USA Truck (USAK) Posts Q1 Loss of $0.61/Share

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Go back to USA Truck (USAK) Posts Q1 Loss of $0.61/Share

USA Truck Reports First Quarter 2017 Results

May 3, 2017 7:00 AM EDT

1Q 2017 net loss of ($4.9) million, or ($0.61) per share versus 1Q 2016 net loss of ($1.8) million, or ($0.19) per share Continued progress in miles per seated tractor per week up 4.8% over 1Q 2016, and Base revenue per seated tractor per week up 0.9% over 1Q 2016 1Q results include pretax $4.5 million, or $0.35 per share, net-of-tax, insurance reserve development charge, and pretax $0.8 million, or $0.06 per share, net-of-tax, severance in salaries, wages and employee benefits Return to operating profitability expected in 3Q 2017 as new management team and... More