YRC Worldwide (YRCW) Tops Q4 EPS by 9c, Revenues Beat

YRC Worldwide (NASDAQ: YRCW) reported Q4 EPS of ($0.46), $0.09 better than the analyst estimate of ($0.55). Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.14 billion.

• Consolidated operating revenue for fourth quarter 2019 of $1.160 billion and consolidated operating income of $9.8 million, which included a $10.1 million net gain on property sales. As a comparison, for the fourth quarter 2018, the Company’s results included operating revenue of $1.247 billion and consolidated operating income of $55.1 million, which included a $28.1 million net gain on property disposals.
• Net loss for fourth quarter 2019 was $15.3 million, or $0.46 per share compared to net income of $17.5 million, or $0.52 per share, in fourth quarter 2018.

“Despite a challenging industrial backdrop in the back half of 2019, it was a very active year for us as we kicked off our multi-year enterprise transformation strategy,” said Darren Hawkins, Chief Executive Officer of YRC Worldwide Inc. “Our strategy will build on the strengths and breadth of our regional and national networks and the equally respected brand names associated with each and is intended to enhance our customer experience with the end goal of improving our profitability and cash flow.”

For earnings history and earnings-related data on YRC Worldwide (YRCW) click here.

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