PAMT CORP Q2 revenue rises
PAMT CORP Q2 revenue rises
Overview
US truckload carrier's Q2 revenue rose 8.9% yr/yr to $164.7 mln
Company posted Q2 net loss of $7.4 mln, narrower than prior year
Q2 results included $3.1 mln one-time accrual for prior-year auto liability claims
Outlook
Company did not provide any specific guidance
Result Drivers
PRODUCTIVITY GAINS - Co said truck productivity measured in miles per truck per day increased 12.8% yr/yr, per President Lance Stewart
COST CONTROL - Co said it continues to remove costs, including underutilized equipment, from the network, per President Lance Stewart
AUTO LIABILITY ACCRUAL - Q2 results included $3.1 mln one-time accrual for prior-year auto liability claims, increasing net loss by $2.3 mln after-tax
Company press release: ID:nBw5dhnlPa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Total Revenue |
| $164.65 mln |
|
Q2 Loss Per Share |
| $0.36 |
|
Q2 Net Loss |
| $7.44 mln |
|
Q2 Operating Income |
| -$10.41 mln |
|
Q2 Pretax Loss |
| $9.95 mln |
|
Reuters Recommended Reads
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)