Company: PAMT
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007273
Chunk: 429

Company: PAMT CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 6
Chunk 429
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446   3,168 
 INTEREST EXPENSE   (13,240)  (9,177)  (7,929)
             
 (LOSS) INCOME BEFORE INCOME TAXES   (41,546)  28,579   119,007 
             
 FEDERAL & STATE INCOME TAX (BENEFIT) EXPENSE:             
 Current   2,034   7,277   13,794 
 Deferred   (11,785)  2,886   14,541 
             
 Total federal & state income tax (benefit) expense   (9,751)  10,163   28,335 
             
 NET (LOSS) INCOME  $(31,795) $18,416  $90,672 
             
 (LOSS) EARNINGS PER COMMON SHARE:             
 Basic  $(1.45) $0.83  $4.08 
 Diluted  $(1.45) $0.83  $4.04 
             
 AVERAGE COMMON SHARES OUTSTANDING:             
 Basic   21,878   22,056   22,246 
 Diluted   21,878   22,197   22,436 

See notes to consolidated financial statements.

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PAMT CORP AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022

(in thousands, except per share data)

      Common Stock Shares / Amount    Additional  Paid-In  Capital    Treasury  Stock    Retained  Earnings    Total  
                         
 BALANCE— January 1, 2022   22,348  $234  $84,472  $(169,946) $301,350  $216,110 
                         
 Net income                90,672   90,672 
 Stock Split       112   (111)        1 
 Restricted stock issued   29                
 Treasury stock repurchases   (211)        (7,000)     (7,000)
 Treasury stock