NASDAQ$PANL

Pangaea Logistics Solutions Ltd · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Pangaea reported a net loss including losses on vessel sales and impairment, but adjusted net income increased year-over-year.

Pangaea Logistics Solutions Ltd. reported a net loss of $4.4 million for Q4 2019, which included $9.3 million in losses from vessel impairments and sales. However, non-GAAP adjusted net income attributable to Pangaea Logistics Solutions Ltd. was $4.4 million, compared to $3.7 million in the same period of 2018. Total revenue increased to $130.5 million from $101.8 million in Q4 2018.

  • Net loss of $4.4 million, including $9.3 million in vessel impairment and sale losses.
  • Non-GAAP adjusted net income was $4.4 million, up from $3.7 million year-over-year.
  • Adjusted earnings per share was $0.10, compared to $0.09 in the same period of 2018.
  • Total revenue increased to $130.5 million, compared to $101.8 million year-over-year.

Headline financials

Total Revenue

$130M

Previous: $102M+28.1%
EPS (adj)

$0.10

Previous: $0.09+11.1%
Time Charter Equivalent (TCE) Rate

$15.2K

Previous: $14.4K+5.7%
Total Shipping Days

5.2K

Previous: 4.3K+22.2%
Net Income

-$3.01M

Previous: -$618K-387.1%
Operating Income

-$873K

Previous: $7.69M-111.4%
Gross Profit

$13.7M

Previous: $12M+14.3%
Cash & Equivalents

$50.6M

Previous: $53.6M-5.7%
Total Assets

$480M

Previous: $453M+5.8%
Stock-Based Comp

$371K

Previous: $136K+173.7%

Revenue & EPS history

Pangaea · Revenue · Quarterly

$130M

Q4 2019+28.1%vs Q4 2018
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Revenue by segment

Pangaea · $171M total across 3 segments · Q1 2026

  • Voyage revenue
    $152M
  • Charter revenue
    $12.4M
  • Port terminal & stevedore
    $6.14M

Forward guidance

Due to the unprecedented and uncertain conditions caused by the coronavirus (COVID-19) global pandemic, and the potential impact responses might have on the Company's short term earnings and cash flow, the Board of Pangaea Logistics Solutions Ltd., as a precautionary measure, will not declare and pay a dividend for the first quarter of 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-0.7%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-0.9%

Avg return

30 days after

45%

22 / 49 earnings

Positive

+36.9%

Q1 2014

Best reaction

-19.1%

Q3 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%+4.3%-6.9%
Q4 2025-13.5%-16.6%-12.7%
Q3 2025+18.1%+30.8%+45.2%
Q1 2025+0.9%+1.1%+6.2%
Q4 2024+12.2%+13.6%-11.2%
Q3 2024-6.5%-6.5%-20.9%
Q2 2024-0.5%-0.8%-4.3%
Q1 2024-1.6%+3.0%+1.7%
Q4 2023-16.3%-19.3%-19.9%
Q3 2023+5.1%+8.1%+15.7%
Q2 2023-12.0%-14.7%-23.4%
Q1 2023+1.2%+1.5%+3.0%
Q4 2022-7.4%-15.8%-0.2%
Q3 2022-4.7%-1.6%-4.7%
Q2 2022+9.9%+12.1%-4.6%
Q1 2022+9.3%+7.7%+22.0%
Q4 2021-3.3%+4.3%-3.0%
Q3 2021+5.2%-0.7%-11.1%
Q2 2021+0.6%-4.9%+8.9%
Q1 2021-8.6%-2.6%+7.3%
Q4 2020+5.9%+4.3%-9.3%
Q3 2020-11.8%-12.1%-14.4%
Q2 2020-3.1%-5.5%-15.7%
Q1 2020-10.4%-13.9%-0.4%
Q4 2019+7.6%+12.4%+17.6%
Q3 2019-6.0%-4.2%-9.0%
Q2 2019-3.5%-9.3%-6.3%
Q1 2019+0.6%-0.9%-4.6%
Q4 2018-3.3%-6.2%+2.4%
Q3 2018+0.9%-1.2%-10.9%
Q2 2018+7.1%+4.8%+3.9%
Q1 2018+1.8%+4.5%-2.4%
Q4 2017+1.7%+0.3%+10.0%
Q3 2017+22.3%+16.8%-4.8%
Q2 2017+0.8%-3.5%+2.7%
Q1 2017+4.0%+3.7%-4.6%
Q4 2016-2.1%-1.8%-2.9%
Q3 2016+0.0%+17.6%+23.9%
Q2 2016+1.7%+1.3%+1.3%
Q1 2016-5.9%
Q4 2015-1.7%
Q3 2015+0.7%
Q2 2015-2.4%
Q1 2014+36.9%
Q4 2014-2.9%
Q2 2014-2.9%
Q3 2014-19.1%
Q3 2013-19.1%
Q4 2013-19.1%
Q2 2013
Q1 2013

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