PANL
Pangaea Logistics Solutions, Ltd.7.33
-0.06-0.81%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
478.22MP/E (TTM)
24.43Basic EPS (TTM)
0.30Dividend Yield
0.04%Recent Filings
8-K
8-K
Appoints SSI-nominated director
Pangaea Logistics inked a cooperation agreement with Strategic Shipping Inc., its 29% stakeholder, appointing Paul M. Leand Jr. as independent Class III director effective November 26, 2025, expanding the board to ten. SSI commits to standstill curbs until June 30, 2026, and proxy support for the 2026 meeting slate. Board gains maritime expertise. Leand joins immediately.
10-Q
8-K
Q3 EBITDA jumps 20%
Pangaea Logistics posted Q3 net income of $12.2M ($0.19/share) and Adjusted EBITDA up 20% to $28.9M on $168.7M revenue, fueled by 22% more shipping days from last year's handy-size buys yet TCE rates 5% lower at $15,559/day. Ice-class fleet and COAs beat benchmarks by 10%. Fleet renewal rolls on: sold Strategic Endeavor, inked Bulk Freedom sale for $9.6M. Strong cash hits $94M.
8-K
CEO succession announced
Pangaea Logistics Solutions announced on September 17, 2025, that CEO Mark Filanowski will retire effective January 1, 2026, after eleven years steering the company through global shipping turbulence. COO Mads Petersen, with 16 years at Pangaea and over 20 in dry bulk shipping, steps up as President and CEO, joining the board the same day. Under Filanowski, the fleet tripled and terminals expanded to 10 sites. Petersen is primed to sustain growth.
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