TORM

TORM Plc engages in the ownership and operation of product tankers. The firm transports refined oil products such as gasoline, jet fuel, kerosene, naphtha and gas oil, and occasionally dirty petroleum products, such as fuel oil. The company was founded by Ditlev E. Torm and Christian Schmiegelow in 1889 and is headquartered in London, the United Kingdom.

Earnings data Q1 2021

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TORM Plc engages in the business of transporting clean and dirty petroleum products. It operates under the Tanker and Marine Exhaust segments. The Tanker segment focuses on the transportation of refined oil products such as gasoline, jet fuel, and naphtha. The Marine Exhaust segment includes developing and producing advanced and green marine equipment. The company was founded by Ditlev E. Torm and Christian Schmiegelow in 1889 and is headquartered in London, the United Kingdom.

Fed Minutes bring up recession fears, but TORM plc remains a ‘Strong Buy' and is currently ranked #1 in its sector and industry according to our quant ratings. Despite macroeconomic challenges, TORM, a leading specialist carrier of oil and gas, used them as an advantage, posting consecutive record-high Q3 and Q4 earnings.

Top Stock: The Buy Amid The TORM

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“Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria. Benjamin Graham followed.“ - YCharts Value Screener. 68 April Value Rank and Graham Formula results reflect established value-stock detection criteria. Of those, 49 met the dogcatcher ideal of dividends from $1K invested exceeding single share stock prices.

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Although 2023 is already bringing economic challenges, there's an excellent opportunity for investors to search for gems in the tanker market. TORM achieved a record-high EBITDA of $267 million in Q4, bringing the full year to $743 million, more than the previous 4 years combined.

TORM plc: This Top-Rated Stock Still Has Something To Show

Oaktree, the majority shareholder of TORM, which owns about 65% of the company's Class A common shares, started selling 5 million shares. However, there is no need to be panicked, as the company's fundamentals suggest that TORM is on the right path.

TORM plc: Favorable Market Outlook And Attractive Financial Position

TORM plc (NASDAQ:TRMD ) Q4 2022 Earnings Conference Call March 16, 2023 10:00 PM ET Company Participants Andreas Abildgaard-Hein - Head of Investor Relations Jacob Meldgaard - Chief Executive Officer & Executive Director Kim Balle - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore Operator Good afternoon, ladies and gentlemen. Thank you for standing by.

TORM plc (TRMD) Q4 2022 Earnings Call Transcript

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When it comes to oil transportation, pipeline companies are attractive due to high yield and stable price performance, but tanker stocks have moved into technical leadership since the start of the year.

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Value Investor's Edge Live returns in 2023 with an exclusive interview focused on the product tanker segment of the shipping industry. Jacob Meldgaard, CEO of Torm plc, joined us on 10 January 2023, to discuss the latest trends in the market and outlines company strategy and capital allocation plans.

TORM plc: Product Tanker Market Update (Podcast Transcript)

The product tanker market is enjoying high earnings, after several years of dismal earnings. Disruption to earlier trade routes and changes in refinery locations will lead to a continuation of high rates.

TORM plc: Riding A Strong Bull Market

TORM plc (NASDAQ:TRMD ) Q3 2022 Earnings Conference Call November 10, 2022 9:00 AM ET Company Participants Andreas Abildgaard-Hein - Head of Investor Relations Jacob Meldgaard - Chief Executive Officer & Executive Director Kim Balle - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore Anders Karlsen - Kepler Cheuvreux Operator Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the TORM plc Third Quarter 2020 Results Call.

TORM plc (TRMD) Q3 2022 Earnings Call Transcript

100% technical buy signals. 6 new highs and up 4.23% in the last month.

TORM - The Little Ship That Could

TORM presents itself as a successful product tanker shipping company. If the free cash flow continues to trend higher, management may execute further investments.

TORM: Further Increase In Charter Equivalent Rates Would Mean Higher Stock Price

TORM plc (NASDAQ:TRMD ) Q2 2022 Earnings Conference Call August 18, 2022 9:00 AM ET Company Participants Andreas Abildgaard-Hein - Head of Investor Relations Jacob Meldgaard - Chief Executive Officer & Executive Director Kim Balle - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore. Richard Diamond - Castlewood Capital Anders Karlsen - Kepler Cheuvreux Operator Ladies and gentlemen, thank you for standing by.

TORM plc (TRMD) CEO Jacob Meldgaard on Q2 2022 Results - Earnings Call Transcript

TORM PLC (TRMD) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Recent Price Trend in TORM PLC (TRMD) is Your Friend, Here's Why

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The Nasdaq composite is down 29% since the beginning of the year, the S&P 500 17%, the Dow 12%. And then there's commodity shipping.

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Torm PLC (NASDAQ:TRMD ) Q1 2022 Earnings Conference Call May 11, 2022 11:00 AM ET Company Participants Andreas Abildgaard-Hein - VP, Head, Group Treasury & IR Jacob Meldgaard - CEO & Executive Director Kim Balle - CFO Conference Call Participants Jonathan Chappell - Evercore ISI Magnus Fyhr - H.C. Wainwright & Co. Operator Ladies and gentlemen, thank you for standing by.

Torm PLC (TRMD) CEO Jacob Meldgaard on Q1 2022 Results - Earnings Call Transcript

Monday was a rough day all around on Wall Street but particularly painful for owners of ocean shipping stocks, which fell much more sharply than the broader market. Concerns over China's economy, oil demand, Fed tightening and inflation added up to one of the worst trading sessions of the year for shipping names.

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The product tanker sector has been very weak for the last year and a half, but green shoots have started to emerge.

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TORM plc (TRMD) CEO Jacob Meldgaard on Q4 2021 Results - Earnings Call Transcript

TORM plc (“TORM”) increases its share capital by 19,494 A-shares (corresponding to a nominal value of USD 194.94) as a result of the exercise of a corresponding number of Restricted Share Units.

Capital increase in TORM due to exercise of Restricted Share Units as part of the Company's incentive program

TORM plc (TRMD) CEO Jacob Meldgaard on Q3 2021 Results - Earnings Call Transcript

“ The market for refined oil is at present negatively impacted by the restricted crude supply not meeting demand, thereby drawing onshore stocks resulting in stock levels that are below five-year lows in several regions. This imbalance has led to historically low product tanker freight rates in the third quarter of 2021, resulting in an EBITDA of USD 30.4m and a loss before tax of USD -14.1m,” says Executive Director Jacob Meldgaard and adds: “ In these challenging times, TORM continues a relentless focus on operational efficiency while maintaining a solid liquidity and capital structure.”

TORM plc Third Quarter Report 2021

TORM plc (“TORM”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the third quarter of 2021 on Wednesday, 10 November 2021.

TORM plc to announce third quarter 2021 results

Pursuant to Section 38 of the Danish Capital Markets Act and Section 55 of the Danish Companies Act, TORM plc hereby announces that:

Notification of major holdings in the Company

News for TORM Stock (TRMD)