PAMT Corp Q2 revenue rises
PAMT•Outlook
- Company did not provide any specific guidance
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
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 |
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
- - Q2 results included $3.1 mln one-time accrual for prior-year auto liability claims, increasing net loss by $2.3 mln after-tax
