Atlas reports Q1 22 results

trading update concept, red hot key on keyboard. 3D rendering

© Alexlmx

By LoadstarEditorial

11/05/2022

PRESS RELEASE

Adjusted EBITDA(1) growth of 16.5% to $277.1 million driven by highly differentiated business model

LONDON, UK, May 11, 2022 /CNW/ ? Atlas (“Atlas” or the “Company”) (NYSE: ATCO) announced today its results for the quarter ended March 31, 2022.

Financial Highlights:

– First quarter 2022 financial performance compared to first quarter 2021:

– Revenue growth of 9.5% to $408.1 million

– Net earnings of $169.4 million and Diluted EPS of $0.56

– Adjusted EBITDA(1) growth of 16.5% to $277.1 million

Comment on this article

You must be logged in to post a comment.

Topics

Seaspan CMA CGM Getting to Zero Coalition Global Maritime Forum Hapag-Lloyd the Friends of Ocean Action UMAS University College London World Economic Forum

Most Read

Protests at China lockdowns spread, with supply chains looking vulnerable again

2M split may be on the horizon as tonnage-rich MSC prepares to go it alone

'A hard landing' as Asia-North Europe freight rates collapse to $1,000 a box

Decaying demand sees China's ports building empty container mountains

Things 'not all bad', says Maersk as it revamps network for the 'new normal'

Acquisition of German forwarder Fair Trade will boost Allcargo's NVOCC reach

Fears that transatlantic rates may sink under the weight of extra tonnage

Fate of TradeLens data in the ether as Maersk ditches blockchain platform

CMA CGM Air Cargo in Q3: profit, loss or breakeven? Not saying

DB Schenker – 'It's complicated'

Ocean carrier CMA CGM bucks negative growth trends and profits swell

Lines adopt 'wait-and-see' pose in Korea as truck strike negotiations fail

Fate of the air cargo market 'largely in the hands of US consumers'

Flexport's Petersen courting Amazon

Sea Consortium sues for $29.4m in cargo lost when TSS Pearl sank

President Biden calls on Congress to intervene as rail dispute threatens US industry