** charts before earnings **
** charts after earnings **
- 4 days later
- Reports Q2 (Jun) earnings of $0.92 per share, excluding non-recurring items, $0.05 worse than the Capital IQ Consensus of $0.97; revenues rose 5.2% year/year to $1.62 bln vs the $1.62 bln Capital IQ Consensus.
- Load growth of 9% in Intermodal and 62% in Integrated Capacity Solutions, a 5% increase in revenue producing trucks in Dedicated Contract Services and an 11% increase in average fleet count in our Truck business segment, contributed to the increase in consolidated revenue compared to prior year.
- Operating income for the current quarter totaled $176 million versus $174 million for the second quarter 2015. The benefits of volume growth, increases in revenue producing truck counts and higher equipment utilization, were substantially offset by increases in rail purchased transportation costs, higher driver wages and recruiting costs and increased equipment ownership costs.
- Co issues downside guidance for FY16, lowers FY16 revs to +7% to $6.62 bln (from +9-12%), excluding non-recurring items, vs. $6.56 bln Capital IQ Consensus; lowers operating income to +5% from +8-11%.
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