Stolt-Nielsen Q1 Net Profit $52.3 Million Beats Estimates of $34 Million

Donnerstag, 31.03.2022 08:40 von PLX

• (PLX AI) – Stolt-Nielsen reports first-quarter net profit attributable to shareholders of $52.3 million.
• • Consensus estimate was $34 million
• • Stolt-Nielsen reported preliminary unaudited results earlier than expected
• • Q1 revenue $606.2 million vs. estimate $605.5 million
• • Stolt Tankers reported operating profit of $25.0 million, up from $19.2 million as rising bunker prices were more than offset by bunker surcharges and higher spot freight rates
• • Stolt Tank Containers reported operating profit of $40.0 million, up from $36.4 million, reflecting improved transportation margin and higher demurrage revenue