P.A.M. Transportation Services, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 28, 2022 at 04:30 pm EDT
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P.A.M. Transportation Services, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 202.74 million compared to USD 145.18 million a year ago. Revenue was USD 237.17 million compared to USD 161.26 million a year ago. Net income was USD 24.18 million compared to USD 15.32 million a year ago. Basic earnings per share from continuing operations was USD 1.09. Diluted earnings per share from continuing operations was USD 1.08 compared to USD 0.67 a year ago.
For the six months, sales was USD 398.83 million compared to USD 280.32 million a year ago. Revenue was USD 456.62 million compared to USD 310.12 million a year ago. Net income was USD 48.12 million compared to USD 27.27 million a year ago. Diluted earnings per share from continuing operations was USD 2.14 compared to USD 1.19 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.
P.A.M. TRANSPORTATION SERVICES, INC. 
