- United States
- Marine and Shipping
Pangaea Logistics Solutions Full Year 2022 Earnings: Revenues Disappoint
Pangaea Logistics Solutions (NASDAQ:PANL) Full Year 2022 Results
Key Financial Results
- Revenue: US$699.7m (down 2.6% from FY 2021).
- Net income: US$79.5m (up 18% from FY 2021).
- Profit margin: 11% (up from 9.4% in FY 2021). The increase in margin was driven by lower expenses.
- EPS: US$1.79 (up from US$1.53 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pangaea Logistics Solutions Revenues Disappoint
Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) was mostly in line with analyst estimates.
The company's shares are down 12% from a week ago.
Be aware that Pangaea Logistics Solutions is showing 1 warning sign in our investment analysis that you should know about...
Valuation is complex, but we're helping make it simple.
Find out whether Pangaea Logistics Solutions is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free Analysis
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Pangaea Logistics Solutions
Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide.
Excellent balance sheet with solid track record and pays a dividend.