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P.A.M. TRANSPORTATION SERVICES, INC. ANNOUNCES THIRD QUARTER EARNINGS

 TONTITOWN, Ark., Nov. 8 /PRNewswire/ -- P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) today announced that the company reported net income of $606,043 or $.08 per share for the three months ended Sept. 30, an increase of 167 percent over the prior year period, and $2,142,199 or $.30 per share for the nine month period then ended, an increase of 107 percent over the prior year period.
 The company reported net income of $226,720 or $.04 per share and $1,032,561 or $.16 per share, respectively, for the three and nine months ended Sept. 30, 1992.
 Operating revenues increased by 6.8 percent for the quarter ended Sept. 30 were $17,601,303 compared to $16,476,267 in the same quarter last year. Operating revenues for the nine months ended Sept. 30 were $52,151,799 compared to $50,188,827 for the nine months ended Sept. 30, 1992.
 Operating income for the three months ended Sept. 30 increased 143 percent to $1,374,498 compared to operating income of $566,012 for the three months ended Sept. 30, 1992. For the nine months ended Sept. 30, operating income of $3,969,729 reflects a 89 percent increase over operating income of $2,103,611 for the same period in 1992.
 The company's operating ratios for the three and nine month periods ended Sept. 30 improved substantially to 92.2 percent and 92.4 percent respectively, as compared to 96.6 percent and 95.8 percent for the comparable periods ended Sept. 30, 1992.
 Robert W. Weaver, president, commented: "Our improved third quarter results are primarily attributable to an 8.5 percent increase in revenues per tractor per work day. Demand for services continues to be strong into the fourth quarter. We are also very pleased to report that effective today, the company's common stock has been authorized for quotation on the NASDAQ National Market System."
 P.A.M. Transportation Services, Inc. is an irregular route, common and contract motor carrier authorized to transport general commodities throughout the continental United States and the Canadian provinces of Ontario and Quebec, pursuant to operating authorities granted by the Interstate Commerce Commission, various state regulatory agencies and Canadian regulatory agencies.
 P.A.M. TRANSPORTATION SERVICES, INC.
 EARNINGS REPORT
 Quarter Ended 9 mos. ended
 9/30/93 9/30/92 9/30/93 9/30/92
 Operating revenues $17,601,303 $16,476,267 $52,151,799 $50,188,827
 Operating expenses 16,226,805 15,910,255 48,182,070 48,085,216
 Operating income 1,374,498 566,012 3,969,729 2,103,611
 Net income 606,043 226,720 2,142,199 1,032,561
 Avg. common and
 equivalent shares
 outstanding 7,401,312 7,014,786 7,310,849 7,017,953
 Earnings per share .08 .04 .30 .16
 Operating ratio 92.2 pct. 96.6 pct. 92.4 pct. 95.8 pct.
 -0- 11/8/93
 /CONTACT: Robert W. Weaver of P.A.M. Transport, Inc., 501-361-9111/
 (PTSI)


CO: P.A.M. Transport, Inc. ST: Arkansas IN: TRN SU: ERN

BR-RA -- AT001 -- 1630 11/08/93 09:21 EST
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Publication:PR Newswire
Date:Nov 8, 1993
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