P.A.M. Transportation Services, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 20, 2022 at 05:00 pm EDT
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P.A.M. Transportation Services, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 216.48 million compared to USD 166.33 million a year ago. Revenue was USD 252.63 million compared to USD 183.09 million a year ago. Net income was USD 24.57 million compared to USD 21.36 million a year ago. Basic earnings per share from continuing operations was USD 1.1 compared to USD 0.94 a year ago. Diluted earnings per share from continuing operations was USD 1.09 compared to USD 0.93 a year ago.
For the nine months, sales was USD 615.3 million compared to USD 446.65 million a year ago. Revenue was USD 709.25 million compared to USD 493.21 million a year ago. Net income was USD 72.69 million compared to USD 48.63 million a year ago. Diluted earnings per share from continuing operations was USD 3.24 compared to USD 2.12 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. 
