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PAMT Corp provides comprehensive truckload dry van transportation services across North America, specializing in efficient freight logistics for general commodities. This news hub offers investors and industry professionals timely updates on operational developments, financial performance, and strategic initiatives shaping the company's role in commercial transportation.
Access consolidated information on earnings announcements, fleet expansions, regulatory compliance updates, and strategic partnerships. Our repository ensures stakeholders stay informed about PAMT Corp's market positioning within the competitive dry van sector, including cross-border operations between the U.S. and Canada.
Bookmark this page for streamlined access to press releases and news articles detailing PAMT Corp's approach to fleet optimization, customer service milestones, and industry recognition. Regularly updated content supports informed decision-making for those tracking North American freight transportation trends.
PAMT CORP reported disappointing Q1 2025 financial results, with total revenues declining 14.9% year-over-year to $155.3 million. The company posted a net loss of $8.1 million, or $(0.37) per diluted share, compared to net income of $0.3 million, or $0.01 per share in Q1 2024.
Key financial metrics include:
- Operating loss of $9.2 million
- Operating ratio increased to 105.9%
- Operating cash flow usage of $1.4 million
- Outstanding debt of $309.2 million, decreased by $16.3 million from December 2024
- Available liquidity of $162.5 million including cash and marketable securities
The truckload segment showed weakening performance with revenue per truck per week declining to $3,363 from $3,533, while the logistics operations reported an operating ratio of 98.0% compared to 93.9% in the previous year.
PAMT CORP (NASDAQ: PAMT) has announced an increase in the minimum purchase price for its modified 'Dutch auction' tender offer to buy up to 435,000 shares of its common stock. The company has raised the minimum price from $14.00 to $14.50 per share, while maintaining the maximum price at $17.00 per share.
The tender offer will expire on May 1, 2025, at 5:00 p.m. Eastern Time, unless extended or withdrawn. Any shares tendered below $14.50 will automatically be considered as tendered at $14.50. The company has retained Computer Share Trust Company as the depositary and Georgeson as the information agent for the tender offer.
PAMT CORP operates as a holding company providing truckload dry van carrier services throughout the continental United States and Canadian provinces of Ontario and Quebec, with transportation services in Mexico through gateways in Laredo and El Paso, Texas.
PAMT CORP (NASDAQ: PAMT) has announced a modified 'Dutch auction' tender offer to repurchase up to 435,000 shares (approximately 2.0%) of its outstanding common stock at a price range of $14.00 to $17.00 per share. The tender offer expires on May 1, 2025.
The company plans to fund the share repurchase using available cash and cash equivalents, with potential utilization of its existing credit line. The Board's decision was based on the company's current financial condition and stock price. Shareholders can specify both quantity and price within the given range, with the final purchase price determined by the lowest price that allows PAMT to buy the targeted number of shares.
PAMT operates as a holding company providing truckload dry van carrier services throughout the continental United States, Ontario, Quebec, and Mexico through gateways in Laredo and El Paso.
PAMT CORP reported significant losses for Q4 and full-year 2024. The company posted Q4 revenues of $166.5 million, down 7.6% year-over-year, with a net loss of $31.6 million ($1.45 per share). Full-year 2024 revenues decreased 11.9% to $714.6 million with a net loss of $31.8 million.
Key factors impacting Q4 results include a $24.7 million increase in depreciation due to accounting estimate changes and a $6.4 million impairment charge related to declining used equipment values. Excluding these one-time charges, adjusted Q4 operating loss was $6.6 million.
The company's liquidity position shows $170.5 million in cash, marketable securities, and available credit, with outstanding debt of $325.6 million, up $63.9 million from 2023. Operating cash flow for 2024 was $59.0 million.
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