YRC Worldwide Reports Third Quarter 2019 Results
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YRC Worldwide (YRCW) Misses Q3 EPS by 25c, Revenues Miss
October 31, 2019 7:32 AM EDTYRC Worldwide (NASDAQ: YRCW) reported Q3 EPS of ($0.48), $0.25 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.27 billion.
Financial Highlights
In third quarter 2019, net loss was $16.0 million compared to net income of $2.9 million in third quarter 2018. On a non-GAAP basis, the Company generated consolidated Adjusted EBITDA of $65.9 million in third quarter 2019, a decrease of $18.3 million compared to $84.2 million for the same period in 2018 (as detailed in the reconciliation below). Last twelve month (LTM) consolidated Adjusted EBITDA was... More