Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2024 [Yahoo! Finance]
Pangaea Logistics Solutions Ltd. (PANL)
Last pangaea logistics solutions ltd. earnings: 3/23 04:05 pm
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Source: Yahoo! Finance
comprehensive maritime logistics solutions, announced today its results for the three months ended March 31, 2024. FIRST QUARTER 2024 RESULTS Net income attributable to Pangaea of $11.7 million , or per diluted share Adjusted net income attributable to Pangaea of .6 million, or per diluted share Operating cash flow of $9.0 million Adjusted EBITDA of $19.9 million Time Charter Equivalent ("TCE") rates earned by Pangaea of per day Pangaea's TCE rates exceeded the average Baltic Panamax and Supramax indices by 29% Ratio of net debt to trailing twelve-month Adjusted EBITDA of 2.0x Announced the acquisition of two 58,000 dwt bulk vessels for $56.6 million in May 2024 For the first quarter ended March 31, 2024, Pangaea reported non-GAAP adjusted net income of $6.6 million , or per diluted share, on total revenue of $104.7 million . First quarter TCE rates increased 23% on a year-over-year basis, while total shipping days, which include both voyage and time charter days,
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News
- Pangaea Logistics Solutions, Ltd. (NASDAQ: PANL) was upgraded by analysts at Alliance Global Partners from a "neutral" rating to a "buy" rating.MarketBeat
- Pangaea Logistics Solutions First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Pangaea Logistics Solutions, Ltd. (NASDAQ: PANL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2024PR Newswire
PANL
Earnings
- 5/9/24 - Beat
PANL
Sec Filings
- 5/9/24 - Form 8-K
- 5/9/24 - Form 10-Q
- 3/27/24 - Form EFFECT
- PANL's page on the SEC website