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Global Ship Lease Inc (GSL)
NYSE:GSL
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.35Last Year’s EPS
$2.49Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -11.81%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a positive sentiment with strong revenue growth, successful refinancing, and robust charter market positioning. Despite geopolitical uncertainties and the need for future fleet renewal, GSL demonstrated resilience and a strategic approach to shareholder returns and debt management.Company Guidance
During the Global Ship Lease Third Quarter 2024 Earnings Call, the company provided guidance reflecting strong performance and strategic financial management. The company reported $1.8 billion in contracted revenues with over 2.3 years of remaining contract cover. In the first nine months of 2024, GSL added approximately $600 million in contracted revenues, with $200 million of that in the third quarter alone. The company also completed a $300 million refinancing, reducing its average cost of debt to below 4%, and consequently, its daily breakeven rates dropped below $9,100. GSL maintained a healthy cash position of $405 million, including $118 million in restricted cash, and announced an annualized dividend of $1.80 per share. Additionally, the company highlighted its robust total shareholder return of greater than 350% over the past five years, outperforming the S&P 500 by three times over the same period.Strong Contracted Revenue Growth
In the first 9 months of the year, GSL added approximately $600 million in contracted revenues, with $200 million added in the third quarter alone.
Successful Refinancing and Low Debt Cost
Completed a $300 million refinancing, reducing the average cost of debt to below 4%.
Positive Shareholder Returns
Introduced a supplemental dividend, bringing the annualized dividend to $1.80 per share. Over the last 5 years, total shareholder return exceeded 350%.
Robust Charter Market
Secured $1.8 billion in contracted revenues over 2.3 years of remaining contract cover. The charter market remains strong with full steam demand.
Debt Reduction and Delevering Strategy
Lowered gross debt by over $135 million in the first 9 months of the year, with plans to reduce starting debt to below $650 million by year's end.
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GSL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GSL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $24.10 | $22.80 | -5.39% |
| Aug 05, 2024 | $23.91 | $24.11 | +0.84% |
| May 16, 2024 | $23.62 | $25.04 | +6.01% |
| Mar 04, 2024 | $19.57 | $17.87 | -8.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Global Ship Lease Inc (GSL) report earnings?
Global Ship Lease Inc (GSL) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Global Ship Lease Inc (GSL) earnings time?
Global Ship Lease Inc (GSL) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GSL EPS forecast?
GSL EPS forecast for the fiscal quarter 2024 (Q4) is $2.35.
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