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PAMT CORP (NASDAQ: PAMT) reports $7.4M Q2 loss and appoints new CFO

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(High)
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(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

PAMT CORP reported a consolidated net loss of $7.4 million, or $0.36 diluted loss per share, for the quarter ended June 30, 2026, compared with a net loss of $9.6 million, or $0.46 per share, a year earlier. Consolidated operating revenues increased 8.9% to $164.7 million. Results included a one-time $3.1 million accrual for prior-year auto liability claims, which increased net loss by $2.3 million, or $0.11 per diluted share. Truck productivity, measured in miles per truck per day, rose 12.8% year over year, and uncompensated empty miles improved to 7.4% from 8.9%.

As of June 30, 2026, the company had $116.7 million in cash, marketable equity securities and available liquidity, $332.8 million of outstanding debt, and $203.1 million of stockholders’ equity. During the first half of 2026, it used $16.7 million in operating cash flow.

The company appointed Daniel C. Kleine as Chief Financial Officer effective July 30, 2026. His annual base salary was set at $300,000, and he received 20,000 restricted stock units vesting in four equal annual installments, while continuing to serve as Treasurer.

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Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Operating Revenue Q2 2026 $164.7 million Consolidated operating revenues for the quarter ended June 30, 2026
Net Loss Q2 2026 $7.4 million Consolidated net loss for the quarter ended June 30, 2026
Diluted Loss Per Share Q2 2026 $0.36 Diluted and basic loss per share for the quarter ended June 30, 2026
Auto Liability Accrual $3.1 million One-time accrual related to prior-year auto liability claims in Q2 2026
Liquidity Aggregate $116.7 million Cash, marketable equity securities and available liquidity under line of credit as of June 30, 2026
Outstanding Debt $332.8 million Total outstanding debt as of June 30, 2026
Stockholders’ Equity $203.1 million Total stockholders’ equity as of June 30, 2026
Operating Cash Flow H1 2026 $16.7 million Operating cash flow used during the first half of 2026
fuel surcharge financial
"Revenue, before fuel surcharge ... Fuel surcharge ... Operating Revenue"
A fuel surcharge is an extra fee added to shipping, freight, or travel charges to offset changes in fuel costs, so companies don’t have to absorb sudden spikes. It matters to investors because it affects revenue and profit margins—showing how well a business can pass higher costs to customers—and can signal exposure to energy price swings that influence demand, pricing power, and short-term earnings volatility, like adding a flexible "gas tax" to a bill.
operating ratio financial
"Operating ratio (2) | 114.2 % | ... 108.9 % | 111.7 %"
A company's operating ratio is a simple percentage that shows how much of its revenue is eaten up by the costs of running the business — calculated by dividing operating expenses by operating revenue. For investors it signals efficiency and profit potential: a lower operating ratio means the company keeps more of each dollar it earns (like a household with lower bills keeping more of its paycheck), while a higher ratio suggests tighter margins and less room to absorb shocks.
uncompensated empty miles financial
"uncompensated empty miles improved from 8.9% in the second quarter of 2025 to 7.4%"
marketable equity securities financial
"As of June 30, 2026, we had an aggregate of $116.7 million of cash, marketable equity securities"
Marketable equity securities are ownership shares in companies that can be quickly bought or sold on public exchanges or other active markets. They matter to investors because they can be converted to cash fast, affect a firm's reported assets and risk exposure, and their market price moves with investor sentiment—think of them like stocks on a busy trading floor that you can usually sell immediately if you need money or want to adjust your portfolio.
restricted stock units financial
"granted Mr. Kleine an award of restricted stock units representing 20,000 shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
forward-looking statements financial
"Certain information included in this document constitutes “forward-looking statements”"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Net loss Q2 2026 $7.4 million Compared with net loss of $9.6 million for the quarter ended June 30, 2025
Diluted loss per share Q2 2026 $0.36 Compared with diluted loss per share of $0.46 for the quarter ended June 30, 2025
Operating revenue growth Q2 2026 $164.7 million An 8.9% increase from $151.1 million for the quarter ended June 30, 2025

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FAQ

What were PAMT CORP (PAMT) Q2 2026 financial results?
PAMT CORP reported a Q2 2026 net loss of $7.4 million, or $0.36 per share, versus a $9.6 million, $0.46-per-share loss in Q2 2025. Operating revenue rose 8.9% to $164.7 million, including a one-time $3.1 million accrual that increased net loss by $2.3 million.

