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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: Giveaway Valuation And Rare Chart Strength
Pangaea Logistics Solutions, Ltd. is fighting the price downtrend in transportation and marine shipping stocks in late 2022. Ultra-low valuations at or near records for Pangaea Logistics Solutions stock are noteworthy, with a trailing P/E under 3x and large discount...
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PANGAEA LOGISTICS SOLUTIONS ANNOUNCES THIRD QUARTER 2022 CONFERENCE CALL AND WEBCAST DATE
NEWPORT, R.I. , Nov. 2, 2022 /PRNewswire/ -- Pangaea Logistics Solutions (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, today announced that it will issue third quarter 2022 results after the market closes on Wednesday, November 9, 2022.
Pangaea Logistics (PANL) Upgraded to Buy: Here's Why
Pangaea Logistics (PANL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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Pangaea Logistics Solutions, Ltd. (PANL) CEO Mark Filanowski on Q2 2022 Results - Earnings Call Transcript
Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL ) Q2 2022 Earnings Conference Call August 10, 2022 8:00 AM ET Company Participants Emily Blum - IR, Prosek Partners Mark Filanowski - CEO Gianni Del Signore - CFO Mads Boye Petersen - Chief Operating...
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