USA Truck Announces 2014 Income of $6 Million
by February 11, 2015 8:40 am 79 views
USA Truck Inc. announced financial results Wednesday for the quarter and year that ended Dec. 31.
Total base evenue increased 11.4 percent to $494.3 million in 2014, up from $443.9 million from 2013. Net income was $6 million, or $0.58 per diluted share, for the year compared to a net loss of $9.11 million, or ($0.88) per diluted share, in 2013.
President and CEO John Simone called it a transformative year for the company.
“As a result of our company-wide focus on operational execution, profitable growth and cost effectiveness, we delivered our ninth consecutive quarter of improved results, our third consecutive quarter of positive operating income, and the company’s highest quarterly earnings per share in more than nine years,” Simone said. “For the full year, we achieved the goals we had set, delivering profitable consolidated operating income and positive earnings per share. In fact, on an adjusted basis, 2014 diluted earnings per share totaled $0.74 compared to a loss of $0.44 per share in 2013. This is our first full year of positive EPS since 2008.”
The company reported profits of $4.2 million in the quarter. USA Truck had a loss of $4.6 million in the same quarter in 2013.
To read the full company release, click here.