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Pangaea Logistics Solutions (PANL)
NASDAQ:PANL
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.08Last Year’s EPS
0.14Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: 12.19%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The call highlighted significant achievements such as a strong EBITDA increase, strategic fleet expansion, and TCE outperformance. However, there are notable challenges including potential tariff impacts, increased interest expenses, and soft market conditions. Despite these challenges, the company demonstrated resilience through strategic growth and financial performance.Company Guidance
During the Pangaea Logistics Solutions Fourth Quarter and Full Year 2024 Earnings Teleconference, several key metrics and strategic insights were highlighted. The company reported a greater than 20% year-over-year increase in adjusted EBITDA despite a 22.6% decrease in prevailing market rates during the fourth quarter, demonstrating strong performance in a challenging market. The adjusted net income for the fourth quarter was $7.6 million, with an adjusted EBITDA of $23.2 million and a TCE rate of $15,941 per day, outperforming the benchmark index by 48%. The merger with SSI, adding 15 Handysize dry bulk vessels, expanded the total fleet to 41 owned vessels and an operating fleet of 60 to 70 vessels. This strategic move is aimed at strengthening logistics and terminal services. The company also highlighted its asset-light cargo-centric model, which enhances flexibility and cost efficiency. Looking forward, the first quarter of 2025 experienced seasonal softness with a TCE rate of $11,412 per day, and 4,982 shipping days booked. The leadership expressed confidence in continuing to drive profitable growth and maintaining a balanced capital allocation strategy focused on fleet renewal, debt reduction, and sustained shareholder returns.Significant EBITDA Increase
Pangaea reported a greater than 20% year-over-year increase in adjusted EBITDA despite a 22.6% decrease in prevailing market rates.
Merger Completion
Successfully completed a merger with SSI, adding 15 Handysize dry bulk vessels, expanding their fleet to 41 owned vessels and 60-70 operating vessels.
TCE Rate Outperformance
Achieved a Time Charter Equivalent (TCE) rate that exceeded the benchmark index by 48% in the fourth quarter.
Strong Financial Results
Reported adjusted net income of $7.6 million and adjusted EBITDA of $23.2 million for the fourth quarter of 2024.
Strategic Fleet Expansion
Expanded fleet through vessel acquisitions, fleet combination, and JV buyout, indicating confidence in their business plan.
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PANL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PANL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $4.84 | $5.43 | +12.19% |
| Nov 12, 2024 | $6.52 | $6.07 | -6.90% |
| Aug 08, 2024 | $6.21 | $6.13 | -1.29% |
| May 09, 2024 | $7.28 | $7.08 | -2.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pangaea Logistics Solutions (PANL) report earnings?
Pangaea Logistics Solutions (PANL) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Pangaea Logistics Solutions (PANL) earnings time?
Pangaea Logistics Solutions (PANL) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PANL EPS forecast?
PANL EPS forecast for the fiscal quarter 2025 (Q1) is -0.08.
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