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Roadrunner Transportation’s Trucking Revenues Up 12.5% for Q2

August 4, 2015 By: Trucking News Staff Tags: Fleet Management, News
Roadrunner Transportation’s Trucking Revenues Up 12.5% for Q2

Roadrunner Transportation Systems Inc., the Wisconsin-based asset-light transportation and logistics service provider, said revenues for the quarter ended June 30, 2015 increased 12.5 percent to $517.9 million from $460.2 million in the same quarter in 2014.

Operating income was $31.2 million, compared to $27.0 million in the prior year quarter.

Net income available to common stockholders for the period was $16.5 million, compared to $14.8 million in the second quarter of 2014. Diluted earnings per share available to common stockholders for the three months ended June 30, 2015 was $0.42, compared to $0.38 in the prior year quarter.

Revenues for the six months ended June 30, 2015 increased 19.6 percent to $1,006.9 million from $842.2 million in the same period in 2014. Operating income was $58.0 million, compared to $46.2 million in the prior year period. As a percent of revenue, operating income was 5.8 percent, compared with 5.5 percent in the same period last year.

Net income available to common stockholders for the period was $30.1 million, compared to $25.2 million in the prior year period. Diluted earnings per share available to common stockholders for the six months ended June 30, 2015 was $0.76, compared to $0.64 in the prior year period.

In discussing the company’s second quarter performance, Mark DiBlasi, president and CEO of Roadrunner, said, “Second quarter adjusted diluted earnings per share increased 15.8 percent from $0.38 in the second quarter of 2014 to $0.44 in the second quarter of 2015. We were pleased that our TL and TMS segments once again had record operating income in the second quarter. Our TL segment surpassed its previous quarterly record for operating income by 4.3 percent. Our TMS segment surpassed its previous quarterly record for operating income by 14.5 percent.

Commenting on guidance for the third quarter of 2015, Peter Armbruster CFO of Roadrunner, said, “We anticipate our revenues for the third quarter of 2015 to be in the range of $530 million to $555 million. We expect diluted earnings per share available to common stockholders, excluding acquisition transaction expenses, to be between $0.43 and $0.47.”