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OVERLAND PARK, Kan., May 3, 2013 /PRNewswire/ -- YRC Worldwide Inc. (YRCW) today reported financial results for the first quarter 2013.
Consolidated operating revenue for the first quarter ending March 31, 2013 was $1.162 billion, 2.7% lower than the $1.194 billion reported in the first quarter of 2012, but consolidated operating income increased from a loss of $48.8 million to income of $9.9 million, or a $58.7 million increase. Operating income in 2013 included a $4.5 million gain on asset disposals and in 2012 included an $8.3M loss. This is the first time in six years that the company reported consolidated positive first quarter operating income.
The company reported, on a non-GAAP basis, adjusted EBITDA for the first quarter of 2013 of $60.7 million, a $45.4 million improvement over the $15.3 million adjusted EBITDA reported for the first quarter of 2012 (as detailed in the reconciliation below). Due to seasonality, the first quarter is typically the low point of the year for adjusted EBITDA contribution....................
YRC Worldwide Reports First Quarter Positive Operating Income for the First Time in Six Years - Yahoo! Finance
Consolidated operating revenue for the first quarter ending March 31, 2013 was $1.162 billion, 2.7% lower than the $1.194 billion reported in the first quarter of 2012, but consolidated operating income increased from a loss of $48.8 million to income of $9.9 million, or a $58.7 million increase. Operating income in 2013 included a $4.5 million gain on asset disposals and in 2012 included an $8.3M loss. This is the first time in six years that the company reported consolidated positive first quarter operating income.
The company reported, on a non-GAAP basis, adjusted EBITDA for the first quarter of 2013 of $60.7 million, a $45.4 million improvement over the $15.3 million adjusted EBITDA reported for the first quarter of 2012 (as detailed in the reconciliation below). Due to seasonality, the first quarter is typically the low point of the year for adjusted EBITDA contribution....................
YRC Worldwide Reports First Quarter Positive Operating Income for the First Time in Six Years - Yahoo! Finance
Well i guess Rogers will get another$1,000,000 or so raise