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Complete financial analysis of Toro Corp. (TORO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Toro Corp., a leading company in the Marine Shipping industry within the Industrials sector.
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Toro Corp. (TORO)
About Toro Corp.
Toro Corp. acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil and refined petroleum products worldwide. The company operates through Aframax/LR2 tanker and Handysize tanker segments. It operates a fleet of eight tanker vessels with an aggregate cargo carrying capacity of 0.7 million dwt. The company was incorporated in 2022 and is headquartered in Limassol, Cyprus.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 78.47M | 111.89M | 29.26M |
| Cost of Revenue | 25.23M | 61.16M | 29.11M |
| Gross Profit | 53.23M | 50.73M | 154.91K |
| Gross Profit Ratio | 67.84% | 45.34% | 0.53% |
| Research & Development | 0.00 | 0.00 | 0.00 |
| General & Administrative | 5.36M | 2.09M | 889.10K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 |
| SG&A | 5.36M | 2.09M | 889.10K |
| Other Expenses | -89.01M | 0.00 | 0.00 |
| Operating Expenses | -83.65M | 2.36M | 889.10K |
| Cost & Expenses | -58.41M | 63.52M | 30.00M |
| Interest Income | 4.07M | 202.61K | 652.00 |
| Interest Expense | 964.25K | 719.11K | 383.19K |
| Depreciation & Amortization | 7.39M | 7.67M | 4.53M |
| EBITDA | 160.86M | 55.68M | 2.99M |
| EBITDA Ratio | 205.00% | 49.77% | 10.18% |
| Operating Income | 136.88M | 51.59M | -734.18K |
| Operating Income Ratio | 174.44% | 46.11% | -2.51% |
| Total Other Income/Expenses | 4.11M | -706.17K | -490.03K |
| Income Before Tax | 140.99M | 50.89M | -1.22M |
| Income Before Tax Ratio | 179.67% | 45.48% | -4.18% |
| Income Tax Expense | 350.67K | 960.18K | 206.17K |
| Net Income | 140.64M | 49.93M | -1.43M |
| Net Income Ratio | 179.23% | 44.62% | -4.89% |
| EPS | 9.05 | 5.55 | -0.15 |
| EPS Diluted | 2.87 | 1.23 | -0.15 |
| Weighted Avg Shares Out | 15.44M | 9.46M | 9.46M |
| Weighted Avg Shares Out (Dil) | 48.66M | 42.68M | 9.46M |
The Toro Company to Announce Fiscal 2024 Full-Year Results
BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company to Announce Fiscal 2024 Full-Year Results.
Toro CombineCo Announces Update to Previously Disclosed Information on Proforma Revenue and Adjusted EBITDA
NEWTON, Mass.--(BUSINESS WIRE)--Toro CombineCo., Inc. (the “Company”) is today updating previously disclosed information on proforma revenue and Adjusted EBITDA for 2024. The Company now expects that proforma revenue for 2024 will range from $490 million to $500 million compared to...
The Toro Company to Present at the Baird 2024 Global Industrial Conference
BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company to Present at the Baird 2024 Global Industrial Conference.
High Quality Dividend Stock Universe: The Toro Company, Greener Grass Ahead
The Toro Company has a long history of attractive growth and a shareholder friendly policy. Since inception, it has grown by nearly 8,500% or at a CAGR of 13.7%. An improvement in the FCF/share figure has triggered a Strong Buy...
Toro Corp. Announces Results of its 2024 Annual General Meeting of Shareholders
LIMASSOL, Cyprus, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that the Company's 2024 Annual General Meeting of Shareholders (the “Meeting”) was duly held on September 6,...
Toro: Like Watching Grass Grow
Toro's stock remains in the $80-100 range due to unimpressive earnings and lowered guidance, with negligible growth expected in the near term. The company is making progress in dealer channel destocking and improving free cash flow, enabling debt reduction and...
The Toro Company (TTC) Q3 2024 Earnings Call Transcript
The Toro Company (NYSE:TTC ) Q3 2024 Results Conference Call September 5, 2024 11:00 AM ET Company Participants Julie Kerekes - Treasurer and Senior Managing Director of Global Tax and Investor Relations Rick Olson - Chairman and Chief Executive Officer...
Why Toro Shares Are Down This Week
Weakness in residential lawn care dragged Toro's quarterly results down. The company is seeing strength in its professional segments.
Lawn Mower Maker Toro Stock Sinks on Weaker-Than-Expected Results, Outlook
Toro Company (TTC) shares sank Thursday as the manufacturer of lawn mowers and snowblowers reported worse-than-expected results and guidance on falling demand for its products amid what Chief Executive Officer (CEO) Richard Olson called a "very dynamic environment."
Toro (TTC) Q3 Earnings and Revenues Miss Estimates
Toro (TTC) came out with quarterly earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $0.95 per share a year ago.
Source: https://incomestatements.info
Category: Stock Reports