PAMT CORP

PAMT CORP reported a significant improvement in its financial performance for the first quarter of 2026, with net loss narrowing to $8 thousand from $8.142 million in the prior year. The company's operating loss also substantially improved to $271 thousand from $9.191 million. This turnaround was significantly aided by a higher gain on the sale or disposition of assets. Additionally, the company finalized a $30.0 million motor vehicle accident lawsuit settlement, with $26.5 million net exposure, and no further adjustments were required.

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.