International Container Terminal: Still Bullish Considering Tariff Developments And Q1 Outperformance

  • I remain bullish on International Container Terminal, after looking at its risk factors and latest performance. ICTS's EBITDA rose strongly by +19% YoY, thanks to throughput growth, yield expansion, and margin improvement. Its tariff-related risks are less significant than feared, taking into account geopolitical developments and management disclosures.