P.A.M. Transportation Services Stock Price, News & Analysis

P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) reported its Q1 2023 results, showing total revenues of $221.7 million, a slight increase of 1.0% year-over-year. However, net income plummeted to $5.2 million, or $0.23 per diluted share, a significant decrease of 78.3% compared to $23.9 million or $1.06 per diluted share in Q1 2022. Operating income also fell sharply by 72.9% to $8.5 million, while the operating ratio worsened to 96.2%. The company held $193.8 million in liquidity and $302.1 million in stockholders’ equity, with total debt at $251.3 million, a reduction from the previous quarter.

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.