PANL - Pangaea Logistics Non-GAAP EPS of $0.52 misses by $0.04 revenue of $184.5M beats by $3.49M

• Pangaea Logistics press release ( NASDAQ: PANL ): Q3 Non-GAAP EPS of $0.52 misses by $0.04 .
• Revenue of $184.5M (-13.4% Y/Y) beats by $3.49M .
• Adjusted EBITDA of $38.5 million, an increase of  14% y/y
• Operating cash flow of $32.6 million, an increase of 41% y/y
• Time Charter Equivalent ("TCE") rates earned by Pangaea of $24,107 per day, a decline of 16% y/y
• Cash and cash equivalents of $117.9 million, an increase of $68.8 million y/y
• Ratio of net debt to trailing twelve-month Adjusted EBITDA of 1.2x

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