PAM Transportation posts record annual revenue $946.9M, net income $90.7M; Q4 EPS $0.81 vs $1.24

PAMT CORP

2022-FY EPS reported $4.04 revenue$946,862,000

Q4 2022 net income $18.0M ($0.81 diluted EPS) vs $27.9M ($1.24) in Q4 2021; revenues up 11.1% to $237.6M.
Full year 2022 net income $90.7M ($4.04 diluted EPS) vs $76.5M ($3.35) in 2021; revenues up 33.9% to $946.9M.
Q4 includes $6M charge for claim exceeding insurance limits; adjusted net income $24.0M ($1.08 adjusted EPS).
Fleet grew ~28% including 17% from Metropolitan Trucking acquisition; avg truck age 2.1 yrs, trailer age 6.6 yrs.
Repurchased 34,113 shares for $1.1M in Q4; 331,000 shares remain under program; liquidity $175.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PAMT CORP reported the quarter ended December 31, 2022 results: revenue $237.6 million, net income $18.0 million, EPS diluted and basic earnings per share of $0.81.

Period: the quarter ended December 31, 2022
Revenue: $237.6 million
Net income: $18.0 million
EPS: diluted and basic earnings per share of $0.81
Result: reported results

Exact text from the filing

the quarter ended December 31, 2022 was $24.0 million, or adjusted (non-GAAP) diluted and basic earnings per share of $1.08. Consolidated operating revenues increased 11.1% to $237.6 million for the fourth quarter of 2022 compared to $213.9 million for the fourth quarter of 2021. For the year ended December 31, 2022, consolidated operating revenues increased 33.9% to

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PAMT CORP reported the year ended December 31, 2022 results: revenue $946.9 million, net income $90.7 million, EPS diluted earnings per share of $4.04 ($4.08 basic).

Period: the year ended December 31, 2022
Revenue: $946.9 million
Net income: $90.7 million
EPS: diluted earnings per share of $4.04 ($4.08 basic)
Result: reported results

Exact text from the filing

the fourth quarter of 2022 compared to $213.9 million for the fourth quarter of 2021. For the year ended December 31, 2022, consolidated operating revenues increased 33.9% to $946.9 million compared to $707.1 million for the year ended December 31, 2021. Joe Vitiritto, President of the Company, commented, “I am proud of our team’s results and how we navigated 2022’s

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PAMT CORP filing history →

Source: SEC EDGAR

accession 0001437749-23-003378

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