See more : Prism Johnson Limited (PRSMJOHNSN.NS) Income Statement Analysis – Financial Results
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 |
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Pangaea Logistics Solutions Ltd (PANL) Q3 2023 Earnings Call Transcript
Pangaea Logistics Solutions Ltd (NASDAQ:PANL ) Q3 2023 Results Conference Call November 9, 2023 8:00 AM ET Company Participants Noel Ryan - IR Mark Filanowski - CEO Gianni Signore - CFO Mads Petersen - COO Conference Call Participants Liam Burke...
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