P.A.M. Transportation Revenues Up 5.1% for Quarter
P.A.M. Transportation Services Inc., Tontitown, Ark., reported net income of $2,213,089 for the quarter ended Sept. 30, 2005, and $8,796,068 for the nine month period then ended.
P.A.M. Transportation Services Inc., Tontitown, Ark., reported net income of $2,213,089 for the quarter ended Sept. 30, 2005, and $8,796,068 for the nine month period then ended.
These results compare to net income of $3,147,789 and $8,825,729 or diluted and basic earnings per share of $.78, respectively, for the three and nine months ended Sept. 30, 2004.
Operating revenues excluding fuel surcharges were $79,061,734 for the third quarter of 2005, a 5.1 percent increase compared to $75,222,024 for the third quarter of 2004. Operating revenues excluding fuel surcharges were $242,491,649 for the nine months ended September 30, 2005, a 4.5 percent increase compared to $231,966,182 for the nine months ended Sept. 30, 2004.
Robert W. Weaver, president of the company, said, "I was very encouraged by the results posted for both August and September. Unfortunately, these favorable months were not enough to completely overcome the typical July revenue reduction that results each year when certain of the company's largest customers schedule plant shutdowns.”
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