YRC Worldwide Reports Second Quarter 2017 Results

Discussion in 'YRC Freight' started by Freightmaster1, Aug 3, 2017.

  1. Freightmaster1

    Freightmaster1 Well-Known Member

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  2. albag

    albag Pray for peace! AD-FREE USER

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  3. Freightmaster1

    Freightmaster1 Well-Known Member

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    [​IMG]
    Mike Wickham
    [​IMG]
    James Staley

    Thanks for the "Big R" memories albag!

    [​IMG]
    :bgroovy:
     
  4. Freightmaster1

    Freightmaster1 Well-Known Member

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    YRC Worldwide (YRCW) Misses Q2 EPS by 1c, Miss on Revenues

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    YRC Worldwide (NASDAQ: YRCW) reported Q2 EPS of $0.57, $0.01 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.27 billion.

    Financial Highlights

    • On a non-GAAP basis, the Company generated consolidated Adjusted EBITDA of $91.1 million in second quarter 2017 for an Adjusted EBITDA margin of 7.2% compared to $91.4 million and 7.6%, respectively, in the prior year comparable quarter (as detailed in the reconciliation below).
    • Last twelve month (LTM) consolidated Adjusted EBITDA is $277.5 million for an Adjusted EBITDA margin of 5.8% compared to $319.4 million and 6.8%, respectively, in 2016.
    • The total debt-to-Adjusted EBITDA ratio for second quarter 2017 was 3.61 times compared to 3.32 times for second quarter 2016.
    • Reinvestment in the business continued during second quarter 2017 with $22.7 million in capital expenditures and new operating leases for revenue equipment with a capital value equivalent of $6.9 million, for a total of $29.6 million.
    Operational Highlights

    • The consolidated operating ratio for second quarter 2017 was 96.0 compared to 95.3 for the same period in 2016. The operating ratio at YRC Freight was 96.5 compared to 96.2 in the second quarter 2016 which included an $11.2 million gain on property disposals. The Regional segment’s second quarter 2017 operating ratio was 94.6 compared to 93.2 in the prior year.
    • Second quarter 2017 tonnage per day increased 2.7% at YRC Freight and 3.6% at the Regional segment compared to second quarter 2016.
    • At YRC Freight, excluding fuel surcharge, second quarter 2017 revenue per hundredweight increased 1.1% and revenue per shipment was essentially flat with a decrease of 0.1% when compared to the same period in 2016. Including fuel surcharge, revenue per hundredweight increased 2.2% and revenue per shipment increased 1.0%.
    • At the Regional segment, excluding fuel surcharge, second quarter 2017 revenue per hundredweight increased 0.2% and revenue per shipment increased 1.9% when compared to the same period in 2016. Including fuel surcharge, revenue per hundredweight increased 1.3% and revenue per shipment increased by 3.0%.
    • Liability claims expense decreased by $6.3 million primarily due to certain prior year claims that unfavorably impacted second quarter 2016.
    For earnings history and earnings-related data on YRC Worldwide (YRCW) click here.
     
  5. bigtruk_us

    bigtruk_us Well-Known Member

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  6. bigtruk_us

    bigtruk_us Well-Known Member

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    I don't know those two leaders from Roadway but I'm sure they were good freight guys and that all of the union members of said company were at 100percent pay and the morale was much much better than in the present.God Bless those freight guys
     
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  7. Keepingon

    Keepingon Well-Known Member

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    Didn't they just tell the banks who extended loans to expect higher earnings ?
     
  8. bigtruk_us

    bigtruk_us Well-Known Member

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    Company lies most of the time.If Stephanie keeps it up Welch will probably replace her.
     
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  9. dreambecamenightmare

    dreambecamenightmare Active Member

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    Welch will replace Stephanie if she STOPS LYING!
     
  10. wongway

    wongway -15% Pay , Never forget

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  11. bigtruk_us

    bigtruk_us Well-Known Member

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    I guess investors know that some of the leaders of this company don't seem to know what they are doing.Im hoping for the best but I feel the fat lady is humming.my opinion
     
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  12. bigtruk_us

    bigtruk_us Well-Known Member

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    Maybe some investors are reading our comments on TB.
     
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  13. wongway

    wongway -15% Pay , Never forget

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  14. bigtruk_us

    bigtruk_us Well-Known Member

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    I don't know wong.Some information has been withheld from us by the company filing some proprietary financial secrecy form..????Remember when they filed that form?We knew about Stephanie's raise and then the payments to Jaimie Pearson for his departure
     
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  15. bigtruk_us

    bigtruk_us Well-Known Member

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    Yes they did
     
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  16. wongway

    wongway -15% Pay , Never forget

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    [​IMG][​IMG]
     
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  17. falconfan

    falconfan Well-Known Member

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    They didn't extend the loans yet,they filed an amendment to extend the current loan with the S.E.C. The lenders haven't approved anything.
     
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  18. Keepingon

    Keepingon Well-Known Member

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    I thought the amendment completed it. We need more people like you paying attention to the details. :eagerness:
     
  19. Shutter Down

    Shutter Down Active Member

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    These two had common sense great leaders.
    Welch a Degree in Psychology and it's working great on you people playing you like a fiddle.

    #heresyoursign
    #dontgetmadgeteven
     
  20. BIG R GUY

    BIG R GUY Boardwalk Certified Uber Driver

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    If you read the article on Stephanie, she received a 43,000 $ payment for acting CFO, and her salary increased to 400,000. She didn't get a 400,000 dollar raise. But I do like her haircut better than Jamie's....
     

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