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Complete financial analysis of Pangaea Logistics Solutions, Ltd. (PANL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Pangaea Logistics Solutions, Ltd., a leading company in the Marine Shipping industry within the Industrials sector.
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Pangaea Logistics Solutions, Ltd. (PANL)
About Pangaea Logistics Solutions, Ltd.
Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 499.27M | 699.71M | 718.10M | 382.90M | 412.20M | 372.97M | 385.09M | 238.02M | 287.33M | 398.28M | 392.47M | 387.06M |
| Cost of Revenue | 430.13M | 570.77M | 620.27M | 344.75M | 362.22M | 319.56M | 345.48M | 212.35M | 245.85M | 380.38M | 359.49M | 349.21M |
| Gross Profit | 69.14M | 128.94M | 97.84M | 38.14M | 49.97M | 53.42M | 39.61M | 25.67M | 41.49M | 17.90M | 32.98M | 37.85M |
| Gross Profit Ratio | 13.85% | 18.43% | 13.62% | 9.96% | 12.12% | 14.32% | 10.29% | 10.78% | 14.44% | 4.49% | 8.40% | 9.78% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 22.58M | 20.10M | 18.97M | 15.92M | 17.38M | 16.48M | 15.16M | 12.77M | 14.97M | 12.83M | 11.60M | 11.03M |
| Selling & Marketing | 200.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 22.78M | 20.10M | 18.97M | 15.92M | 17.38M | 16.48M | 15.16M | 12.77M | 14.97M | 12.83M | 11.60M | 11.03M |
| Other Expenses | 1.74M | 807.14K | 1.13M | 982.35K | 314.85K | 677.09K | 1.84M | -158.53K | -926.76K | -3.69M | 45.94K | 0.00 |
| Operating Expenses | 22.78M | 20.10M | 18.97M | 15.92M | 17.38M | 16.48M | 15.16M | 12.77M | 14.97M | 12.83M | 11.60M | 17.41M |
| Cost & Expenses | 454.65M | 590.87M | 639.23M | 360.67M | 379.60M | 336.04M | 360.64M | 225.12M | 260.81M | 393.21M | 371.09M | 366.61M |
| Interest Income | 3.57M | 21.49M | 11.51M | 7.83M | 9.28M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.53M |
| Interest Expense | 17.49M | 21.49M | 11.51M | 7.83M | 9.28M | 8.90M | 8.27M | 5.74M | 5.86M | 6.23M | 7.02M | 0.00 |
| Depreciation & Amortization | 30.07M | 29.49M | 22.97M | 17.06M | 18.53M | 17.62M | 15.61M | 14.11M | 12.73M | 11.67M | 9.61M | 6.68M |
| EBITDA | 76.10M | 138.32M | 101.85M | 39.28M | 44.86M | 54.55M | 40.92M | 27.00M | 39.25M | 4.25M | 32.15M | 26.32M |
| EBITDA Ratio | 15.24% | 19.88% | 14.34% | 10.52% | 12.48% | 14.81% | 10.88% | 11.28% | 13.34% | 3.27% | 7.91% | 6.80% |
| Operating Income | 44.62M | 105.51M | 78.87M | 19.70M | 32.91M | 36.07M | 15.17M | 12.89M | 20.53M | -2.49M | 21.38M | 19.64M |
| Operating Income Ratio | 8.94% | 15.08% | 10.98% | 5.14% | 7.98% | 9.67% | 3.94% | 5.42% | 7.14% | -0.63% | 5.45% | 5.08% |
| Total Other Income/Expenses | -15.62M | -20.00M | -6.50M | -7.00M | -6.21M | -12.09M | -6.93M | -3.73M | -7.16M | -11.15M | -5.87M | -3.73M |
| Income Before Tax | 29.00M | 85.51M | 72.37M | 12.69M | 17.05M | 23.98M | 9.10M | 9.16M | 13.37M | -13.65M | 15.51M | 15.91M |
| Income Before Tax Ratio | 5.81% | 12.22% | 10.08% | 3.31% | 4.14% | 6.43% | 2.36% | 3.85% | 4.65% | -3.43% | 3.95% | 4.11% |
| Income Tax Expense | 0.00 | 8.66M | 17.79M | 10.15M | 14.98M | 10.95M | 10.20M | -461.63K | 8.46M | 7.27M | -1.04M | 18.60M |
| Net Income | 26.32M | 79.49M | 67.23M | 2.54M | 2.07M | 17.76M | 7.81M | 7.46M | 11.28M | -12.13M | 15.45M | -2.69M |
| Net Income Ratio | 5.27% | 11.36% | 9.36% | 0.66% | 0.50% | 4.76% | 2.03% | 3.13% | 3.92% | -3.05% | 3.94% | -0.69% |
| EPS | 0.59 | 1.79 | 1.53 | 0.06 | 0.05 | 0.42 | 0.20 | 0.21 | 0.32 | -0.65 | 1.15 | -30.77 |
| EPS Diluted | 0.58 | 1.76 | 1.50 | 0.06 | 0.05 | 0.42 | 0.20 | 0.21 | 0.32 | -0.65 | 1.15 | -30.77 |
| Weighted Avg Shares Out | 44.77M | 44.40M | 44.00M | 43.42M | 42.75M | 42.25M | 38.41M | 35.16M | 34.78M | 18.73M | 13.42M | 87.32K |
| Weighted Avg Shares Out (Dil) | 45.48M | 45.06M | 44.85M | 43.82M | 43.27M | 42.78M | 38.93M | 35.38M | 34.96M | 18.73M | 13.42M | 87.33K |
Pangaea Logistics Solutions, Ltd. (PANL) Q3 2024 Earnings Call Transcript
Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL ) Q3 2024 Earnings Call Transcript November 13, 2024 8:00 AM ET Company Participants Stefan Neely - IR, Vallum Advisors Mark Filanowski - CEO Gianni Del Signore - CFO Mads Petersen - COO Conference Call...
Pangaea Logistics (PANL) Meets Q3 Earnings Estimates
Pangaea Logistics (PANL) came out with quarterly earnings of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.32 per share a year ago.
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended September 30, 2024
NEWPORT, R.I. , Nov. 12, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.
PANGAEA LOGISTICS SOLUTIONS ANNOUNCES THIRD QUARTER 2024 CONFERENCE CALL DATE
NEWPORT, R.I. , Nov. 5, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (Nasdaq: PANL, or "the Company"), a global provider of comprehensive maritime logistics solutions, today announced that it will issue third quarter 2024 results after the market closes on Tuesday,...
Pangaea Logistics Solutions Announces Agreement to Purchase Third Party Equity Ownership of Nordic Bulk Partners
NEWPORT, R.I. , Oct. 7, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.
Pangaea Logistics Solutions Expands Into Handysize Bulk Carrier Segment, Buy
Pangaea Logistics Solutions ("Pangaea") has agreed to acquire 15 handysize drybulk carriers for approximately $295 million including related debt in an all-stock transaction. The transaction will increase the company's owned fleet by almost 60% to 41 vessels and reduce loan-to-value...
Pangaea Logistics Solutions and M.T. Maritime Management Announce Agreement to Combine Fleets of Dry Bulk Vessels in All-Stock Transaction
NEWPORT, R.I., Sept. 23, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (Nasdaq: PANL), a global provider of comprehensive maritime logistics solutions, and M.T. Maritime Management (USA) LLC ("MTM"), managers of a diversified fleet of tankers and...
69 All Star And Graham Value Stocks; 49 Fit To Buy In August
Large Cap Value ranking by YCharts focuses on intrinsic firm value of large cap stocks. The Ben Graham Formula strategy selects stable stocks based on earnings, dividends, and valuation based on Graham's book “The Intelligent Investor”. 49 out of 69...
Pangaea Logistics Solutions: Upgrading On Improved Near-Term Outlook And Discounted Valuation
Pangaea Logistics Solutions reported better-than-expected Q2/2024 results, with both the company's top- and bottom-line results coming in ahead of consensus estimates. That said, adjusted EBITDA margin of 12.8% dropped to its lowest level in recent years as Pangaea's chartered-in fleet...
Pangaea Logistics (PANL) Tops Q2 Earnings and Revenue Estimates
Pangaea Logistics (PANL) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.10 per share a year ago.
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Category: Stock Reports