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Stock impact report

P.A.M. Transportation Services, Inc. Announces Results for the Second Quarter Ended June 30, 2024

P.A.M. Transportation Services, Inc. (PTSI) 
Company Research Source: Business Wire
Second Quarter 2024 Summary ResultsTotal revenues of $182.9 million, down 11.8% YoYOperating loss of $0.7 millionOperating ratio of 100.4%Diluted loss per share of $0.13 TONTITOWN, Ark.--(BUSINESS WIRE)--P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) (“we” or the “Company”) today reported consolidated net loss of $2.9 million, or diluted and basic loss per share of $0.13, for the quarter ended June 30, 2024. These results compare to consolidated net income of $9.3 million, or diluted and basic earnings per share of $0.42 for the quarter ended June 30, 2023.Operating revenues decreased 11.8% to $182.9 million for the second quarter of 2024 compared to $207.4 million for the second quarter of 2023.Joe Vitiritto, President of the Company, commented, “Our consolidated operating results for the second quarter 2024 were very similar to the first quarter of the year. The quarter started off slower than anticipated but began to show signs of seasonal demand patterns that were more con Show less Read more
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