Earnings Call Summary | Pangaea Logistics Solutions(PANL.US) Q1 2024 Earnings Conference
Earnings Call Summary | Pangaea Logistics Solutions(PANL.US) Q1 2024 Earnings Conference
The following is a summary of the Pangaea Logistics Solutions, Ltd. (PANL) Q1 2024 Earnings Call Transcript:
以下是Pangea物流解決方案有限公司（PANL）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Pangaea reported an adjusted net income of $6.6 million and adjusted EBITDA of $19.9 million in Q1, showing a 23% YoY increase. The adjusted EBITDA margin also strengthened by 400 basis points YoY.
Profitability was boosted by a 41% increase in published market rates for their Supramax and Panamax vessels.
The quarter ended with a sizable cash balance of $95.9 million and total debt, including finance lease obligations, at $258 million.
Pangea報告稱，第一季度調整後的淨收入爲660萬美元，調整後的息稅折舊攤銷前利潤爲1,990萬美元，同比增長23％。調整後的息稅折舊攤銷前利潤率也同比提高了400個點子。
他們的Supramax和Panamax船舶公佈的市場價格上漲了41％，這提高了盈利能力。
本季度末現金餘額可觀，爲9,590萬美元，總債務（包括融資租賃債務）爲2.58億美元。
Business Progress:
業務進展：
Pangaea continued to derive higher-than-average TCE rates due to its adaptable cargo-focused business model, enabling it to outrun the prevailing market.
The company made a strategic investment with the acquisition of two 58,000 deadweight ton sister ships for $56.6 million, with expected delivery in Q3.
A long-term lease agreement in the Port of Tampa was executed to handle dry bulk commodities, providing a significant growth opportunity for their terminal and stevedoring business.
So far in Q2, over 2,890 shipping days have been booked at an average TCE rate of $16,200 per day.
Pangea的TCE利率繼續高於平均水平，這要歸因於其適應性強的以貨運爲中心的商業模式，使其能夠超越當前市場。
該公司進行了戰略投資，以5,660萬美元的價格收購了兩艘重達58,000噸的姊妹船，預計將在第三季度交付。
坦帕港簽訂了處理幹散裝商品的長期租賃協議，爲其碼頭和裝卸業務提供了巨大的增長機會。
到目前爲止，在第二季度中，已經預訂了超過2,890個發貨日，平均TCE費率爲每天16,200美元。
More details: Pangaea Logistics Solutions IR
更多詳情： Pangea物流解決方案IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。