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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. Reports Financial Results for the Quarter Ended June 30, 2024
NEWPORT, RI, Aug. 8, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (Nasdaq: PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended June 30, 2024.
PANGAEA LOGISTICS SOLUTIONS ANNOUNCES SECOND QUARTER 2024 CONFERENCE CALL DATE
NEWPORT, R.I. , July 31, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (Nasdaq: PANL, or "the Company"), a global provider of comprehensive maritime logistics solutions, today announced that it will issue second quarter 2024 results after the market closes on Thursday,...
Pangaea Logistics Solutions, Ltd. (PANL) Q1 2024 Earnings Call Transcript
Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL ) Q1 2024 Earnings Conference Call May 10, 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 Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2024
NEWPORT, R.I. , May 9, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.
PANGAEA LOGISTICS SOLUTIONS ANNOUNCES FIRST QUARTER 2024 CONFERENCE CALL DATE
NEWPORT, R.I. , May 2, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (Nasdaq: PANL, or "the Company"), a global provider of comprehensive maritime logistics solutions, today announced that it will issue first quarter 2024 results after the market closes on Thursday, May...
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Pangaea Logistics: Despite The Discouraging Q4 2023 Results, It Is Still A Buy
Pangea Logistics reported disappointing FY23 results, causing a sell-off, but the panic was an overreaction, presenting a buying opportunity. The company has $99 million cash, $68 million long-term debt, and $264 million total debt (including $143 million lease agreements). PANL...
Pangaea Logistics Solutions Ltd. Announces Renewal of Shelf Registration Statement
NEWPORT, R.I., March 15, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Three Months and Year Ended December 31, 2023
NEWPORT, R.I. , March 13, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.
What's in Store for Pangaea Logistics (PANL) in Q4 Earnings?
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Source: https://incomestatements.info
Category: Stock Reports