Pangaea Logistics Solutions Ltd. Reports Financial Results for the Three Months and Year Ended December 31, 2020 and Change in Composition of its Board of Directors

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Go back to Pangaea Logistics Solutions Ltd. Reports Financial Results for the Three Months and Year Ended December 31, 2020 and Change in Composition of its Board of Directors

Pangaea Logistics Solutions (PANL) Tops Q4 EPS by 7c, Revenues Beat

March 15, 2021 4:17 PM EDT

Pangaea Logistics Solutions (NASDAQ: PANL) reported Q4 EPS of $0.14, $0.07 better than the analyst estimate of $0.07. Revenue for the quarter came in at $112.85 million versus the consensus estimate of $98.05 million.

4th Quarter 2020 Highlights

Net income of $7.6 million, as compared to a net loss of $4.4 million in the same period of 2019.Non-GAAP adjusted net income attributable to Pangaea Logistics Solutions Ltd. of $6.2 million, as compared to $4.4 million for the same period of 2019.Adjusted Earnings per share of $0.14, as compared to $0.10 for the same period of 2019.Pangaea's TCE rates... More