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Global Ship Lease Inc (GSL)
NYSE:GSL
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.31Last Year’s EPS
2.53Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -10.74%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlights significant financial achievements, strategic fleet management, and a strong market position. Despite geopolitical uncertainties and concerns about the aging fleet, the company's proactive measures in debt management, dividend increases, and fleet renewal indicate a robust and positive outlook.Company Guidance
In the Global Ship Lease, Inc. 2024 Q4 earnings call, the company reported a robust financial performance for the year, achieving $9.74 earnings per share, which adjusted to nearly $10 EPS on a normalized basis. The company added $714 million in contracted revenues in 2024, including $118 million in Q4, with an additional $171 million secured in early 2025. The cost of debt was reduced to 3.85%, and the average debt maturity extended to 4.2 years. They announced an annualized dividend increase to $2.10 per share, a 17% rise, reflecting a 40% increase since introducing a supplemental dividend. The company has $1.9 billion in contracted revenues, ensuring 2.3 years of coverage, and has made strategic fleet adjustments, acquiring four eco-friendly vessels and divesting three older ships, enhancing their asset base while maintaining financial flexibility.Strong Financial Performance
Generated $9.74 earnings per share, rising to just below $10 EPS on a normalized basis for 2024. Added $714 million of contracted revenues in 2024, with $118 million added in Q4 and another $171 million added in early 2025.
Debt Management and Dividend Increase
Lowered outstanding debt and cost of debt to 3.85%. Increased dividend by 17% to $2.10 per share annualized, representing a 40% increase since the introduction of the supplemental dividend.
Fleet Renewal Strategy
Purchased four high-specification, high-earning eco 9,000 TEU ships at a 30% discount to charter-free market value. Rotated out three of the oldest ships on attractive terms.
Charter Portfolio and Market Position
As of December 31, 2024, close to $1.9 billion in contracted revenues, amounting to 2.3 years of average remaining contract cover. Added 50 charters for approximately $885 million of contracted revenues.
Low Breakeven Rates
Achieved breakeven rates just above $9,200 per day, supporting financial stability and optionality.
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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 |
|---|---|---|---|
| Mar 05, 2025 | $21.32 | $23.06 | +8.16% |
| Nov 11, 2024 | $23.62 | $22.35 | -5.38% |
| Aug 05, 2024 | $23.43 | $23.63 | +0.85% |
| May 16, 2024 | $23.15 | $24.54 | +6.00% |
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 May 12, 2025, TBA Not Confirmed.
What is Global Ship Lease Inc (GSL) earnings time?
Global Ship Lease Inc (GSL) earnings time is at May 12, 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 2025 (Q1) is 2.31.
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