Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
HAIFA, Israel - ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) reported fourth-quarter earnings that surpassed analyst expectations, sending shares up 3.4% in response to the positive results and outlook.
The global container shipping company posted adjusted earnings per share of $4.66 for Q4, significantly beating the analyst consensus of $2.83. Revenue for the quarter came in at $2.17 billion, also topping estimates of $1.91 billion and representing an 80% YoY increase.
ZIM’s carried volume reached a record 982,000 TEUs in Q4, up 25% YoY. For the full year 2024, the company achieved 14% volume growth to 3,751,000 TEUs, outpacing overall market growth of approximately 6%.
"We are pleased and proud with the Company’s outstanding performance in 2024, during which we delivered record carried volume as well as exceptional profitability," said Eli Glickman, ZIM’s President & CEO.
The company provided guidance for full-year 2025, projecting adjusted EBITDA between $1.6 billion and $2.2 billion and adjusted EBIT between $350 million and $950 million. This outlook assumes trade conditions in the Red Sea will not normalize until the second half of the year at the earliest.
ZIM declared a Q4 dividend of $3.17 per share, bringing total 2024 dividends to $7.98 per share or approximately 45% of full-year net income.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.