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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 (PANL) Surpasses Q3 Earnings and Revenue Estimates
Pangaea Logistics (PANL) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.52 per share a year ago.
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended September 30, 2023
NEWPORT, R.I. , Nov. 8, 2023 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.
PANGAEA LOGISTICS SOLUTIONS ANNOUNCES THIRD QUARTER 2023 CONFERENCE CALL DATE
NEWPORT, R.I. , Oct. 30, 2023 /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 2023 results after the market closes on Wednesday,...
Pangaea Logistics Solutions Ltd. Awarded First Dry Bulk "Silent E" Certification
NEWPORT, R.I. , Oct. 12, 2023 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.
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Pangaea Logistics Solutions: Best-In-Class Maritime Shipper Weathering Industry Downturn
Pangaea Logistics Solutions is a dry bulk maritime shipping company offering transportation of bulk cargo in the Arctic and Caribbean regions. The company has a flexible fleet structure and long-term agreements with many clients, allowing it to navigate market downturns...
Pangaea Logistics (PANL) Misses Q2 Earnings and Revenue Estimates
Pangaea Logistics (PANL) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.64 per share a year ago.
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended June 30, 2023
NEWPORT, R.I. , Aug. 9, 2023 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.
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