– ZIM Integrated Shipping Services, press release (NYSE:ZIM): Q1 GAAP EPS of $14.19 beats by $1.38.

– Revenue of $3.72B (+113.8% Y/Y) beats by $230M.

– Adjusted EBITDA for the first quarter was $2.5B, a year-over-year increase of 209%

– Operating income (EBIT) for the first quarter was $2,2B, a year-over-year increase of 228%

To read the full post, please click here (free reg. is required).

CEO Eli Glickman said in his prepared remarks: 

“We are increasing our full year 2022 guidance, and now expect to generate Adjusted EBITDA between $7.8 billion and $8.2 billion and Adjusted EBIT between $6.3 billion and $6.7 billion. Our exceptional performance has also enabled us to continue returning substantial capital to shareholders, including a Q1 2022 dividend of $2.85 per share. We are excited to carry our exceptional momentum forward, continue executing our global-niche strategy and advancing ZIM’s position as an innovative digital leader of seaborne transportation to maximize long-term shareholder value.”

The full statement is here: “ZIM Reports Record Financial Results for the First Quarter of 2022“. 

Stock up 3% to $67 in pre-market at the time of writing. Dow, S&P, Nasdaq futures down between 0.6% and 1.1%.

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