PANL Stock News & Sentiment

NEWPORT, R.I. , Feb. 13, 2025 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.

NEWPORT, R.I. , Jan. 6, 2025 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL ) Q3 2024 Earnings Call Transcript November 13, 2024 8:00 AM ET Company Participants Stefan Neely - IR, Vallum Advisors Mark Filanowski - CEO Gianni Del Signore - CFO Mads Petersen - COO Conference Call Participants Liam Burke - B.

Pangaea Logistics (PANL) came out with quarterly earnings of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.32 per share a year ago.

NEWPORT, R.I. , Nov. 12, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.

NEWPORT, R.I. , Nov. 5, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (Nasdaq: PANL, or "the Company"), a global provider of comprehensive maritime logistics solutions, today announced that it will issue third quarter 2024 results after the market closes on Tuesday, November 12, 2024.

Pangaea Logistics Solutions ("Pangaea") has agreed to acquire 15 handysize drybulk carriers for approximately $295 million including related debt in an all-stock transaction. The transaction will increase the company's owned fleet by almost 60% to 41 vessels and reduce loan-to-value to slightly below 40%. The company's shares will be valued at $10.20 in the transaction, a 55% premium to current market prices.

Pangaea Logistics Solutions reported better-than-expected Q2/2024 results, with both the company's top- and bottom-line results coming in ahead of consensus estimates. That said, adjusted EBITDA margin of 12.8% dropped to its lowest level in recent years as Pangaea's chartered-in fleet was running at a loss. With preliminary Q3 daily time charter equivalent rates up and charter-in rates down by more than 10% sequentially, Pangaea should report vastly improved third-quarter results.

Pangaea Logistics (PANL) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.10 per share a year ago.