---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-010974"
form_type: "8-K"
ticker: "PAMT"
cik: "0000798287"
company_name: "PAMT CORP"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:40:56.371709+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PAM Transportation Q1 2023 operating income down 73%; diluted EPS falls 78% to $0.23

## Summary
- Total revenues $221.7M (+1.0% YoY); operating income $8.5M (-72.9%).
- Non-GAAP adjusted operating income $18.5M (-46.7%); adjusted diluted EPS $0.57 (-51.7%).
- Operating ratio worsened to 96.2% from 85.7% YoY (up 1050 bps).
- Generated $34.2M operating cash flow; total debt $251.3M decreased $13M from Dec 31.
- Results include litigation charges for claims in excess of insurance policy limits.

## SEC filing metadata
- accession: 0001437749-23-010974
- form_type: 8-K
- ticker: PAMT
- cik: 0000798287
- company_name: PAMT CORP
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798287/000143774923010974/0001437749-23-010974-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798287/000143774923010974/ptsi20230425_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-010974
- JSON: https://secwatch.observer/filing/0001437749-23-010974.json
- Plain text: https://secwatch.observer/filing/0001437749-23-010974.txt

## Key facts
- Earnings Releases
  PAMT CORP reported first quarter ended March 31, 2023 results: revenue $221.7 million, net income $5.2 million, EPS $0.23.
  - Period: first quarter ended March 31, 2023
  - Revenue: $221.7 million
  - Net income: $5.2 million
  - EPS: $0.23
  - Result: reported results
  source text: First Quarter 2023 Summary Results ● Total revenues of $221.7 million, up 1.0% YoY ● Operating income of $8.5 million, down 72.9% YoY; non-GAAP adjusted operating income of $18.5 million, down 46.7% YoY ● Operating ratio of 96.2%, an increase of 1050 bps YoY; non-GAAP adjusted operating ratio of 90.4%, an increase of 810 bps YoY ● Diluted EPS of $0.23, down 78.3% YoY; non-GAAP adjusted diluted EPS of $0.57, down 51.7% YoY Tontitown, Arkansas, April 24, 2023...... P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) ("the Company") today reported net income of $5.2 million, or diluted earnings per share of $0.23 ($0.24 basic), for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/798287/000143774923010974/0001437749-23-010974-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.