Pangaea Logistics Solutions, Ltd. (PANL) Income Statement Analysis

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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)

Industry: Marine Shipping

Sector: Industrials

Website: https://www.pangaeals.com

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

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