P.A.M. Transportation Services, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 15, 2021 at 06:34 am EDT
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P.A.M. Transportation Services, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 161.263 million compared to USD 92.979 million a year ago. Operating income was USD 21.019 million compared to operating loss of USD 2.007 million a year ago. Net income was USD 15.317 million compared to net loss of USD 823,000 a year ago. Diluted earnings per share from continuing operations was USD 2.66 compared to diluted loss per share from continuing operations of USD 0.14 a year ago. For the half year, total revenue was USD 310.122 million compared to USD 222.134 million a year ago. Operating income was USD 34.672 million compared to USD 7.479 million a year ago. Net income was USD 27.266 million compared to net loss of USD 2.127 million a year ago. Diluted earnings per share from continuing operations was USD 4.74 compared to diluted loss per share from continuing operations of USD 0.37 a year ago.
P.A.M. Transportation Services, Inc. is a holding company. The Company, through its subsidiaries, is engaged in providing truckload dry van carrier services transporting general commodities throughout the continental United States, as well as in the Canadian provinces of Ontario and Quebec. The Companyâs subsidiaries also provide transportation services in Mexico through its gateways in Laredo and El Paso, Texas, under agreements with Mexican carriers. Its freight consists primarily of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods. Its truckload services are performed by Company divisions that generally utilize Company-owned trucks, long-term contractors, or single-trip contractors to transport loads of freight for customers, while its brokerage and logistics services coordinate or facilitate the transport of loads of freight for customers and generally involve the utilization of single-trip contractors.