Welcome to our dedicated page for P.A.M. Transportation Services news (Ticker: PTSI), a resource for investors and traders seeking the latest updates and insights on P.A.M. Transportation Services stock.
The P.A.M. Transportation Services, Inc. (PTSI) news page on Stock Titan provides an organized view of company announcements and market communications for this transportation holding company and its subsidiaries. P.A.M. Transportation Services, Inc. describes its business as providing truckload dry van carrier services transporting general commodities throughout the continental United States and in the Canadian provinces of Ontario and Quebec, with additional transportation services in Mexico through gateways in Laredo and El Paso, Texas under agreements with Mexican carriers.
News items for PTSI commonly include quarterly and annual earnings releases, where the company reports operating revenue, operating ratio, net income or loss, and detailed operating statistics for its Truckload Operations and Logistics Operations. These releases often discuss factors affecting performance, such as freight market conditions, rate pressure, weather, and exposure to sectors like automotive, as well as management’s commentary on cost control and efficiency initiatives.
Investors can also find corporate actions and capital allocation updates in the news flow, such as the company’s modified “Dutch auction” self tender offer to repurchase shares of its common stock, including announcements of commencement, preliminary results and final results. These items describe the number of shares tendered, the purchase price per share, and the percentage of outstanding shares involved.
Another important category of news relates to corporate structure and listing details. In November 2024, the company announced its redomestication from Delaware to Nevada and its new corporate name PAMT CORP, along with the planned change of its Nasdaq trading symbol from PTSI to PAMT and confirmation that the redomestication would not change its business or operations.
By reviewing the PTSI news stream, readers can follow how this truckload and logistics-focused holding company communicates financial performance, corporate decisions, and structural changes over time. Regularly checking this page can help users see how management describes current freight conditions, operational trends and significant corporate events.
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P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) reported its Q1 2023 results, showing total revenues of
P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) reported a net income of $18.0 million for Q4 2022, translating to earnings per share of $0.81, compared to $27.9 million or $1.24 per share in Q4 2021. For the full year, net income reached $90.7 million or $4.04 per share, up from $76.5 million and $3.35 in 2021. Operating revenues increased 11.1% in Q4 and 33.9% for the year, totaling $237.6 million and $946.9 million, respectively. The average age of the truck fleet rose from 1.8 years to 2.1 years. The company repurchased 210,457 shares totaling $7.0 million.
P.A.M. Transportation Services (PTSI) announced its Q3 2022 results, reporting total revenues of $252.6 million, up 38.0% year-over-year. Net income reached $24.6 million, reflecting a 15.0% increase, with diluted earnings per share (EPS) of $1.09—up 17.2% YoY. The company's operating ratio worsened to 85.9%, up 270 bps YoY. PTSI had $138.5 million in liquidity and $283.1 million in stockholder equity, with outstanding debt at $258.4 million. The company purchased 93,124 shares for $2.9 million in stock buybacks during the quarter.
P.A.M. Transportation Services (NASDAQ:PTSI) reported a strong Q2 2022, with total revenues of $237.2 million, up 47.1% YoY, and operating income of $36.7 million, a 74.5% increase YoY. The diluted EPS rose 61.2% to $1.08, while non-GAAP adjusted EPS increased 106.3% to $1.30. The company faced challenges due to customer downtimes and supply chain issues but celebrated its acquisition of Metropolitan Trucking. The acquisition is expected to strengthen its East Coast operations, contributing significantly to future growth.
P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) has completed the acquisition of Metropolitan Trucking, Inc. for approximately $77.4 million, with the acquisition expected to be immediately accretive to earnings per share. Metropolitan generated $83.3 million in revenue and $22.1 million in EBITDA over the last twelve months. The acquisition will allow Metropolitan to continue operating independently under its existing leadership, maintaining its corporate culture. Furthermore, the Company anticipates tax savings of approximately $14.4 million due to increased asset basis from the transaction.
P.A.M. Transportation Services (NASDAQ:PTSI) reported Q1 2022 total revenues of $219.4 million, a 47.4% increase YoY, with operating income rising 129.6% to $31.3 million. Diluted EPS was $1.06, up 103.8% from the previous year. Adjusted net income stood at $26.5 million, or $1.18 per share, despite litigation charges affecting net income. The company announced a 2-for-1 stock split and repurchased 83,220 shares at an average price of $36.03. Cash and liquidity totaled $178.4 million with $260.4 million in debt, a $36.9 million increase from December 2021.
P.A.M. Transportation Services (NASDAQ:PTSI) has announced a 2-for-1 forward stock split and the retirement of approximately 12.3 million treasury shares. The stock split will be executed as a 100% stock dividend payable on March 29, 2022, to shareholders on record as of March 18, 2022. Post-split, the outstanding shares will increase from 11.1 million to approximately 22.2 million shares. The company aims to enhance liquidity and make its shares more accessible to potential investors.
P.A.M. Transportation Services (NASDAQ:PTSI) reported robust financial results for Q4 2021, with total revenues of $213.9 million, a 49.9% increase year-over-year. Operating income surged 112.0% to $34.7 million, while diluted EPS rose 105.0% to $2.48. Adjusted operating income reached $40.2 million, up 145.6%, and adjusted diluted EPS hit $2.85, up 135.5%. The company completed a stock split and reauthorized share repurchases. Despite litigation risks affecting net income, adjusted results indicate strong operational performance and improved liquidity, with $117.6 million in cash and marketable securities.
TONTITOWN, AK / ACCESSWIRE / November 15, 2021 / P.A.M. Transportation Services (NASDAQ:PTSI) announces participation in the Stephens 23rd Annual Investment Conference on December 1, 2021, at 10:00 a.m. CT. CEO Joe Vitiritto emphasizes the company's goal to achieve $1 billion in revenue by 2025, targeting a low-80 operating ratio. The strategy includes growing the asset business to $550-$600 million and the non-asset business to $400-$450 million. Presentation materials will be available on the company's website.
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