Pangaea Logistics Solutions Ltd. Reports Financial Results for the Three Months and Year Ended December 31, 2019

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Go back to Pangaea Logistics Solutions Ltd. Reports Financial Results for the Three Months and Year Ended December 31, 2019

Pangaea Logistics Solutions (PANL) Reports In-Line Q4 EPS, Revenues Beat

March 23, 2020 4:08 PM EDT

Pangaea Logistics Solutions (NASDAQ: PANL) reported Q4 EPS of $0.10, in-line with the analyst estimate of $0.10. Revenue for the quarter came in at $130.5 million versus the consensus estimate of $99.37 million.

4th Quarter 2019 Highlights

Net loss of $4.4 million, which includes total losses on impairment and sale of vessels of $9.3 million, as compared to a net loss of $0.6 million in the same period of 2018.Non-GAAP adjusted net income attributable to Pangaea Logistics Solutions Ltd. of $4.4 million, as compared to $3.7 million for the same period of 2018.Adjusted Earnings per share of $0.10, as compared to... More