Quarterly ResultMay 1, 2026, 05:08 PM
PAMT CORP Q1 Net Loss $0.01M; Revenues $141.9M; Plans Share Buyback
AI Summary
PAMT CORP reported a significantly reduced net loss of $0.01 million for the first quarter ended March 31, 2026, a substantial improvement from the $8.1 million net loss in the prior year's quarter. This quarter's results included a one-time $12.7 million gain from a property sale, contributing to a net after-tax benefit of approximately $9.7 million. Total revenues decreased by 8.7% year-over-year to $141.9 million. Additionally, the company announced its intention to more actively implement share repurchases during the second quarter of 2026 under its existing authorization, with 472,845 shares remaining available.
Key Highlights
- Q1 2026 net loss significantly improved to $0.01 million from $8.1 million in Q1 2025.
- Total revenues decreased 8.7% to $141.9 million in Q1 2026 from $155.3 million in Q1 2025.
- Q1 2026 results included a one-time $12.7 million pre-tax gain on the sale of real property.
- Diluted loss per share was $0.00 in Q1 2026, compared to $0.37 in Q1 2025.
- Company intends to more actively implement share repurchases during Q2 2026.
- As of March 31, 2026, 472,845 shares remained available for repurchase under the program.
- Operating loss improved to $0.3 million in Q1 2026 from $9.2 million in Q1 2025.
- Used $2.7 million in operating cash flow during the first three months of 2026.