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Sep 30, 2021
Pangaea Q3 2021 Earnings Report
Reported record financial results.
Key Takeaways
Pangaea Logistics Solutions Ltd. announced record financial results for the third quarter ended September 30, 2021, with a net income of $27.0 million and adjusted EBITDA of $33.6 million.
Net income attributable to Pangaea Logistics Solutions Ltd. was $27.0 million, compared to $7.6 million for the same period of 2020.
Diluted net income per share was $0.60, compared to $0.17 for the same period of 2020.
Pangaea's TCE rates were $28,770 per day, compared to $13,316 per day for the same period of 2020.
Adjusted EBITDA was $33.6 million, compared to $15.4 million for the same period of 2020.
Revenue by Segment
Forward Guidance
The Company will continue to be opportunistic and is well positioned to face whatever market is around the corner.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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