Pangaea Logistics Solutions Full Year 2022 Earnings: Revenues Disappoint

Simply Wall St

March 17, 2023

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).

earnings-and-revenue-history — NasdaqCM:PANL Earnings and Revenue History March 17th 2023

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.

Risk Analysis

Be aware that Pangaea Logistics Solutions is showing 1 warning sign in our investment analysis that you should know about...

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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.