How did PAMT CORP (PAMT) revenue change in Q2 2026?
Consolidated operating revenue increased 8.9% to $164.7 million in Q2 2026 from $151.1 million in Q2 2025. Revenue before fuel surcharge was $136.9 million, and fuel surcharge revenue contributed $27.8 million during the quarter ended June 30, 2026.

What are PAMT CORP (PAMT) liquidity and debt levels as of June 30, 2026?
As of June 30, 2026, PAMT CORP had $116.7 million in cash, marketable equity securities and available liquidity, and $203.1 million in stockholders’ equity. Outstanding debt totaled $332.8 million, a decrease of $1.1 million from December 31, 2025.

Who is PAMT CORP’s (PAMT) new Chief Financial Officer and what are his compensation terms?
The Board appointed Daniel C. Kleine as Chief Financial Officer effective July 30, 2026. His annual base salary increased to $300,000, and he received 20,000 restricted stock units vesting in four equal annual installments, subject to continued employment and eligibility for annual incentive plans.

How did PAMT CORP’s (PAMT) operating metrics perform in Q2 2026?
Truck productivity, measured in miles per truck per day, increased 12.8% year over year in Q2 2026. Uncompensated empty miles improved to 7.4% compared with 8.9% in Q2 2025, reflecting efficiency gains alongside continued focus on cost control and network discipline.

What cash flow did PAMT CORP (PAMT) generate in the first half of 2026?
During the first six months of 2026, PAMT CORP used $16.7 million in operating cash flow. As of June 30, 2026, it held $18.2 million in cash and cash equivalents and $38.7 million in marketable equity securities on its balance sheet.

What special items affected PAMT CORP’s (PAMT) Q2 2026 results?
Q2 2026 results included a one-time $3.1 million accrual for prior-year auto liability claims that may exceed insurance limits. This accrual increased net loss by $2.3 million after tax, or $0.11 per diluted share, affecting comparability with the prior-year quarter.
false 0000798287 0000798287 2026-07-30 2026-07-30
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported): July 30, 2026
 
 
PAMT CORP
(Exact name of registrant as specified in its charter)
 
Nevada
 
0-15057
 
71-0633135
(State or other jurisdiction of 
incorporation)
 
(Commission File 
Number)
 
(I.R.S. Employer Identification No.)
 
297 West Henri De Tonti, Tontitown, Arkansas72770
(Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code: (479) 361-9111
 
 
N/A
 
 
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
☐
Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $.01 par value
PAMT
NASDAQ Global Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
The information contained in Item 2.02 of this report and Exhibit 99.1 hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
 
The information herein (including the exhibit hereto) may contain "forward-looking statements" that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995 and otherwise may be protected. Such statements are made based on the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ from those anticipated by forward-looking statements.
 
Please refer to the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission for information concerning risks, uncertainties and other factors that may affect future results.
 
Item 2.02
Results of Operations and Financial Condition.
 
On August 4, 2026, PAMT CORP (the “Company”) issued a news release announcing its financial results for the second quarter ended June 30, 2026. A copy of the news release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On July 30, 2026, the Board of Directors of the Company elected Daniel C. Kleine, the Company's Senior Vice President of Finance and Treasurer, to serve as Chief Financial Officer of the Company, effective immediately. Mr. Kleine will continue to serve as the Company's Treasurer.
 
Mr. Kleine, age 37, has served as Senior Vice President of Finance and Treasurer of the Company since August 2025 and as Senior Vice President of Finance of P.A.M. Transport, Inc., the Company's primary operating subsidiary, since June 2025. He served as Vice President of Tax of P.A.M. Transport from June 2023 to June 2025. Prior to joining the Company, Mr. Kleine held various roles at George's, Inc., a privately owned poultry processing company headquartered in Northwest Arkansas, including Tax Director from September 2022 to June 2023, Tax Accounting Manager from October 2020 to September 2022, and Senior Tax Accountant from June 2017 to October 2020. He previously served as Senior Tax Accountant at Frost, PLLC in Little Rock, Arkansas, from August 2013 to June 2017. Mr. Kleine is a Certified Public Accountant and holds bachelor's degrees in accounting and finance, with a minor in economics, from the University of Arkansas, Fayetteville, and a master's degree in accounting from the University of Arkansas, Little Rock.
 
In connection with his promotion, Mr. Kleine's annual base salary will increase to $300,000. The Board of Directors also granted Mr. Kleine an award of restricted stock units representing 20,000 shares of the Company’s common stock to vest in four equal annual installments beginning on the first anniversary of the grant date, subject to his continued employment through each applicable vesting date. Mr. Kleine will remain eligible to participate in any annual incentive compensation plan maintained for the Company's executive officers.
 
Item 9.01
Financial Statements and Exhibits.
 
