See more : Cintas Corporation (CTAS) Income Statement Analysis – Financial Results
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 |
Toro Corp. Announces the Completion of the Sale of the M/T Wonder Sirius
LIMASSOL, Cyprus, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that on January 24, 2024, it completed the previously announced sale of the M/T Wonder Sirius, a...
Toro Corp. Announces the Sale of the M/T Wonder Sirius for $33.8 Million with an Expected Net Gain of $20.9 Million
LIMASSOL, Cyprus, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that on January 8, 2024, the Company entered into an agreement with an unaffiliated third-party for the...
Toro Corp. Announces the Completion of the Sale of the M/T Wonder Vega
LIMASSOL, Cyprus, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on December 21, 2023, the Company completed the previously announced sale of the M/T Wonder Vega,...
Toro's stock rises on stronger-than-expected profit
Toro Corp.'s stock TORO, +2.00% was up by 3.5% in premarket trading on Wednesday after the lawn mower company's fourth-quarter profit and revenue beat analyst estimates. The Toro said its fourth-quarter net income fell 40% to $70.3 million, or 67...
Toro Corp. Announces the Completion of the Sale of the M/T Wonder Formosa
LIMASSOL, Cyprus, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that on November 16, 2023, the Company completed the previously announced sale of the M/T Wonder Formosa,...
Toro Corp. Reports Net Income of $35.1 Million for the Three Months Ended September 30, 2023 and $112.4 Million for the Nine Months Ended September 30, 2023
LIMASSOL, Cyprus, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO), (“Toro”, or the “Company”), an international energy transportation services company, today announced its results for the three months and the nine months ended September 30, 2023.
Toro Corp. Announces the Sale of the M/T Wonder Formosa and the M/T Wonder Vega for an Aggregate $49.5 Million and Aggregate Expected Net Gain of $26.7 Million
LIMASSOL, Cyprus, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on September 1, 2023 and September 5, 2023 respectively, the Company entered into two separate agreements...
The Toro Company and Lowe's Announce Strategic Partnership
Toro's full line-up of all-season outdoor power equipment available at Lowe's nationwide in spring 2024 BLOOMINGTON, Minn. and MOORESVILLE, N.C.
Toro Corp. Reports Net Income of $55.4 Million for the Three Months Ended June 30, 2023 and $77.3 Million for the Six Months Ended June 30, 2023
LIMASSOL, Cyprus, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO), (“Toro”, or the “Company”), an international energy transportation services company, today announced its results for the three months and the six months ended June 30, 2023.
Toro Corp. Announces the Delivery of its third LPG Carrier Dream Syrax and the Completion of the Sale of M/T Wonder Avior
LIMASSOL, Cyprus, July 19, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on July 17, 2023 the Company completed the previously announced sale of M/T Wonder Avior, a 2004-built...
Source: https://incomestatements.info
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