TORM Reports Strong Q3 Results with Revenue Beat and Increased FY2026 Outlook
TORM (TRMD) reported robust third-quarter financial results, significantly exceeding expectations. The company posted a GAAP EPS of $1.91 on revenue of $499 million, representing a 45.7% increase year-over-year and beating estimates by $143.39 million. Time charter equivalent earnings reached USD 353 million for the quarter, up from USD 236 million in the same period last year. Driven by this strong operational performance, TORM has raised its financial outlook for the full fiscal year 2026.
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