PAM Transportation Q1 rev $219.4M (+47%), adj EPS $1.18 (+127%), record quarter

PAMT CORP

2022-Q1 EPS reported $1.06 revenue$219,448,000

Total revenues $219.4M, up 47.4% YoY; operating income $31.3M, up 129.6%.
Adjusted operating income $34.7M (+154%); adjusted operating ratio 82.3%, improved 760 bps.
Diluted GAAP EPS $1.06 (+104%); adjusted diluted EPS $1.18 (+127%).
Completed 2-for-1 stock split, paid March 29, 2022; repurchased 83,220 shares at $36.03 avg.
Operating cash flow $41.1M; net debt decreased $24M to $141.6M vs Dec 31, 2021.

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