Brief: Us Xpress Enterprises Q4 Adjusted Non-GAAP Earnings Per Share $0.39

US Xpress Enterprises

07/02/2019 21:21

US Xpress Enterprises Inc  USX.N :
    * U.S. XPRESS ENTERPRISES, INC. REPORTS FOURTH QUARTER 2018
RESULTS
    * Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.39
    * Q4 REVENUE $469.2 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$481.7 MILLION
    * Q4 EARNINGS PER SHARE ESTIMATE $0.38 -- REFINITIV IBES
DATA
    * Q4 EARNINGS PER SHARE $0.14
    * MARKET CONDITIONS HAVE REMAINED CONSTRUCTIVE THROUGH Q4 OF
2018
AND INTO Q1 OF 2019
    * EXPECT FULL YEAR CONTRACT RATES TO INCREASE BETWEEN 5-8%
    * TRUCKLOAD SEGMENT ACHIEVED AN ADJUSTED OPERATING RATIO OF
91.9%
FOR Q4 OF 2018, A 340 BPS IMPROVEMENT
    * FOR 2019, CONTINUE TO EXPECT TO ACHIEVE FOUR QUARTERS OF
YEAR
OVER YEAR ADJUSTED OPERATING RATIO IMPROVEMENT
    * TARGETED FULL YEAR ADJUSTED OPERATING RATIO OF 93.0%
    * US XPRESS - FROM A REVENUE PERSPECTIVE, SEES MODERATE
ECONOMIC
GROWTH & MORE BALANCED RELATIONSHIP OF FREIGHT DEMAND &
AVAILABLE TRUCKLOAD CAPACITY
    * FOR FULL YEAR, EXPECT MID-SINGLE DIGIT RATE INCREASES IN
OUR
TRUCKLOAD SEGMENT

Source text for Eikon:  ID:nBw31d1Ja 
Further company coverage:  USX.N