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Stock impact report

P.A.M. Transportation Services, Inc. Announces Results for the First Quarter Ended March 31, 2024 [Yahoo! Finance]

P.A.M. Transportation Services, Inc. (PTSI) 
Company Research Source: Yahoo! Finance
Operating ratio of 100.4% Diluted EPS of $0.01 TONTITOWN, Ark., April 18, 2024 BUSINESS WIRE )--P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) ("the Company") today reported net income of $0.3 million, or diluted and basic earnings per share of $0.01, for the quarter ended March 31, 2024. These results compare to net income of $5.2 million, or diluted earnings per share of $0.23 ($0.24 basic), for the quarter ended March 31, 2023. Operating revenues decreased 17.6% to $182.6 million for the first quarter of 2024 compared to $221.7 million for the first quarter of 2023. Joe Vitiritto, President of the Company, commented, "The truckload market continued to be extremely challenging during the first quarter of 2023, characterized by shippers continued success in leveraging an overcapacity market to their advantage to attain rates at or below cost. This market backdrop coupled with weather disruptions early in the quarter which drove cost increases and reductions in equipment Show less Read more
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