Last $22.01 USD
Change Today -0.05 / -0.23%
Volume 340.3K
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As of 8:10 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

echo global logistics inc (ECHO) Key Developments

Echo Global Logistics, Inc. Reports Unaudited Consolidated Earnings Results for the Quarter and Six Months Ended June 30, 2014; Increases Earnings Guidance for the Year 2014

Echo Global Logistics, Inc. reported unaudited consolidated earnings results for the quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $4.2 million or $0.18 per diluted share on revenue of $305.1 million compared to net income of $4.1 million or $0.18 per diluted share on revenue of $224.05 million reported in the same period last year. Income from operations was $6.9 million against $6.8 million and income before provision for income taxes was $6.9 million against $6.7 million reported last year. Non-GAAP EBITDA was $11.8 million against $9.0 million reported last year. Non-GAAP operating income was $8.4 million against $6.4 million reported last year. Non-GAAP Income before taxes was $8.3 million against $6.3 million reported last year. Non-GAAP net income was $5.1 million or $0.22 per diluted share against $3.9 million or $0.17 per diluted share reported last year. Net revenue was $53.3 million against $39.7 million reported last year. Growth in net revenue was driven by increased volume and offset by a modest decline in net revenue margin due primarily to changes in mode mix as truckload business continued to deliver the large portion of growth. Capital expenditures totaled $4.1 million in the quarter, an increase of 97% from the second quarter of 2013. This increase is related to continued investments in technology and the expansion of facilities to accommodate growth. For the six months, the company reported net income of $6.7 million or $0.28 per diluted share on revenue of $552.8 million compared to net income of $7.1 million or $0.30 per diluted share on revenue of $428.13 million reported in the same period last year. Income from operations was $10.9 million against $11.6 million and income before provision for income taxes was $10.8 million against $11.4 million reported last year. Net cash provided by operating activities was $18.4 million against $10.9 million reported last year. With most recent acquisition in mid-May, the company updated full year revenue guidance to $1.07 billion to $1.13 billion. Based on success, thus far, in 2014, the company is now increasing full year guidance to $1.14 billion to $1.18 billion, again not including potential impact of any new acquisitions throughout the remainder of the year and SG&A costs to be in the range of $102 to $105 million.

Echo Global Logistics, Inc. to Report Q2, 2014 Results on Jul 24, 2014

Echo Global Logistics, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 24, 2014

Echo Global Logistics, Inc., Q2 2014 Earnings Call, Jul 24, 2014

Echo Global Logistics, Inc., Q2 2014 Earnings Call, Jul 24, 2014

Echo Global Logistics, Inc. Revises Revenue Guidance for 2014

Echo Global Logistics, Inc. revised revenue guidance for 2014. Echo Global Logistics, Inc. has acquired all of the assets of One Stop Logistics, Inc. Effective with this transaction, the company is raising 2014 gross revenue guidance to a range of $1.07 to $1.13 billion.

Echo Global Logistics, Inc. Appoints Nitin Kapoor as Chief Technology Officer

Echo Global Logistics, Inc. announced that Nitin Kapoor has been named Chief Technology Officer. Mr. Kapoor previously was the Senior Vice President, Products and Services at the company. He joined Echo Global Logistics in March of 2013, coming to the company from Open Mile. Mr. Kapoor has over 18 years of experience in managing technology innovation at supply chain and e-commerce companies.

 

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ECHO

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Valuation ECHO Industry Range
Price/Earnings 37.6x
Price/Sales 0.5x
Price/Book 3.1x
Price/Cash Flow 20.3x
TEV/Sales 0.5x
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