Articles from P.A.M. Transportation Services, Inc.

P.A.M. Transportation Services, Inc. (NASDAQPTSI) (“we” or the “Company”) today reported consolidated net income of $2.4 million, or diluted and basic earnings per share of $0.11, for the quarter ended September 30, 2024. These results compare to consolidated net income of $6.1 million, or diluted and basic earnings per share of $0.28 for the quarter ended September 30, 2023.

P.A.M. Transportation Services, Inc. (NASDAQPTSI) (“we” or the “Company”) today reported consolidated net loss of $2.9 million, or diluted and basic loss per share of $0.13, for the quarter ended June 30, 2024. These results compare to consolidated net income of $9.3 million, or diluted and basic earnings per share of $0.42 for the quarter ended June 30, 2023.

P.A.M. Transportation Services, Inc. (NASDAQPTSI) (the “Company”) today announced the final results of its modified “Dutch auction” tender offer to repurchase up to 550,000 shares of its outstanding common stock, which expired at 5:00 p.m., Eastern Time, on Wednesday, May 22, 2024.

P.A.M. Transportation Services, Inc. (NASDAQPTSI) (the “Company” or “PTSI”) today announced the preliminary results of its modified “Dutch auction” tender offer to repurchase up to 550,000 shares of its outstanding common stock, which expired at 5:00 p.m., Eastern Time, on Wednesday, May 22, 2024.

P.A.M. Transportation Services, Inc. (NASDAQPTSI) (the “Company”) today announced the commencement of a modified “Dutch auction” tender offer to purchase up to 550,000 shares, or about 2.5%, of its outstanding common stock at a price of not less than $15.50 and not more than $18.00 per share. The tender offer will expire at 5:00 p.m., Eastern Time, on May 22, 2024, unless extended or withdrawn. The Company anticipates paying for the shares tendered in the offer from its available cash and cash equivalents but may utilize funds borrowed under its existing line of credit. The Board of Directors determined that it is in the Company’s best interest to repurchase shares at this time given the Company’s financial condition and stock price.

In third paragraph, first sentence of quote should read: The truckload market continued to be extremely challenging during the first quarter of 2024, characterized by shippers’ continued success in leveraging an overcapacity market to their advantage to attain rates at or below cost. (instead of The truckload market continued to be extremely challenging during the first quarter of 2023, characterized by shippers continued success in leveraging an overcapacity market to their advantage to attain rates at or below cost.).

P.A.M. Transportation Services, Inc. (NASDAQPTSI) (“we” or the “Company”) today reported consolidated net loss of $2.2 million, or diluted and basic loss per share of $0.10, for the quarter ended December 31, 2023 and consolidated net income of $18.4 million, or diluted and basic earnings per share of $0.83, for the year ended December 31,2023. These results compare to consolidated net income of $18.0 million, or diluted and basic earnings per share of $0.81, for the quarter ended December 31, 2022, and consolidated net income of $90.7 million, or diluted earnings per share of $4.04 ($4.08 basic), for the year ended December 31, 2022.

P.A.M. Transportation Services, Inc. (NASDAQPTSI) (“we” or the “Company”) today reported consolidated net income of $6.1 million, or diluted and basic earnings per share of $0.28, for the quarter ended September 30, 2023. These results compare to consolidated net income of $24.6 million, or diluted earnings per share of $1.09 ($1.10 basic), for the quarter ended September 30, 2022.

P.A.M. Transportation Services, Inc. (NASDAQPTSI) (“we” or the “Company”) today reported consolidated net income of $9.3 million, or diluted and basic earnings per share of $0.42, for the quarter ended June 30, 2023. These results compare to consolidated net income of $24.2 million, or diluted earnings per share of $1.08 ($1.09 basic), for the quarter ended June 30, 2022.

P.A.M. Transportation Services, Inc. (NASDAQPTSI) (“the Company”) today reported net income of $5.2 million, or diluted earnings per share of $0.23 ($0.24 basic), for the quarter ended March 31, 2023. These results compare to net income of $23.9 million, or diluted earnings per share of $1.06 ($1.07 basic), for the quarter ended March 31, 2022. Net income and diluted earnings per share for both the first quarter ended March 31, 2023, and the first quarter ended March 31, 2022, include the negative impact of loss estimates for claims anticipated to settle in excess of insurance policy limits. Excluding the negative impact of these litigation charges, adjusted (non-GAAP) net income for the quarter ended March 31, 2023, was $12.7 million, or adjusted (non-GAAP) diluted and basic earnings per share of $0.57 compared to adjusted (non-GAAP) net income for the quarter ended March 31, 2022, of $26.5 million, or adjusted (non-GAAP) diluted earnings per share of $1.18 ($1.19 basic).

P.A.M. Transportation Services, Inc. (NASDAQPTSI) (“the Company”) today reported net income of $18.0 million, or diluted and basic earnings per share of $0.81, for the quarter ended December 31, 2022, and net income of $90.7 million, or diluted earnings per share of $4.04 ($4.08 basic), for the year ended December 31, 2022. These results compare to net income of $27.9 million, or diluted earnings per share of $1.24 ($1.25 basic), for the quarter ended December 31, 2021, and net income of $76.5 million, or diluted earnings per share of $3.35 ($3.37 basic), for the year ended December 31, 2021. Net income and diluted earnings per share for the fourth quarter ended December 31, 2022 includes the negative impact of a loss estimate for a claim anticipated to settle in excess of insurance policy limits. Excluding the negative impact of this loss estimate, adjusted (non-GAAP) net income for the quarter ended December 31, 2022 was $24.0 million, or adjusted (non-GAAP) diluted and basic earnings per share of $1.08.

