International Seaways Full Year 2024 Earnings: In Line With Expectations

Simply Wall St.02-28

International Seaways (NYSE:INSW) Full Year 2024 Results

Key Financial Results

  • Revenue: US$951.6m (down 11% from FY 2023).
  • Net income: US$416.7m (down 25% from FY 2023).
  • Profit margin: 44% (down from 52% in FY 2023). The decrease in margin was primarily driven by lower revenue.
  • EPS: US$8.46 (down from US$11.35 in FY 2023).
NYSE:INSW Earnings and Revenue Growth February 28th 2025

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

International Seaways Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are down 9.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for International Seaways (1 doesn't sit too well with us!) that we have uncovered.

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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.

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