RMIEarnings Watch: Hub Group, Roadrunner, ODFL, YRC Worldwide
Multi-modal shipping transporter Center Group Incorporation. (NASDAQ: HUBG) has noted increases inside fourth one fourth 2015 in addition to full yr profits since revenue regarding both periods drifted lower for the Illinois-based operation.
Net gain totaled $22. 4 , 000, 000 for the fourth quarter, or even diluted earnings per share of 63 cents, 7 cents much better than expectations from Zacks Investment Research, when compared with $16. 4 million a year earlier or 45 cents per share.
Total revenue decreased 3% to $890 million, mainly due to lower fuel surcharges, according to the company.
The companys Hub portion revenue decreased 4% to $669 million compared to the 4th quarter while intermodal revenue decreased 4% to $446 million. Vehicle brokerage income increased 6% to $89 million since Unyson Logistics revenue reduced 10% in order to $134 million. Operating income was $28. 4 million, an increase associated with 49% compared to the prior yr.
Revenue for that companys Setting Transportation section, which operates mainly along with independent business people, decreased 1% to $242 million when compared to fourth one fourth 2014. Working income was $6. 9 million, an increase of 22% compared to the prior year time period.
For all of 2015, Centre Groups net income totaled $71 million in comparison to $51. six million per year earlier. Diluted earnings for each share for 2015 had been $1. 97, up through $1. 40 in 2014. Excluding particular items, modified earnings per share had been $2. 01 for the yr compared to $1. 77 in 2014.
Overall revenue a year ago fell 1% from 2014 to $3. 5 billion.
More amounts can be found within the Hub Team website.
Roadrunner Sees Small Drop in Profits
In contrast, the asset-light transportation plus logistics provider Roadrunner Transportation Systems Inc. (NYSE: RRTS) reported that profits declined slightly in the final three months of last year as shipping volumes throughout most end markets plus fuel surcharge revenue dropped.
Net income had been $12. 1 million in the final one fourth of 2015 compared to $12. 4 mil a year previously as diluted earnings for each share were unchanged from 32 pennies for the Wisconsin-based operation. But that defeat expectations through Zacks Expense Research by a penny.
Income for the one fourth decreased seven. 8% in order to $490. 9 million whilst operating income was $24. 3 million, compared to $24. 2 million for the earlier year one fourth.
Net income for 2015 totaled $48 million, down through $52 mil in 2014, as diluted earnings per share also slid in order to $1. twenty three from $1. 32.
Income for 2015 increased 6. 5% from 2014 in order to $2 billion. Operating earnings was $96. 7 million, compared to $95. 7 million for the prior year.
According to MarkDiBlasi, TOP DOG of Roadrunner, the fall in income in the last quarter associated with 2015 has been primarily due to the decline within freight volumes across many end markets, net of recent business, as well as the decrease in fuel surcharge income, which decreased revenue simply by $33. three or more million quarter-over-quarter.
While our own focus over the past several years continues to be on tactical growth and acquisition endeavours to position us for the long term, the focus in 2016 will be to continue to enhance cash flow from operations and to reduce our leverage percentage towards our long-term goal of less than 2 . five times EBITDA, he mentioned.
Roadrunners truckload revenues reduced 2 . 1% to $305 million for that fourth one fourth of 2015 from the same time in 2014 primarily because of lower energy surcharge revenues, which reduced $22. 9 million quarter-over-quarter. Despite gentle demand in a few end marketplaces and a significant decline within spot marketplace pricing, TL operating earnings increased 12. 5% from the fourth quarter of 2014 to a high of $22. one million for your most recent quarter.
Less-than-truckload (LTL) revenues decreased 16% in order to $118. 4 million for the fourth one fourth of 2015 from a year earlier as a result of combination of lower fuel surcharge revenue, which usually decreased $9. 6 million quarter-over-quarter, plus weak shipping demand within the general commercial markets Roadrunner serves, based on the company. LTL operating income was $1. 2 million, for the fourth quarter of 2015, in comparison to $2. eight million, for your fourth quarter of 2014.
We are applying sales plus productivity endeavours in our LTL segment to mitigate the weak economic environment. We expect these endeavours will take several quarters to obtain their full impact, the organization said in a news release.
You could find more details around the Roadrunner Transportation website.
ODLF Improves In spite of Freight Market
Meantime, the mainly LTL carrier Older Dominion Shipping Line Incorporation. (NASDAQ: ODFL) saw the fourth quarter net income increase 3. 4% from a year ago to $72. two million because it hauled more freight inside a weaker financial enviornment while basic and diluted income per discuss increased in order to 85 cents from 81 cents. The per discuss performance was off by 1 dollar of anticipation from Zacks Investment Analysis.
Revenue throughout the quarter totaled $734. 6 million, 1 . 9% increased for the quarter from a year earlier for the North Carolina-based fleet that has nearly 18, 000 full-time employees.
Aged Dominion produced solid monetary results for that fourth one fourth, despite a soft economic environment and strong equivalent results for your fourth one fourth of 2014. We think that we acquired market share throughout the fourth one fourth based on boosts in both shipments and tonnage, said Jesse S. Congdon, vice chairman and CEO.
