% of the Full Year 2024 Net Income Full Year 2025 Outlook: Adjusted EBITDA within $1.6 Billion to $2.2 Billion and Adjusted EBIT of $350 Million to $950 Million 3 HAIFA, Israel , March 12, 2025 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company"), a global container liner shipping company, announced today its consolidated results for the three and twelve months ended December 31, 2024.
ZIM Integrated Shipping Services Ltd. rallied on buyout rumors, but a buyout appears unlikely due to plunging shipping rates and weak 2025 guidance expectations. The Red Sea attacks have ceased, reducing shipping disruptions, sending shipping rates lower. ZIM's Q4 earnings are expected to be strong, but the shift to spot rates and overcapacity issues suggest weaker future performance.
In the latest trading session, ZIM Integrated Shipping Services (ZIM) closed at $20.22, marking a -0.69% move from the previous day.
ZIM Integrated Shipping Services (ZIM) finished the last trading day at $20.91, which is an increase of 0.43% compared to the day before.
HAIFA, Israel , Feb. 19, 2025 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today that the Company will release its fourth quarter and full year 2024 financial results on Wednesday, March 12, 2025, before the U.S. financial markets open.
ZIM Integrated Shipping Services (ZIM) reachead $19.68 at the closing of the latest trading day, reflecting a -0.66% change compared to its last close.
We have just released a list of the 10 companies that performed well on Tuesday. In this article, we will examine how ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) compares to the other leading companies from that day. On Tuesday, Wall Street's major indices had mixed results, with the Nasdaq being the only one to decline, as investors...
In the most recent trading session, ZIM Integrated Shipping Services (ZIM) finished at $18.09, which is a decrease of 0.11% compared to the day before.