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.

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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