PAM Transportation

Pam Transportation books operating loss in ‘extremely challenging’ Q1

Truckload carrier Pam Transportation Services announced an operating loss for a second straight period in what it described as an “extremely challenging” first quarter.

Pam (NASDAQ: PTSI) reported net earnings per share of 1 cent compared to 23 cents in the same period a year ago. The result was below a lone analyst’s 7-cent estimate.

Gains generated from equity holdings were $3 million higher year over year (y/y), which produced a 10-cent tailwind to the EPS number. The carrier booked a loss on...

https://www.freightwaves.com/news/pam-transportation-books-operating-loss-in-extremely-challenging-q1

Pam Transportation feels brunt of downcycle in Q3

Pam Transportation Services’ third quarter produced a big reset from the record highs the company posted just one year ago. The result was also a notable step down from the 2023 second quarter.

Third-quarter revenue of $202 million was down 20% year over year (y/y) and operating income and earnings per share were off approximately 75%. The Tontitown, Arkansas-based carrier recorded EPS of 28 cents compared to $1.09 in the same period last year.

Lower gains on sale were a 3 cent hit and a higher...

https://www.freightwaves.com/news/pam-transportation-feels-brunt-of-downcycle-in-q3

Pam Transportation sees earnings fall 60% in Q2

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Pam Transportation Services reported late Wednesday a more than 60% year-over-year (y/y) reduction...

https://www.freightwaves.com/news/pam-transportation-sees-earnings-fall-60-in-q2

P.A.M. Transportation beats Q3 expectation

A white Pam tractor-trailer on the highway.

Truckload carrier P.A.M. Transportation Services reported adjusted earnings per share of $1.18, which excluded 9 cents per share of unrealized losses from equity investments on an after-tax basis. 

The result was 3 cents better than the consensus estimate and 23 cents higher year over year (y/y).

Revenue in Pam’s (NASDAQ: PTSI) truckload segment was 31% higher y/y at $145 million excluding fuel surcharges. Pam’s average truck count was up 30% y/y at 2,483 units in part due to the acquisition of...

https://www.freightwaves.com/news/pam-transportation-beats-q3-expectation

P.A.M. Transportation reports Q2 beat

A PAM tractor-trailer on highway

P.A.M. Transportation Services reported second-quarter earnings per share of $1.30 after the market closed on Thursday. The result was 15 cents better than the consensus estimate and more than double the prior-year period.

The Arkansas-based truckload carrier’s quarterly result excluded nearly $7 million in legal reserves and unrealized losses from equity investments.

The result included a two-week contribution from its first acquisition in nearly two decades. Pam acquired New York-based...

https://www.freightwaves.com/news/pam-transportation-reports-q2-beat

P.A.M. Transportation scores record Q1 on higher rates

White PAM Transportation rig on highway

P.A.M. Transportation Services used better rates and margins to best analysts’ expectations in the 2022 first quarter. The Tontitown, Arkansas-based truckload carrier reported adjusted net income of $1.18 per share, 66 cents better than the year-ago result and 39 cents ahead of the consensus estimate.

The result excluded a $3.3 million legal reserve associated with “a claim anticipated to settle in excess of insurance policy limits.”

“PAM had its best first quarter in our history,” President Joe...

https://www.freightwaves.com/news/pam-transportation-scores-record-q1-on-higher-rates

P.A.M. Transportation: ‘Navigating the disruptions’ leads to a big Q3

PAM rides hot freight market to new records in Q3

P.A.M. Transportation Services reported Thursday after the market close that its third-quarter earnings more than tripled year-over-year. The Tontitown, Arkansas-based truckload carrier posted earnings per share of $1.87, compared to 52 cents per share in the same quarter of 2020, a period hindered by an industrial customer base that was still digging out from COVID-related shutdowns.

“We have had another record quarter for revenue and operating statistics at PAM. I am excited to see the work...

https://www.freightwaves.com/news/pam-transportation-navigating-the-disruptions-leads-to-a-big-q3

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