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

P.A.M. Transportation Services (NASDAQ:PTSI) reported net income of $21.4 million for Q3 2021, translating to diluted earnings per share of $1.87, a significant rise from $6.0 million in Q3 2020. For the nine-month period, net income was $48.6 million, or $4.24 per share, up from $3.9 million in 2020. Operating revenues surged 50.1% to $183.1 million in Q3 2021 compared to $121.9 million the previous year. The company executed a 2-for-1 stock split and completed a Dutch auction tender offer to repurchase shares totaling approximately $10.1 million.

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) announced the results of its modified "Dutch auction" tender offer, ending on August 26, 2021. The company accepted 272,405 shares for purchase at $37.00 per share, totaling $10,078,985. This represents approximately 2.4% of outstanding shares after adjusting for a recent 2-for-1 stock split. Following the tender offer, the company will have about 11,180,081 shares outstanding. Future share repurchases depend on market conditions and company performance.

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) announced preliminary results for its modified Dutch auction tender offer, which expired on August 26, 2021. The company plans to repurchase approximately 272,414 shares at a final price of $37.00 per share, totaling around $10.1 million. This represents 2.4% of its outstanding shares as adjusted for a recent stock split. The definitive number of shares and price will be verified by Computershare Trust Company and announced after August 31, 2021. Future repurchases may occur, subject to market conditions.

P.A.M. Transportation Services (NASDAQ:PTSI) announced a modified 'Dutch auction' tender offer to buy back up to 200,000 shares, approximately 1.7% of its outstanding stock, at prices between $32.00 and $37.00 per share. This offer follows a previously announced 2-for-1 stock split effective August 16, 2021, for shareholders of record as of July 30, 2021. The tender will expire on August 26, 2021. The company plans to finance the repurchase through available cash or borrowing from its line of credit.

P.A.M. Transportation Services reported a net income of $15.3 million for Q2 2021, with diluted earnings per share of $2.66, compared to a net loss of $0.8 million a year earlier. For the first half of 2021, net income reached $27.3 million or $4.74 per share. Operating revenues saw a surge of 73.4% to $161.3 million in Q2 2021. The company announced a 2-for-1 forward stock split, effective August 16, 2021, increasing shares outstanding from 5.7 million to 11.4 million. Management expressed optimism regarding ongoing operational improvements.

P.A.M. Transportation Services (NASDAQ:PTSI) reported a strong net income of $11.9 million for Q1 2021, translating to $2.08 diluted EPS, a significant turnaround from a $1.3 million net loss in Q1 2020. Operating revenue rose 15.3% year-over-year to $148.9 million. Despite record results, President Joe Vitiritto noted challenges due to severe weather in February that hindered operations. Looking ahead, the company is optimistic about rate improvements and maintaining operational efficiency while addressing driver recruitment and retention.

TONTITOWN, AR / ACCESSWIRE / February 5, 2021 - P.A.M. Transportation Services (NASDAQ:PTSI) announced that CEO Joseph Vitiritto and CFO Allen West will participate in a virtual fireside chat hosted by David Ross of Stifel Financial Corporation. The event is scheduled for February 10, 2021, at 4:00 p.m. ET. P.A.M. Transportation is a prominent truckload dry van carrier operating across the continental U.S., Canada, and Mexico, providing extensive transportation services. The company's forward-looking statements highlight potential risks that may impact actual results.

P.A.M. Transportation Services reported a net income of $14.0 million, or $2.43 per share, for the fourth quarter of 2020, compared to a net loss of $13.6 million in the same quarter of 2019. For the full year, net income rose to $17.8 million, up from $7.9 million in 2019. Operating revenues increased by 15.6% to $142.8 million in Q4 2020, despite a significant decline in fuel surcharge revenue. The company noted challenges in the driver market but achieved record revenue and operating results, particularly in its logistics division.

P.A.M. Transportation Services (NASDAQ:PTSI) reported a net income of $6.0 million for Q3 2020, up from $4.6 million in Q3 2019. Diluted EPS increased to $1.04 from $0.79. For the first nine months, net income was $3.9 million, down from $21.5 million year-over-year. Total operating revenue decreased 5.5% to $121.9 million in Q3 while year-to-date revenue fell 11.9% to $344.1 million. The company noted a recovery following COVID-19 impacts and improved logistics performance, anticipating higher rate pressure moving forward.