Company: PAMT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001437749-25-015763
Chunk: 5

Company: PAMT CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
INGENCIES (Note L)           
 STOCKHOLDERS' EQUITY         
 Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued   -   - 
 Common stock, $.01 par value, 100,000,000 shares authorized; 22,372,244 and 22,364,120 shares issued; 21,790,658 and 21,782,534 shares outstanding at March 31, 2025 and December 31, 2024, respectively   224   224 
 Additional paid-in capital   41,400   41,171 
 Treasury stock, at cost; 581,586 shares at March 31, 2025 and December 31, 2024, respectively   (13,996)  (13,996)
 Retained earnings   241,967   250,109 
 Total stockholders’ equity   269,595   277,508 
         
 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $712,641  $741,654 

See notes to condensed consolidated financial statements.

       3

      Table of Contents

PAMT CORP AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

(unaudited)

(in thousands, except per share data)

      Three Months Ended  
   March 31,  
   2025    2024  
 OPERATING REVENUES:         
 Revenue, before fuel surcharge  $136,701  $160,969 
 Fuel surcharge   18,641   21,623 
 Total operating revenues   155,342   182,592 
         
 OPERATING EXPENSES AND COSTS:         
 Salaries, wages and benefits   40,814   44,063 
 Operating supplies and expenses   31,385   34,712 
 Rent and purchased transportation   62,973   73,279 
 Depreciation   22,595   18,935 
 Insurance and claims   4,781   4,861 
 Other   4,999   7,179 
 (Gain)/loss on sale or disposition of equipment   (3,014)  240 
 Total operating expenses and costs   164,533   183,269 
         
 OPERATING LOSS   (