(d) Exhibits.
 
99.1 News release issued by the Registrant on August 4, 2026.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
PAMT CORP
 
 
(Registrant)
 
 
 
Date: August 4, 2026
By:
/s/ Lance K. Stewart
 
 
Lance K. Stewart
President and Chief Executive Officer
 
 

Exhibit 99.1

 

PAMT CORP

ANNOUNCES RESULTS FOR THE SECOND QUARTER

ENDED JUNE 30, 2026

 

 

Second Quarter 2026 Summary Results

 

●

Total revenues of $164.7 million, up 8.9% YoY

 

●

Operating loss of $10.4 million

 

●

Operating ratio of 106.3%

 

●

Net loss of $7.4 million

 

●

Diluted loss per share of $0.36

 

Tontitown, Arkansas, August 4, 2026...... PAMT CORP (NASDAQ: PAMT) (“we” or the “Company”) today reported consolidated net loss of $7.4 million, or diluted and basic loss per share of $0.36, for the quarter ended June 30, 2026. These results compare to consolidated net loss of $9.6 million, or diluted and basic loss per share of $0.46, for the quarter ended June 30, 2025. The second quarter 2026 operating results include a one-time accrual of $3.1 million related to auto liability claims from prior years that may exceed insurance limits, which increased net loss by $2.3 million on an after-tax basis, or $0.11 per diluted share.

 

Consolidated operating revenues increased 8.9% to $164.7 million for the second quarter of 2026 when compared to $151.1 million for the second quarter of 2025.

 

Lance Stewart, President of the Company, commented, “We are pleased with the measurable progress reported in several key operating metrics during the second quarter. Truck productivity, measured in miles per truck per day, increased 12.8% year over year, while uncompensated empty miles improved from 8.9% in the second quarter of 2025 to 7.4% in the second quarter of 2026. We also continue to remove costs, including underutilized equipment, from the network. These results reflect our disciplined focus on cost control and our commitment to a well-defined freight network, which we expect to continue supporting operational efficiencies.

 

“For the first time in more than three years, market conditions enabled a meaningful sequential increase in rate per total mile. This marks an important step toward addressing rates that have been pressured lower while inflationary cost pressures have persisted. As industry dynamics continue to constrain driver supply, we believe opportunities for further rate correction remain, and we have achieved additional progress through the date of this release.

 

“As always, we appreciate our employees’ loyalty and dedication to our mission, which remain essential to sustainable success.”

 

Liquidity, Capitalization, and Cash Flow

As of June 30, 2026, we had an aggregate of $116.7 million of cash, marketable equity securities, and available liquidity under our line of credit and $203.1 million of stockholders’ equity. Outstanding debt was $332.8 million as of June 30, 2026, which represents a $1.1 million decrease from December 31, 2025. During the first half of 2026, we used $16.7 million in operating cash flow.

 

 

Chief Financial Officer Appointment

The Company also announced that Daniel C. Kleine has been appointed Chief Financial Officer of the Company effective July 30, 2026. Mr. Kleine joined the Company in June 2023 as Vice President of Tax of P.A.M. Transport, Inc., the Company’s primary operating subsidiary, and has served as the Company’s Senior Vice President of Finance and Treasurer since August 2025 and as Senior Vice President of Finance of P.A.M. Transport since June 2025. Prior to joining the Company, Mr. Kleine served in various tax accounting roles at George’s, Inc., a privately owned poultry processing company headquartered in Northwest Arkansas, from June 2017 to June 2023. He previously served as Senior Tax Accountant at Frost, PLLC in Little Rock, Arkansas from August 2013 to June 2017. Mr. Kleine is a Certified Public Accountant and holds bachelor’s degrees in accounting and finance, with a minor in economics, from the University of Arkansas, Fayetteville, and a master’s degree in accounting from the University of Arkansas, Little Rock.

 

About PAMT CORP

PAMT CORP is a holding company that owns subsidiaries engaged in providing truckload dry van carrier services transporting general commodities throughout the continental United States, as well as in the Canadian provinces of Ontario and Quebec. The Company’s consolidated operating subsidiaries also provide transportation services in Mexico through its gateways in Laredo and El Paso, Texas, under agreements with Mexican carriers.

