secwatch.observer — SEC 8-K summary
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Issuer:     PAMT CORP (PAMT)
CIK:        0000798287
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001437749-23-003378
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798287/000143774923003378/0001437749-23-003378-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798287/000143774923003378/ptsi20230214_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-003378

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer