P.A.M. Transportation Services Inc., Tontitown, Ark., reported net income of $3,268,194 or diluted and basic earnings per share of $.32 for the quarter ended Sept. 30, 2006, and $13,692,941 or diluted and basic earnings
per share of $1.33 for the nine month period then ended.
These results compare to net income of $2,213,089 or diluted and basic earnings per share of $.20, and $8,796,068 or diluted and basic earnings per share of $.79, respectively, for the three and nine months ended Sept. 30, 2005.
Operating revenues excluding fuel surcharges were $85,502,372 for the third quarter of 2006, an 8.1 percent increase compared to $79,061,734 for the third quarter of 2005. Operating revenues excluding fuel surcharges were $266,043,526 for the nine months ended Sept. 30, 2006, a 9.7 percent increase compared to $242,491,649 for the nine months ended September 30, 2005.
Robert W. Weaver, president of the company, said, "Our predominant business mix spans a variety of manufacturing-based customers with secondary interest in retail and consumer goods. Due to seasonal downtime and product mix changeover, the third quarter has not historically been our strongest quarter of the year. With that said, we are pleased with our solid results for the third quarter of 2006 of $.32 cents per share, a 60 percent increase from $.20 cents per share earned in the third quarter of 2005.”