YRC Worldwide Reports 2014 First Quarter Results

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Go back to YRC Worldwide Reports 2014 First Quarter Results

YRC Worldwide, Inc. (YRCW) Posts Q1 Loss of $3.95/Share

May 1, 2014 8:30 AM EDT

YRC Worldwide, Inc. (NASDAQ: YRCW) reported Q1 EPS of ($3.95), which may not compare with the analyst estimate of ($1.12). Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.17 billion.

The company reported, on a non-GAAP basis, adjusted EBITDA of $23.4 million for the first quarter of 2014, as compared to adjusted EBITDA of $60.7 million for the first quarter of 2013

"We faced numerous challenges during the first quarter as we battled both the distractions from the ratification of the Memorandum of Understanding (MOU) along with Mother Nature," said YRC... More