PAM Company profile
About P.A.M. Transportation Services, Inc.
P.A.M. Transportation Services, Inc. is a holding company. The Company through its subsidiaries, operates as a truckload transportation and logistics company. It operates as a truckload dry van carrier transporting general commodities throughout the continental United States, as well as in certain Canadian provinces. Its operations are classified into truckload services, or brokerage and logistics services. Its truckload services are performed by Company divisions, which utilize Company owned trucks, long-term contractors, or single-trip contractors to transport loads of freight for customers. Its brokerage and logistics services facilitate the transport of loads of freight for customers and involve the utilization of single-trip contractors. The Company also provides transportation services in Mexico under agreements with Mexican carriers. Its freight consists of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, P.A.M. Transportation Services, Inc. revenues increased 45% to $707.1M. Net income increased from $17.8M to $76.5M. Revenues reflect Revenue, before fuel surcharge increase of 46% to $641.3M, Fuel surcharge increase of 38% to $65.9M. Net income benefited from Equity Earnings -Before Taxes increase from $3.9M (expense) to $3.1M (income).
Equity composition
Common Stock $.01 Par, 03/11, 40M auth., 11,375,207 issd., less 2,044,630 shares in Treas. @ $30.1M. Insiders control approx. 55% . IPO: 9/86, 1,725,000 shares @ $11.25 by The Robinson-Humphrey Co., Inc. PO 3/02, 3,475,000 shs. (2.1M shs. by the Company) @ $22 by Stephens, Inc. 1/94, Co. redeemed all Pref.shares.
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