Pangaea Q2 net income $2.8M ($0.06/diluted), revenue $118M; TCE rates down 43% YoY

Pangaea Logistics Solutions Ltd.

2023-Q2 EPS reported $0.14 revenue$231,774,729

Net income attributable to Pangaea $2.8M ($0.06 diluted); adjusted net income $4.6M ($0.10 diluted).
Revenue $118.1M; TCE rates $15,558/day (-43% YoY); adjusted EBITDA $15.9M (-64% YoY).
Acquired Bulk Prudence (61,000 dwt) for $26.6M cash and port terminal ops in FL and MD.
Declared $0.10/share quarterly dividend, payable Sept 15, record Sept 1.
Q3 guidance: ~3,500 shipping days booked at TCE $16,700/day.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Pangaea Logistics Solutions Ltd. reported three months ended June 30, 2023 results: revenue $118.1 million, net income non-GAAP adjusted net income of $4.6 million, EPS $0.10 per diluted share.

Period: three months ended June 30, 2023
Revenue: $118.1 million
Net income: non-GAAP adjusted net income of $4.6 million
EPS: $0.10 per diluted share
Result: reported results

Exact text from the filing

Net income attributable to Pangaea of $2.8 million, or $0.06 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Pangaea Logistics Solutions Ltd. reported three months ended June 30, 2023 results: revenue $118.1 million, net income non-GAAP adjusted net income of $4.6 million, EPS $0.10 per diluted share.

Period: three months ended June 30, 2023
Revenue: $118.1 million
Net income: non-GAAP adjusted net income of $4.6 million
EPS: $0.10 per diluted share
Result: reported results

Exact text from the filing

Pangaea reported non-GAAP adjusted net income of $4.6 million, or $0.10 per diluted share, on total revenue of $118.1 million.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

Pangaea Logistics Solutions Ltd. filing history →

Source: SEC EDGAR

accession 0001606909-23-000114

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.