earnings
confidence high
sentiment negative
materiality 0.75
PAMT Corp reports Q4 net loss of $31.6M; revenue down 7.6% to $166.5M
PAMT CORP
2024-FY EPS
reported -$1.45
vs consensus $0.10
▼ miss
(-1521.6%)
- Diluted loss per share of $1.45 in Q4 2024 vs $0.10 loss in Q4 2023; adjusted loss per share $0.36.
- Operating loss of $37.7M with operating ratio 122.6%; adjusted operating ratio 104.5%.
- Non-cash charges: $24.7M from change in salvage values/useful lives, plus $6.4M impairment on equipment.
- Full year 2024 net loss of $31.8M vs net income of $18.4M in 2023; revenue down 11.9% to $714.6M.
- Debt increased $63.9M to $325.6M; generated $59.0M operating cash flow in 2024.