Quarterly ResultAug 4, 2026, 05:03 PM
PAMT Appoints Daniel C. Kleine as CFO; Reports Q2 Net Loss of $7.4M
AI Summary
PAMT CORP announced the appointment of Daniel C. Kleine as its new Chief Financial Officer, effective July 30, 2026. Mr. Kleine, previously Senior Vice President of Finance and Treasurer, will receive an annual base salary of $300,000 and 20,000 restricted stock units. Concurrently, the company reported its second-quarter 2026 financial results, with a net loss of $7.4 million, an improvement from a $9.6 million net loss in Q2 2025. Total revenues increased by 8.9% year-over-year to $164.7 million, and diluted loss per share improved to $0.36 from $0.46.
Key Highlights
- Daniel C. Kleine appointed Chief Financial Officer, effective July 30, 2026.
- New CFO's annual base salary set at $300,000, plus 20,000 restricted stock units.
- Q2 2026 net loss of $7.4 million, an improvement from $9.6 million loss in Q2 2025.
- Total revenues for Q2 2026 increased 8.9% year-over-year to $164.7 million.
- Diluted loss per share was $0.36, an improvement from $0.46 in Q2 2025.
- Operating loss for Q2 2026 was $10.4 million, down from $11.1 million in Q2 2025.
- Truck productivity increased 12.8% YoY; empty miles improved from 8.9% to 7.4%.
- Liquidity of $116.7 million and stockholders' equity of $203.1 million as of June 30, 2026.
Price Impact
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