ICTSI net income jumps 26% to $267.72 million in Q3

International Container Terminal Services, Inc. (ICTSI) reported a 26.27% increase in its third-quarter net income, reaching $267.72 million.

This growth was driven by a 19.67% rise in gross revenues to $827.74 million, attributed to higher cargo volumes and improved port revenues.

Consolidated volume saw an increase, handling more twenty-foot equivalent units (TEUs) compared to the previous year.

Year-to-date, ICTSI's net income has climbed 18.81% to $751.56 million, with gross revenues up 19.67% to $827.74 million.

Chairman and President Enrique Razon highlighted the company's resilience and operational excellence, emphasizing ongoing investments in strategic expansions and new opportunities across the Americas, Asia, and Europe, Middle East, and Africa (EMEA).