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 Q4 2020

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.

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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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

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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

TORM plc (TRMD) CEO Jacob Meldgaard on Q2 2021 Results - Earnings Call Transcript

“In the second quarter of 2021, TORM achieved an EBITDA of USD 45m and a profit before tax of USD 2.4m, despite a market which is still impacted by the pandemic. In Q2 2021 , we have seen an increase of USD 81 m in vessel market values, corresponding to approximately 5 % , supporting the expectation of a recovering product tanker market” says Executive Director Jacob Meldgaard.

TORM plc Second Quarter and Half-Year Report 2021

TORM plc (“TORM” or the “Company”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the second quarter and first half of 2021 on Tuesday, 10 August 2021.

TORM plc to announce second quarter and first half 2021 results

With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product tanker vessels from Team Tankers Deep Sea Ltd, TORM plc (“TORM”) has increased its share capital by 824,895 A-shares (corresponding to USD 8,248.95) as a result of the delivery of the eighth vessel of the transaction, the MR vessel Team Allegro.

Capital increase in TORM in connection with delivery of vessel

TORM plc's (TRMD) CEO Jacob Meldgaard on Q1 2021 Results - Earnings Call Transcript

“In the first quarter of 2021, TORM achieved an EBITDA of USD 19m, in a market which continues to be impacted by the pandemic. Further I am pleased that we have just purchased three LR2 vessels on top of the eight MR vessels acquired earlier this year ” says Executive Director Jacob Meldgaard .

News for TORM Stock (TRMD)