See more : Fomento de Construcciones y Contratas, S.A. (FMOCY) 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 M/T Wonder Musica
LIMASSOL, Cyprus, July 07, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on July 6, 2023, the Company completed the previously announced sale of M/T Wonder Musica, a...
The Toro Company Names Joanna M. Totsky Vice President, General Counsel and Corporate Secretary
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The Toro Company to Announce Fiscal 2023 Second Quarter Results
BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) announced today that it will release its fiscal 2023 second quarter results on Thursday, June 8, at approximately 7:30 a.m. CDT. The full text of The Toro Company’s earnings release will be available...
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