Pangaea Logistics Solutions, Ltd. (PANL)

PANL Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	554.59	536.54	499.27	699.71	718.1	382.9
Revenue Growth (YoY)	13.11%	7.46%	-28.65%	-2.56%	87.55%	-7.11%
Cost of Revenue	456.76	433.09	400.06	541.28	597.29	327.7
Gross Profit	97.83	103.45	99.21	158.43	120.81	55.2
Selling, General & Admin	24.62	24.63	22.78	20.1	18.97	15.92
Operating Expenses	57.49	55	52.85	49.59	41.94	32.97
Operating Income	40.35	48.45	46.36	108.83	78.87	22.23
Interest Expense	-18.55	-17.07	-17.03	-15.7	-11.51	-7.83
Interest & Investment Income	2.59	3.02	3.57	0.93	-	-
Other Non Operating Income (Expenses)	-4.38	0.47	-2.16	1.49	5.02	0.83
EBT Excluding Unusual Items	20.01	34.87	30.74	95.55	72.37	15.22
Gain (Loss) on Sale of Assets	-	-	-1.74	-0.32	-	-0.73
Asset Writedown	-	-	-	-3.01	-	-1.8
Pretax Income	20.01	34.87	29	92.23	72.37	12.69
Earnings From Continuing Operations	20.01	34.87	29	92.23	72.37	12.69
Minority Interest in Earnings	-4.76	-5.97	-2.68	-12.73	-5.15	-1.34
Net Income	15.25	28.9	26.32	79.49	67.23	11.35
Net Income to Common	15.25	28.9	26.32	79.49	67.23	11.35
Net Income Growth	-55.83%	9.80%	-66.88%	18.24%	492.19%	-2.62%
Shares Outstanding (Basic)	50	45	45	44	44	43
Shares Outstanding (Diluted)	51	46	45	45	45	44
Shares Change (YoY)	10.63%	1.26%	0.92%	0.47%	2.35%	1.27%
EPS (Basic)	0.30	0.64	0.59	1.79	1.53	0.26
EPS (Diluted)	0.30	0.63	0.58	1.76	1.50	0.26
EPS Growth	-59.37%	8.62%	-67.05%	17.33%	476.93%	-3.70%
Free Cash Flow	-17.35	-3.74	26.52	98.41	-134.91	17.91
Free Cash Flow Per Share	-0.34	-0.08	0.58	2.18	-3.01	0.41
Dividend Per Share	0.400	0.400	0.400	0.300	0.110	0.020
Dividend Growth	-	-	33.33%	172.73%	450.00%	-80.95%
Gross Margin	17.64%	19.28%	19.87%	22.64%	16.82%	14.42%
Operating Margin	7.27%	9.03%	9.29%	15.55%	10.98%	5.80%
Profit Margin	2.75%	5.39%	5.27%	11.36%	9.36%	2.96%
Free Cash Flow Margin	-3.13%	-0.70%	5.31%	14.06%	-18.79%	4.68%
EBITDA	73.21	78.82	76.43	138.32	101.85	39.28
EBITDA Margin	13.20%	14.69%	15.31%	19.77%	14.18%	10.26%
D&A For EBITDA	32.86	30.38	30.07	29.49	22.97	17.06
EBIT	40.35	48.45	46.36	108.83	78.87	22.23
EBIT Margin	7.27%	9.03%	9.29%	15.55%	10.98%	5.80%
Revenue as Reported	554.59	536.54	499.27	699.71	718.1	382.9

Updated May 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q