Second Quarter 2022 Highlights

TONTITOWN, AR / ACCESSWIRE / June 15, 2022 / P.A.M. Transportation Services, Inc. (NASDAQPTSI) (the "Company") today announced that on June 14, 2022, the Company completed the acquisition of substantially all the assets of Metropolitan Trucking, Inc. and related entities (the "Seller"). The Company expects the current management team to remain in place and to continue operating the business from its existing locations. Driving associates, non-driving associates, and customers should notice little change following the transaction.

First Quarter 2022 Highlights - Total revenues of $219.4 million, up 47.4% YoY - Operating income of $31.3 million, up 129.6% YoY; non-GAAP adjusted operating income of $34.7 million, up 154.0% YoY - Operating ratio of 85.7%, an improvement of 510 bps YoY; non-GAAP adjusted operating ratio of 82.3%, an improvement of 760 bps YoY - Diluted EPS of $1.06, up 103.8% YoY; non-GAAP adjusted diluted EPS of $1.18, up 126.9% YoY TONTITOWN, AR /

TONTITOWN, AR / ACCESSWIRE / March 8, 2022 / P.A.M. Transportation Services, Inc. (NASDAQPTSI) today announced that the Company's Board of Directors approved a resolution to retire the Company's current treasury share holdings and declared a 2-for-1 forward stock split of its common stock. The Company currently holds approximately 12.3 million treasury shares that will be retired immediately. The stock split will be in the form of a 100% stock

Fourth Quarter 2021 Highlights - Total revenues of $213.9 million, up 49.9% YoY - Operating income of $34.7 million, up 112.0% YoY; non-GAAP adjusted operating income of $40.2 million, up 145.6% YoY - Operating ratio of 83.8%, an improvement of 470 bps YoY; non-GAAP adjusted operating ratio of 79.3%, an improvement of 830 bps YoY - Diluted EPS of $2.48, up 105.0% YoY; non-GAAP adjusted diluted EPS of $2.85, up 135.5% YoY TONTITOWN, AR /

TONTITOWN, AK / ACCESSWIRE / November 15, 2021 / P.A.M. Transportation Services, Inc. (NASDAQPTSI) today announced that Joe Vitiritto, President and Chief Executive Officer, and Allen West, Chief Financial Officer, Secretary, Treasurer and Vice President of Finance, will participate in the Stephens 23rd Annual Investment Conference held at the Omni Nashville Hotel in Nashville, TN. The Company's fireside chat presentation is scheduled to begin

TONTITOWN, AR / ACCESSWIRE / November 5, 2021 / P.A.M. Transportation Services, Inc. (NASDAQPTSI), a transportation and logistics provider, today announced that its Board of Directors has approved, effective immediately, a reauthorization to repurchase up to 500,000 shares of the Company's common stock. The Company's stock repurchase program has been extended and expanded several times since the original authorization in 2011, and this

TONTITOWN, AR / ACCESSWIRE / October 14, 2021 / P.A.M. Transportation Services, Inc. (NASDAQPTSI) today reported net income of $21.4 million, or diluted earnings per share of $1.87 ($1.88 basic), for the quarter ended September 30, 2021, and net income of $48.6 million, or diluted earnings per share of $4.24 ($4.26 basic), for the nine-month period then ended. These results compare to net income of $6.0 million, or diluted earnings per share of

TONTITOWN, AR / ACCESSWIRE / August 31, 2021 / P.A.M. Transportation Services, Inc. (NASDAQPTSI) (the "Company") today announced the final results of its modified "Dutch auction" tender offer to repurchase up to 200,000 shares of its outstanding common stock, which expired at 5:00 p.m., Eastern Time, on Thursday, August 26, 2021. In accordance with the terms and conditions of the tender offer, the Company has accepted for purchase a total of

TONTITOWN, AR / ACCESSWIRE / August 27, 2021 / P.A.M. Transportation Services, Inc. (NASDAQPTSI) (the "Company" or "PTSI") today announced the preliminary results of its modified "Dutch auction" tender offer to repurchase up to 200,000 shares of its outstanding common stock, which expired at 5:00 p.m., Eastern Time, on Thursday, August 26, 2021. Based on the preliminary count by Computershare Trust Company, N.A. ("Computershare"), the

TONTITOWN, AR / ACCESSWIRE / July 27, 2021 / P.A.M. Transportation Services, Inc. (NASDAQPTSI) (the 'Company') today announced the commencement of a modified 'Dutch auction' tender offer to purchase up to 200,000 shares (as adjusted for the Company's previously announced 2-for-1 forward split of its common stock in the form of a 100% stock dividend payable on August 16, 2021, to stockholders of record on July 30, 2021 (the 'Stock Split')), or

TONITOWN, AR / ACCESSWIRE / July 14, 2021 / P.A.M. Transportation Services, Inc. (NASDAQPTSI) today reported net income of $15.3 million, or diluted earnings per share of $2.66, for the quarter ended June 30, 2021, and net income of $27.3 million, or diluted earnings per share of $4.74, for the six-month period then ended. These results compare to net loss of $0.8 million, or diluted loss per share of $0.14, and net loss of $2.1 million, or

TONTITOWN, AR / ACCESSWIRE / April 21, 2021 / P.A.M. Transportation Services, Inc. (NASDAQPTSI) today reported net income of $11.9 million, or diluted earnings per share of $2.08 ($2.09 basic), for the quarter ended March 31, 2021. These results compare to net loss of $1.3 million, or diluted and basic loss per share of $0.23, for the quarter ended March 31, 2020. Operating revenue increased 15.3% to $148.9 million for the first quarter of