PAMT
Pamt Corp.10.87
-0.07-0.64%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
227.47MP/E (TTM)
-Basic EPS (TTM)
-2.54Dividend Yield
0%Recent Filings
10-K
FY2025 results
PAMT Corp's FY2025 ended December 31, 2025 delivered revenue before fuel surcharges of $526.5M, down 16.4% y/y from $629.0M, as truckload services fell 14.8% to $359.6M on 8.3% fewer miles and 3.8% lower rates amid truck oversupply, while brokerage dropped 19.3% to $167.0M. Q4 hammered results with a $26.5M auto-liability reserve hit from settling a major claim exceeding insurance, spiking insurance to 12.9% of truckload revenue vs 4.6% prior year and driving operating ratio to 118.4% from 111.2%. Gains on $15.5M equipment sales offset some pain, yet net loss widened to $52.6M or ($2.48) per share. Truck fleet shrank 10.4%; $333.9M debt at 5.31% with $60M revolver dry. Q4 claim crushed momentum. Tariffs on Mexico freight threaten cross-border volumes.
8-K
Revenues plunge, reserves spike
PAMT Corp reported Q4 revenues down 15.1% to $141.3M and full-year 2025 revenues off 16.3% to $598.1M, with net losses of $29.3M ($1.40/share) and $52.6M ($2.48/share). A $26.5M auto-liability reserve hike crushed results, yet adjusted losses narrowed to $0.45/share quarterly. Debt climbed to $333.9M amid equipment buys. Reserves sting.
10-Q
Q3 FY2025 results
PAMT Corp posted Q3 revenue of $150.3M, down 17.7% y/y from $182.6M, with truckload at 68.6% of the mix amid freight recession and 10% fewer trucks. Operating loss hit $5.7M versus $2.3M income y/y, driven by higher depreciation from revised salvage estimates, while net loss of $5.6M reflected added interest expense on $342M debt. Mexico shipments grew to 44.6% of revenue, yet brokerage margins slipped. Cash steady at $68.8M with $59.8M revolver availability; $14.8M tender offer closed May 2025. Operating cash flow generated $23.1M YTD. Shares outstanding fell to 20.9M. Tariffs on Mexico trade loom large.
8-K
Q3 revenues down 17.7%
8-K
Execs ink new pay deals
PAMT Corp amended CEO Lance Stewart's employment agreement effective August 4, 2025, setting base salary at $505,440 with six-month severance without cause. Signed a new deal for SVP Finance Daniel Kleine effective August 11, 2025, at $240,240 base with four-month severance. Both lock in strict non-competes up to one year. Leadership secured.
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