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PAMT CORP - Common Stock (PAMT)

13.48
+2.37 (21.33%)
NASDAQ · Last Trade: Apr 4th, 7:51 PM EDT
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PAMT CORP Commences Self Tender Offer to Purchase up to 435,000 Shares
PAMT CORP (NASDAQ: PAMT) (the “Company”) today announced the commencement of a modified “Dutch auction” tender offer to purchase up to 435,000 shares, or about 2.0%, of its outstanding common stock at a price of not less than $14.00 and not more than $17.00 per share. The tender offer will expire at 5:00 p.m., Eastern Time, on May 1, 2025, unless extended or withdrawn. The Company anticipates paying for the shares tendered in the offer from its available cash and cash equivalents but may utilize funds borrowed under its existing line of credit. The Board of Directors determined that it is in the Company’s best interest to repurchase shares at this time given the Company’s financial condition and stock price.
By PAMT CORP · Via Business Wire · April 3, 2025
PAMT CORP Announces Results for the Fourth Quarter and Year Ended December 31, 2024
PAMT CORP (NASDAQ: PAMT) (“we” or the “Company”) today reported consolidated net loss of $31.6 million, or diluted and basic loss per share of $1.45, for the quarter ended December 31, 2024 and consolidated net loss of $31.8 million, or diluted and basic loss per share of $1.45, for the year ended December 31, 2024. These results compare to consolidated net loss of $2.2 million, or diluted and basic loss per share of $0.10, for the quarter ended December 31, 2023, and consolidated net income of $18.4 million, or diluted and basic earnings per share of $0.83, for the year ended December 31, 2023.
By PAMT CORP · Via Business Wire · February 11, 2025