secwatch.observer — SEC 8-K summary
======================================

Issuer:     PAMT CORP (PAMT)
CIK:        0000798287
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0001437749-24-003105
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PAM Transportation posts Q4 operating loss of $0.8M on 24.2% revenue decline
----------------------------------------------------------------------------

- Q4 revenue $180.2M (-24.2% YoY); net loss $2.2M ($0.10 diluted loss) vs net income $18.0M a year ago.
- Full-year 2023 net income $18.4M ($0.83 diluted EPS) vs $90.7M ($4.04 diluted EPS) in 2022.
- Operating ratio worsened to 100.4% from 91.8% in Q4 2022; UAW strike depressed automotive volumes.
- Cash and available liquidity $203.7M; debt $261.7M; operating cash flow $114.6M for full year.
- Management cites challenging freight environment and prolonged UAW strike impact through end of 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798287/000143774924003105/0001437749-24-003105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798287/000143774924003105/ptsi20240205_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-003105

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