Rand Logistics (RLOG) Misses Q1 EPS Views

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Go back to Rand Logistics (RLOG) Misses Q1 EPS Views

Rand Logistics Previews Fiscal Year 2017 First Quarter Financial Results

August 16, 2016 6:30 AM EDT

Quarter Highlights:

Operating income of $0.6 million, includes restructuring charges of $2.4 million and impairment charges on retired vessel of $1.9 million, versus $6.1 million last yearEBITDA, excluding restructuring charge, equaled $11.2 million versus $12.0 million last yearMarine freight and vessel margin per day increased 7.7% and 14.1%, respectively

JERSEY CITY, N.J., Aug. 16, 2016 (GLOBE NEWSWIRE) -- Rand Logistics, Inc. (NASDAQ: RLOG) (Rand), a leading provider of bulk freight shipping services throughout the Great Lakes Region, today announced a preview of its financial results... More