U.S. Xpress Enterprises Announces First Quarter Earnings Expectations
13 4월 2007 - 8:25PM
Business Wire
U.S. Xpress Enterprises, Inc. (NASDAQ: XPRSA) today announced its
expected range of earnings for the first quarter ended March 31,
2007, as well as details for the release of its first quarter
results and earnings conference call. For the first quarter of
fiscal 2007, the Company expects to report a loss of approximately
$0.15 to $0.17 per diluted share compared to net income of $0.05
per diluted share for the first quarter of 2006. Revenues are
expected to be approximately $361.0 million, or an increase of
20.5% compared with $299.7 million in the first quarter of 2006.
Revenues for the 2006 period did not include the revenues from
Arnold and Total prior to the consolidation of such companies
effective March 1, 2006. Profitable operating results in both the
truckload and Xpress Global Systems operating segments in March
were unable to overcome the operating loss of the Company�s
truckload segment for January and February, as the quarter was
adversely impacted by lower than expected freight demand, severe
winter weather in key high-traffic markets that hampered tractor
utilization, and rising fuel prices in the second half of the
quarter. The Company plans to issue final first quarter results
after the market closes on Thursday, April 19, 2007, and will host
a conference call to discuss first quarter results on Friday, April
20, 2007, at 11:00 a.m. ET. The number to call for this interactive
teleconference is (913)�981-4910. A replay of the conference call
will be available through April 27, 2007, by dialing (719)�457-0820
and entering the passcode 4697350. The live broadcast of the U.S.
Xpress Enterprises quarterly conference call will be available
online at the Company's website, www.usxpress.com, and at the
following site: http://www.videonewswire.com/event.asp?id=38978 on
April 20, 2007, beginning at 11:00�a.m. ET. The online replay will
follow shortly after the call and continue through April 27, 2007.
U.S. Xpress Enterprises, Inc. is the fifth largest publicly owned
truckload carrier in the United States, measured by revenue. The
Company provides dedicated, regional, and expedited team truckload
services throughout North America, with regional capabilities in
the West, Midwest, and Southeastern United States. The Company is
one of the largest providers of expedited and time-definite
services in the truckload industry and is a leader in providing
expedited intermodal rail services. Xpress Global Systems, Inc., a
wholly owned subsidiary, is a provider of transportation,
warehousing, and distribution services to the floor covering
industry. The Company participates in logistics services through
its joint ownership of Transplace, an Internet-based global
transportation logistics company. U.S. Xpress has an 80% ownership
interest in Arnold Transportation Services, Inc., which provides
regional, dedicated, and medium length-of-haul services with a
fleet of approximately 1,500 trucks, and Total Transportation of
Mississippi and affiliated companies, a truckload carrier that
provides medium length of haul and dedicated dry-van service with a
fleet of approximately 500 trucks primarily in the Eastern United
States. Additionally, U.S. Xpress has a 49% ownership interest in
Abilene Motor Express, Inc., a truckload carrier that provides
medium length of haul and dedicated dry van truck services,
primarily in the eastern United States with a fleet of
approximately 170 trucks. Please visit the Company's website at
www.usxpress.com. XPRS-F This press release contains certain
statements that may be considered "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and Section 27A of the Securities Act of 1933, as
amended. These statements generally may be identified by their use
of terms or phrases such as "expects," "estimates," "anticipates,"
"projects," "believes," "plans," "intends," "may," "will,"
"should," "could," "potential," "continue," "future," and terms or
phrases of similar substance. In this press release, the statement
relating to expectations concerning the range of estimated diluted
earnings per share is a forward-looking statement. The estimated
range has not been subject to all of the review procedures
associated with the release of actual financial results and is
premised on assumptions concerning the financial close and certain
accrual amounts and management judgment associated with the end of
each quarter. Readers should review and consider these factors
along with our various disclosures in filings with the Securities
and Exchange Commission. We disclaim any obligation to update or
revise any forward-looking statements to reflect actual results or
changes in the factors affecting the forward-looking information.
U.S. Xpress (NASDAQ:XPRSA)
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U.S. Xpress (NASDAQ:XPRSA)
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