USA Truck (USAK) Tops Q2 EPS by 3c, Revenues Beat

USA Truck (NASDAQ: USAK) reported Q2 EPS of $0.31, $0.03 better than the analyst estimate of $0.28. Revenue for the quarter came in at $135.4 million versus the consensus estimate of $123.5 million.

President and CEO James Reed commented, “USA Truck maintained momentum through the second quarter of 2018, delivering the fourth consecutive quarter of consolidated profitability, as well as producing positive operating income in both the Trucking and Logistics segments. Our trucking operations generated impressive year-over-year and sequential progress in our most critical metric, revenue per truck per week, which was a key contributing factor in our Trucking segment’s operating ratio improvement of 930 basis points year over year and 310 basis points sequentially. Our continued focus on strengthening strategic customer relationships, adding density to our network, and providing strong customer service has also led to new dedicated opportunities which we expect will enhance utilization and be accretive to the bottom line. We remain focused on seating trucks, improving base revenue per available tractor per week and increasing volume in our USAT Logistics segment. We believe increased performance in these areas will continue to deliver on our goals of continued improvement in our consolidated results and maximizing shareholder value.”

For earnings history and earnings-related data on USA Truck (USAK) click here.

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