P.A.M. says 2Q income up 42%

user-gravatar

P.A.M. Transportation Services announced today, July 26, that its second-quarter net income was $5.24 million, an increase of 42.4 percent compared to $3.68 million in 2005. Operating revenues, excluding fuel surcharges, were $89.69 million, up 7.6 percent over $83.32 million for last year.

For the first six months of the year, net income was up 58.4 percent from $6.58 million in 2005 to $10.42 million this year. Operating revenues were $180.54 million, compared to last year’s $163.43 million, a 10.5 percent increase for the first half of the fiscal year.

“We are very pleased with results for our second quarter,” said Robert W. Weaver, president of the Tontitown, Ark.-based company. “Good utilization and steady demand, combined with favorable pricing, produced record results for the company in both earnings per share and net income.”