International Container Terminal Services, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 11:08 am IST
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International Container Terminal Services, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 595 million compared to USD 494.06 million a year ago. Net income was USD 170.66 million compared to USD 119.71 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.052 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.052 a year ago.
For the nine months, revenue was USD 1,693.67 million compared to USD 1,403.66 million a year ago. Net income was USD 465.13 million compared to USD 316.37 million a year ago. Basic earnings per share from continuing operations was USD 0.215 compared to USD 0.132 a year ago. Diluted earnings per share from continuing operations was USD 0.215 compared to USD 0.132 a year ago.
International Container Terminal Services, Inc. is a Philippines-based independent terminal operator. The Company builds and operates origin and destination gateway terminals, which are fully equipped to handle international containerized dry cargoes, containerized refrigerated cargoes and non-containerized cargoes. The Company operates principally in one industry segment, cargo handling and related services. It has organized its business into three geographical segments: Asia, EMEA and Americas. Asia segment includes Manila, Zambales, Batangas, Laguna, Cavite, Davao, General Santos, Misamis Oriental, Indonesia and China. EMEA segment includes Poland, Georgia, Croatia, Madagascar, Pakistan, DR Congo and Iraq. Americas segment includes Brazil, Ecuador, Argentina, Mexico, Colombia and Honduras.