USA Truck (NASDAQ: USAK) reported Q1 EPS of ($0.26), $0.06 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $126.77 million versus the consensus estimate of $124.77 million.

• 1Q 2020 loss per diluted share of $0.30 versus 1Q 2019 earnings per diluted share of $0.18
• 1Q 2020 adjusted loss per diluted share(a) of $0.26 versus 1Q 2019 adjusted earnings per diluted share(a) of $0.24
• 1Q 2020 Trucking operating revenue (before intersegment eliminations) decreased 1.0% to $94.0 million from $94.9 million in 1Q 2019

President and CEO James Reed commented, “During the first quarter, many of our operational initiatives took hold as loaded miles per available truck increased, empty miles decreased, and unseated truck count metrics improved. We also made significant progress in our move to regionalization as we fully staffed our teams in the operating regions. USAT Logistics accelerated volume throughout and particularly late in the quarter which we expect will have meaningful flow-through in future periods. And while the impact of our operational improvements was muted by a tough pricing environment early on and then complicated by the COVID-19 pandemic later in the quarter, our team rose to the challenge posed by the pandemic as we delivered high quality service through each stage of the crisis. Moving forward, we will continue our focus on protecting the health and safety of our associates and customers alike, while improving the operating metrics we control. We believe we are well positioned for the future with a dense basket of essential customers and freight that should sustain us through a variety of potential business cycles.”

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