P.A.M. Transportation Services Inc. reported net income of $5,241,387 or diluted and basic earnings per share of $.51 for the quarter ended June 30, 2006, and $10,424,746 or diluted and basic earnings per share of
$1.01 for the six month period then ended.
These results compare to net income of $3,679,592 or diluted and basic earnings per share of $.33, and $6,582,979 or diluted and basic earnings per share of $.59, respectively, for the three and six months ended June 30, 2005.
Operating revenues excluding fuel surcharges were $89,691,702 for the second quarter of 2006, a 7.6 percent increase compared to $83,321,440 for the second quarter of 2005. Operating revenues excluding fuel surcharges were $180,541,154 for the six months ended June 30, 2006, a 10.5 percent increase compared to $163,429,915 for the six months ended June 30, 2005.
Robert W. Weaver, president of the company, said, "We are very pleased with results for our second quarter. Good utilization and steady demand combined with favorable pricing produced record results for the company in both earnings per share and net income. Year over year net income improved 42.4 percent and earnings per share improved 54.5 percent for the second quarter ended June 30, 2006 as compared to the second quarter ended June 30, 2005.
“Revenue per total mile, before fuel surcharge, increased 9.6 percent to $1.34 from $1.23 for the quarters ended June 30, 2006 and 2005 respectively.”