 

Forward-Looking Statements

Certain information included in this document constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may relate to expected future financial and operating results, prospects, plans or events, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, increases in compensation for and difficulty in attracting and retaining qualified drivers and owner-operators, including as a result of recent regulatory initiatives impacting driver capacity, to meet available freight demand; general inflation, recessionary economic cycles and downturns in customers' business cycles; a significant reduction in or termination of the Company's trucking service by a key customer, including as a result of labor or international trade disruptions; increases or rapid fluctuations in fuel prices, interest rates, fuel taxes, tolls, and license and registration fees; excess capacity in the trucking industry; surplus inventories; the resale value of the Company's used equipment; the price and availability of new equipment consistent with anticipated acquisitions and replacement plans; increases in insurance premiums and deductible amounts relating to accident, cargo, workers' compensation, health, and other claims; increases in the number or amount of claims for which the Company is self-insured; inability of the Company to continue to secure acceptable financing arrangements; seasonal factors such as harsh weather conditions that increase operating costs; competition from trucking, rail, and intermodal competitors including reductions in rates resulting from competitive bidding; our ability to develop, implement and govern suitable information technology systems and prevent failures in or breaches, disruptions or unauthorized use of such systems; the impact of pending or future litigation; general risks associated with doing business in Mexico, including, without limitation, exchange rate fluctuations, inflation, import duties, tariffs, quotas, political and economic instability and terrorism; the potential impact of new laws, regulations or policy, including, without limitation, rules regarding the classification of independent contractors as employees, tariffs, import/export, trade and immigration regulations or policies; the impacts of ongoing or future military conflicts and other major domestic or international events; the ability to identify acceptable acquisition candidates, consummate acquisitions, and integrate acquired operations; potential economic, business or operational disruptions or uncertainties that may result from any future public health crises; and other factors, including risk factors, included from time to time in filings made by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise forward-looking statements, whether due to new information, future events or otherwise. Considering these risks and uncertainties, the forward-looking events and circumstances discussed above and in company filings might not transpire.

 

 

PAMT CORP

Key Financial and Operating Statistics

(unaudited)

 

​

​

Quarter Ended June 30,

​

​

Six Months Ended June 30,

​

​

​

2026

​

​

2025

​

​

2026

​

​

2025

​

​

​

(in thousands, except earnings per share)

​

​

(in thousands, except earnings per share)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Revenue, before fuel surcharge

​

$

136,894

​

​

$

133,806

​

​

$

259,556

​

​

$

270,506

​

Fuel surcharge

​

​

27,758

​

​

​

17,328

​

​

​

46,976

​

​

​

35,969

​

Operating Revenue

​

​

164,652

​

​

​

151,134

​

​

​

306,532

​

​

​

306,475

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating expenses and costs:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Salaries, wages and benefits

​

​

41,351

​

​

​

40,851

​

​

​

80,433

​

​

​

81,665

​

Operating supplies and expenses

​

​

36,516

​

​

​

29,028

​

​

​

67,062

​

​

​

60,413

​

Rent and purchased transportation

​

​

64,645

​

​

​

64,866

​

​

​

121,249

​

​

​

127,838

​

Depreciation

​

​

19,337

​

​

​

21,719

​

​

​

38,581

​

​

​

44,315

​

Insurance and claims

​

​

8,738

​

​

​

5,167

​

​

​

13,946

​

​

​

9,948

​

Other

​

​

5,029

​

​

​

4,986

​

​

​

11,642

​

​

​

9,985

​

Gain on disposition of assets

​

​

(556

)

​

​

(4,414

)

​

​

(15,702

)

​

​

(7,428

)

Total operating expenses and costs

​

​

175,060

​

​

​

162,203

​

​

​

317,211

​

​

​

326,736

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating loss

​

​

(10,408

)

​

​

(11,069

)

​

​

(10,679

)

​

​

(20,261

)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest expense

​

​

(4,615

)

​

​

(4,032

)

​

​

(9,151

)

​

​

(8,075

)

Non-operating income

​

​

5,078

​

​

​

2,263

​

​

​

9,875

​

​

​

4,749

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loss before income taxes

​

​

(9,945

)

​

​

(12,838

)

​

​

(9,955

)

​

​

(23,587

)

Income tax benefit

​

​

(2,501

)

​

​

(3,211

)

​

​

(2,503

)

​

​

(5,817

)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net loss

​

$

(7,444

)

​

$

(9,627

)

​

$

(7,452

)

​

$

(17,770

)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted loss per share

​

$

(0.36

)

​

$

(0.46

)

​

$

(0.36

)

​

$

(0.83

)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Average shares outstanding – Diluted

​

​

20,943

​

​

​

21,095

​

​

​

20,940

​

​

​

21,498

​

 

 

 

​

​

Quarter Ended June 30,

​

​

Six Months Ended June 30,

​

​

​

2026

​

​

2025

​

​

2026

​

​

2025

​

Truckload Operations

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total miles (in thousands) (1)

