ZIM Integrated Shipping Services GAAP EPS of $14.19 Beats By $1.38, Revenue of $3.72B Beats By $230M

Seeking Alpha2022-05-18
  • ZIM Integrated Shipping Services Q1 GAAP EPS of $14.19 beats by $1.38.
  • Revenue of $3.72B (+113.8% Y/Y) beats by $230M.
  • Adjusted EBITDA for the first quarter was $2,533 million, a year-over-year increase of 209%
  • Operating income (EBIT) for the first quarter was $2,243 million, a year-over-year increase of 228%
  • Updated Full-Year 2022 Guidance: The Company increased its previously provided guidance for the full-year 2022 and now expects to generate Adjusted EBITDA of between $7.8 billion and $8.2 billion and Adjusted EBIT of between $6.3 billion and $6.7 billion.

  • Shares +3.61% PM.
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