Ardmore Shipping Full Year 2024 Earnings: EPS Beats Expectations

Ardmore Shipping (NYSE:ASC) Full Year 2024 Results

Key Financial Results

• Revenue: US$405.8m (up 2.5% from FY 2023).
• Net income: US$128.6m (up 13% from FY 2023).
• Profit margin: 32% (up from 29% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: US$3.09 (up from US$2.76 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ardmore Shipping EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.3%.

In the last 12 months, the only revenue segment was The Transportation of Refined Petroleum Products and Chemicals contributing US$405.8m. Notably, cost of sales worth US$219.2m amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$30.2m (52% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$320.0k. Explore how ASC's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 37% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.9%.

Performance of the American Oil and Gas industry.

The company's shares are up 4.4% from a week ago.

Risk Analysis

Be aware that Ardmore Shipping is showing 2 warning signs in our investment analysis and 1 of those can't be ignored...

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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.