​

​

43,567

​

​

​

40,355

​

​

​

84,270

​

​

​

81,571

​

Operating ratio (2)

​

​

114.2

%

​

​

112.5

%

​

​

108.9

%

​

​

111.7

%

Empty miles factor

​

​

7.35

%

​

​

8.90

%

​

​

7.61

%

​

​

8.97

%

Revenue per total mile, before fuel surcharge (1)

​

$

1.98

​

​

$

2.04

​

​

$

1.94

​

​

$

2.04

​

Total loads

​

​

90,844

​

​

​

98,814

​

​

​

176,384

​

​

​

193,458

​

Revenue per truck per workday

​

$

675

​

​

$

697

​

​

$

647

​

​

$

685

​

Revenue per truck per week

​

$

3,375

​

​

$

3,485

​

​

$

3,235

​

​

$

3,423

​

Average company-driver trucks

​

​

1,540

​

​

​

1,579

​

​

​

1,545

​

​

​

1,623

​

Average owner operator trucks

​

​

454

​

​

​

505

​

​

​

454

​

​

​

509

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Logistics Operations

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total revenue (in thousands)

​

$

50,820

​

​

$

40,982

​

​

$

95,225

​

​

$

85,254

​

Operating ratio

​

​

96.4

%

​

​

98.7

%

​

​

95.9

%

​

​

98.3

%

 

 

PAMT CORP

Condensed Consolidated Balance Sheets

(unaudited)

 

​

​

June 30,

​

​

December 31,

​

​

​

2026

​

​

2025

​

​

​

(in thousands)

​

ASSETS

​

​

​

​

​

​

​

​

Current Assets:

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

18,210

​

​

$

35,234

​

Trade accounts receivable, net

​

​

88,930

​

​

​

66,882

​

Other receivables

​

​

4,125

​

​

​

6,757

​

Inventories

​

​

2,610

​

​

​

2,332

​

Prepaid expenses and deposits

​

​

7,728

​

​

​

9,807

​

Marketable equity securities

​

​

38,732

​

​

​

48,488

​

Income taxes refundable

​

​

1,042

​

​

​

1,732

​

Total current assets

​

​

161,377

​

​

​

171,232

​

​

​

​

​

​

​

​

​

​

Property and equipment

​

​

758,944

​

​

​

792,391

​

Less: accumulated depreciation

​

​

259,476

​

​

​

275,554

​

Total property and equipment, net

​

​

499,468

​

​

​

516,837

​

​

​

​

​

​

​

​

​

​

Other non-current assets

​

​

9,486

​

​

​

9,843

​

Total Assets

​

$

670,331

​

​

$

697,912

​

​

​

​

​

​

​

​

​

​

LIABILITIES AND STOCKHOLDERS’ EQUITY

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

Accounts payable

​

$

27,421

​

​

$

32,752

​

Accrued expenses and other liabilities

​

​

30,599

​

​

​

41,078

​

Current portion of long-term debt

​

​

64,592

​

​

​

65,542

​

Total current liabilities

​

​

122,612

​

​

​

139,372

​

​

​

​

​

​

​

​

​

​

Long-term debt, net of current portion

​

​

268,230

​

​

​

268,327

​

Deferred income taxes

​

​

70,741

​

​

​

73,689

​

Other long-term liabilities

​

​

5,658

​

​

​

6,040

​

Total liabilities

​

​

467,241

​

​

​

487,428

​

​

​

​

​

​

​

​

​

​

STOCKHOLDERS’ EQUITY

​

​

​

​

​

​

​

​

Common stock

​

​

224

​

​

​

224

​

Additional paid-in capital

​

​

41,788

​

​

​

41,682

​

Treasury stock, at cost

​

​

(28,972

)

​

​

(28,924

)

Retained earnings

​

​

190,050

​

​

​

197,502

​

Total stockholders’ equity

​

​

203,090

​

​

​

210,484

​

Total liabilities and stockholders’ equity

​

$

670,331

​

​

$

697,912

​

 

 

 

 

1)

Excludes miles driven by third party power only carriers.

 

2)

The Truckload Operations operating ratio has been calculated based upon total operating expenses, net of fuel surcharge, as a percentage of revenue, before fuel surcharge. We used revenue, before fuel surcharge, and operating expenses, net of fuel surcharge, because we believe that eliminating this sometimes volatile source of revenue affords a more consistent basis for comparing our results of operations from period to period.

 

 

FROM: PAMT CORP

P.O. BOX 188

Tontitown, AR 72770

Daniel C. Kleine

(479) 361-9111

Source: View Original Filing on SEC EDGAR

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