He said Old Dominions revenues for that fourth quarter reflect the combined impact of a 3% increase in LTL tons along with a 0. 2% decline in LTL income per hundredweight. Tonnage within the fourth quarter included an increase in LTL shipments associated with 8. 2% that was partly offset with the 4. 8% decrease in LTL weight per shipment.
The revenue plus yield had been both adversely affected by a substantial decline in fuel surcharges as compared with all the fourth one fourth of this past year. Congdon stated. The prices environment continued to be relatively steady during the one fourth, however , and we were happy with the 6. 1% increase in LTL revenue per hundredweight, excluding fuel surcharges.
For 2015, ODFL saw its net income increase 13. 9% from the yr before in order to $304. seven million while basic plus diluted stocks increased in order to $3. 57 from $3. 10. Year-over-year revenue shifted 6. 6% higher in order to $2. ninety-seven billion.
The organization said the operating ratio increased somewhat to 84. 5% for that fourth one fourth of 2015 as compared to exactly the same quarter associated with last year, primarily due to higher costs for salaries, income and benefits as well as increased depreciation. It was partially counteract by the decrease in operating products and expenditures as well as productivity improvements in platform and Pamp; M operations.
A far more detailed look at the companys monetary performance will be on the ODFL website.
YRC Worldwide Barley Makes an Annual Profit
Also within the LTL part, YRC Globally (NASDAQ: YRCW) announced it managed to barely have a rewarding 2015 after losing tens of millions of dollars a year earlier, but moved back in the red-colored in the last quarter of last year.
Net income in 2015 for Kansas-based parent in order to YRC Freight and other carriers was $700, 000 when compared with a loss of $67. seven million within 2014, or diluted income of 2 cents for each share when compared with a reduction per diluted share associated with $3. 00.
Total revenue last year slipped to $4. 8 billion from $5. 1 billion in 2014.
For the final quarter associated with 2015 it recorded the net lack of $23. five million, or even a loss of 73 cents per diluted discuss, missing the consensus estimate of revenue of twenty cents through Zacks Investment decision Research, in comparison to a profit associated with $6. two million, or earnings associated with 16 pennies per diluted share a year earlier.
Revenue for the one fourth fell to $1. fourteen billion from $1. twenty two billion in the 2014 one fourth.
Its operating loss of $15. 3 mil in the latest quarter integrated more than $29 million regarding non-union monthly pension settlement fees and home disposals. This compares to working income associated with $31. two million annually earlier.
Within 2015, all of us successfully carried out our strategy of enhancing price, shipping mix and profitability more than volume and market share while lowering our own consolidated operating ratio to 98. 1, said Wayne Welch, TOP DOG. Despite the challenges of decreasing fuel surcharge revenue and also a flattening economy in the 2nd half of the entire year, our full-year operating revenue more than bending prior yr results even with the influence of a non-cash pension negotiation charge.
In the companys nationwide operations, YRC Freight, fourth-quarter tonnage each day decreased 6. 8% although it fell 2 . 6% at the regional portion that includes the particular fleets Netherlands, Reddaway plus New Penn. For all of 2015 tonnage per day decreased 5. 8% at YRC Freight and 1 . 9% at the regional segment compared to 2014.
At YRC Freight, excluding fuel surcharge, fourth quarter 2015 revenue for each shipment increased 4. 4% and income per hundredweight increased by 4. 2% when compared to exactly the same period within 2014.
Full-year 2015 revenue per shipment excluding gas surcharges improved 7. 7% at YRC Freight and revenue per hundredweight improved by 6. 1% when compared to 2014.
In the regional section, excluding fuel surcharge, fourth quarter 2015 revenue per shipment improved 3. 4% and revenue per hundredweight increased by 3. 3% compared 2014.
Full-year 2015 revenue for each shipment not including fuel surcharges increased 5. 6% on the regional portion and revenue per hundredweight increased simply by 4. 6% compared to 2014. Including gas surcharge, income per shipment increased 0. 2% plus revenue for each hundredweight reduced 0. 7%.
When it comes funds, which YRC Worldwide has had plenty of trouble with recently, the company stated that at the end of 2015, it had cash, cash equivalents plus credit amassing nearly $210 million. This past year, cash provided by operating activities was $140. 8 mil compared to $28. 5 million in 2014.
We would certainly like for the freight environment to be much better and improve throughout 2016, said Welch. We will stay the program and stay focused on supplying our clients excellent support, improving our freight combine and profitability which all of us believe eventually drives long-term shareholder worth.
In the meantime, YRC Worldwide is usually banking on which it says is several experienced help, announcing last month the particular appointment associated with three crucial executives in whose credits include some big fleet names.
Chet Richardson was named vice chief executive of transport. He is an ex Con-way Freight executive along with 31 many years of experience within the LTL market.
Paul Lorensen is top the central divisions procedures as division vice president. He furthermore comes from Con-Way Freight with 31 many years of industry encounter.
Don Hinkle was called the new vice president of equipment solutions. Hinkle has spent more than 23 many years in all parts of terminal procedures as well as fleet maintenance. A previous YRC Freight employee, Hinkle came back to the business following thirteen years with FedEx Shipping.
Theres more details about YRC Worldwide site.
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