<span item_type="fundamental" item_id="2dc7aea86258695c86d53d1cf1259f3f" counter_id="ST/US/PAMT" env="prod"></span><span item_type="announcement" item_id="579538549918533761" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 150.26 M, missing the estimate of USD 160.8 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.27, missing the estimate of USD -0.24.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -1.232 M.</p><p></p><h3>Truckload Services</h3><h4>Revenue</h4><ul><li>Truckload services revenue, before fuel surcharges, decreased 17.6% to $91.2 million for Q3 2025 compared to $110.6 million for Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li><li>For the nine months ended September 30, 2025, truckload services revenue, before fuel surcharges, decreased 13.4% to $276.4 million compared to $319.4 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li></ul><h4>Operating Expenses</h4><ul><li>Salaries, wages, and benefits increased from 38.2% of revenues in Q3 2024 to 40.9% in Q3 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li><li>Operating supplies and expenses increased from 11.7% of revenues in Q3 2024 to 12.6% in Q3 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li><li>Rent and purchased transportation decreased slightly to 26.2% of revenues in Q3 2025 from 26.7% in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li><li>Depreciation increased from 15.8% of revenues in Q3 2024 to 21.3% in Q3 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li><li>Gain on disposition of equipment increased from 0.2% of revenues in Q3 2024 to 4.4% in Q3 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li><li>Non-operating income decreased from 3.3% of revenues in Q3 2024 to 2.8% in Q3 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li><li>Interest expense increased from 2.5% of revenues in Q3 2024 to 4.8% in Q3 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li></ul><h4>Operating Ratio</h4><ul><li>The truckload services division operating ratio increased from 100.5% for Q3 2024 to 106.7% for Q3 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li><li>For the nine months ended September 30, 2025, the operating ratio increased from 102.8% in 2024 to 110.0% in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li></ul><h3>Logistics and Brokerage Services</h3><h4>Revenue</h4><ul><li>Logistics and brokerage services revenue, before fuel surcharges, decreased 16.8% to $41.8 million for Q3 2025 compared to $50.2 million for Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li><li>For the nine months ended September 30, 2025, logistics and brokerage services revenue, before fuel surcharges, decreased 21.9% to $127.0 million compared to $162.6 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li></ul><h4>Operating Expenses</h4><ul><li>Rent and purchased transportation increased from 86.8% of revenues in Q3 2024 to 90.2% in Q3 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li><li>For the nine months ended September 30, 2025, rent and purchased transportation increased from 86.4% of revenues in 2024 to 89.4% in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li></ul><h4>Operating Ratio</h4><ul><li>The logistics and brokerage services division operating ratio increased from 94.3% for Q3 2024 to 99.1% for Q3 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li><li>For the nine months ended September 30, 2025, the operating ratio increased from 94.0% in 2024 to 98.6% in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li></ul><h3>Combined Services</h3><h4>Net Income</h4><ul><li>Net loss for all divisions was approximately $5.6 million for Q3 2025 compared to net income of $2.4 million for Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li><li>For the nine months ended September 30, 2025, net loss for all divisions was approximately $23.4 million compared to a net loss of $0.2 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li></ul><h3>Cash Flow</h3><h4>Operating Cash Flow</h4><ul><li>Net cash provided by operating activities was $23.1 million for the nine months ended September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li></ul><h4>Investing Cash Flow</h4><ul><li>Net cash provided by investing activities was $21.9 million for the nine months ended September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li></ul><h4>Financing Cash Flow</h4><ul><li>Net cash used in financing activities was $44.4 million for the nine months ended September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><h4>Core Business Focus</h4><ul><li>The company expects to purchase approximately 94 new trucks and 650 new trailers, resulting in net capital expenditures of approximately $33.0 million for the remainder of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li></ul><h4>Non-Core Business</h4><ul><li>The company does not anticipate paying cash dividends in the foreseeable future and intends to retain future earnings to finance growth.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li></ul><h3>Outlook or Guidance</h3><ul><li>The company expects the restoration of 100% bonus depreciation for qualifying capital assets and the reinstatement of the EBITDA-based limitation on interest deductibility under Section 163(j) to increase near-term deductions and reduce future cash tax obligations.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798287/000143774925033356/ptsi20250930_10q.htm"></span></li></ul>

PAMT | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 150.26 M