Businessweek

Echo Global Logistics, Inc. Presents at Merrill Lynch 2013 Health Care Conference, May-15-2013 08:40 AM. Venue: Encore at Wynn, 3121 Las Vegas Blvd South, Las Vegas, Nevada, United States.

Echo Global Logistics, Inc. Presents at Bank of America Merrill Lynch 2013 Global Transportation Conference, May-15-2013 09:20 AM. Venue: The Four Seasons Boston, 200 Boylston Street, Boston, MA 02110, United States. Speakers: Douglas R. Waggoner, Chief Executive Officer and Director.

Echo Global Logistics, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $203,977,378 against $168,569,105 for the same period last year. Net revenue increased 17.7% to $38.5 million from the first quarter of 2012, and this increase was driven by the overall growth of business. Income from operations was $4,848,824 against $5,356,557 for the same period last year. Income before income taxes was $4,754,608 against $5,246,921 for the same period last year. Net income was $2,976,632 or $0.13 per diluted share against $3,311,790 or $0.15 per diluted share for the same period last year. Non-GAAP operating income was $5.6 million against $5.0 million for the same period last year. Non-GAAP income before taxes was $5.5 million against $4.9 million for the same period last year. Non-GAAP net income was $3.5 million or $0.15 per diluted share against $3.1 million or $0.14 per diluted share for the same period last year. This increase was primarily attributable to improved performance in 2 of acquired branches. Net cash provided by operating activities was $6,243,380 as compared to $4,425,117 for the same period last year. Capital expenditures totaled $2.2 million in the quarter, the same outlay as in the first quarter of 2012. The company is reducing 2013 annual revenue guidance to a range of $900 million to $940 million and full year fully diluted non-GAAP EPS to a range of $0.78 to $0.84.

Echo Global Logistics, Inc. announced the appointment of Nelda Connors to its Board of Directors, effective April 12, 2013. Ms. Connors is the founder, Chairwoman and Chief Executive Officer of Pine Grove Holdings, LLC. She served as President and Chief Executive Officer of Atkore International Inc. from December 2010 until June 2011.

Echo Global Logistics, Inc., Q1 2013 Earnings Call, Apr 25, 2013