Last $14.01 USD
Change Today -0.24 / -1.68%
Volume 195.5K
QLTY On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

quality distribution inc (QLTY) Key Developments

Quality Distribution Inc. Presents at RBC Capital Markets 2014 Global Industrials Conference, Sep-10-2014 12:05 PM

Quality Distribution Inc. Presents at RBC Capital Markets 2014 Global Industrials Conference, Sep-10-2014 12:05 PM. Venue: The Mandarin Oriental Hotel, 3752 Las Vegas Blvd, Las Vegas, Nevada, United States. Speakers: Gary R. Enzor, Chairman, Chief Executive Officer and Chief Executive Officer of Quality Distribution LLC, Kristen Scott, Vice President of Financial Planning and Analysis.

Quality Distribution, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Quality Distribution Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total operating revenues of $255,599,000 against $239,296,000 a year ago. Operating income was $14,872,000 against operating loss of $41,683,000 a year ago. Income before income taxes was $12,082,000 against loss before income taxes of $49,062,000 a year ago. Net income was $11,369,000 or $0.14 per basic and diluted share against net loss of $31,147,000 or $1.18 per basic and diluted share a year ago. Adjusted income before income taxes was $9,657,000 against $8,319,000 a year ago. Adjusted net income was $6,055,000 or $0.22 per basic and diluted share against $5,283,000 or $0.20 per basic and diluted share a year ago. EBITDA was $24,646,000 against LBITDA of $34,683,000 a year ago. Adjusted EBITDA was $23,222,000 against $23,471,000 a year ago. This revenue improvement was primarily due to strong growth in Chemical Logistics, which was driven by increased volumes and positive contribution from new terminals established during the first and second quarters of 2014. The Company generated operating cash flow for the second quarter of 2014 of $1.1 million, versus $9.8 million in the prior-year period. The change was driven primarily by an increase in accounts receivable resulting from growth in the Chemical Logistics segment. Capital expenditures for the quarter ended June 30, 3014 were $8.7 million, which were offset by $9.2 million of equipment sale proceeds. For the six months, the company reported total operating revenues of $490,086,000 against $468,718,000 a year ago. Operating income was $26,974,000 against operating loss of $26,239,000 a year ago. Income before income taxes was $16,787,000 against loss before income taxes of $34,158,000 a year ago. Net income was $14,442,000 or $0.52 per diluted share against net loss of $22,003,000 or $0.83 per diluted share a year ago. Adjusted income before income taxes was $15,684,000 against $14,689,000 a year ago. Adjusted net income was $9,834,000 or $0.35 per diluted share against $9,460,000 or $0.35 per diluted share a year ago. EBITDA was $42,086,000 against LBITDA of $5,574,000 a year ago. Adjusted EBITDA was $42,607,000 against $44,904,000 a year ago. For the third quarter of 2014, the company expects adjusted earnings per diluted share to be in the range of $0.19 to $0.23. For the full year 2014, the Company expects adjusted earnings per diluted share to be in the range of $0.72 to $0.78. These estimates assume a 39% tax rate, and exclude any impacts from non-operating items, reorganization expenses in the Energy Logistics business, and costs related to any potential debt refinancing activity. The Company expects its net capital expenditures for 2014 to range from $10.0 to $15.0 million, and its free cash flow to be in the range of $46.0 to $50.0 million. Assuming an effective tax rate of 39% and excluding any impacts from reorganization expenses at energy and other nonoperating items.

Quality Distribution Inc. to Report Q2, 2014 Results on Aug 05, 2014

Quality Distribution Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 05, 2014

Quality Distribution Inc., Q2 2014 Earnings Call, Aug 06, 2014

Quality Distribution Inc., Q2 2014 Earnings Call, Aug 06, 2014

Quality Distribution Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2014 01:05 PM

Quality Distribution Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2014 01:05 PM. Venue: InterContinental Hotel, Boston, Massachusetts, United States. Speakers: Joseph J. Troy, Chief Financial Officer, Principal Accounting Officer and Executive Vice President, Kristen Scott, Vice President of Financial Planning and Analysis.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
QLTY:US $14.01 USD -0.24

QLTY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Landstar System Inc $72.12 USD +0.01
Werner Enterprises Inc $25.30 USD -0.25
View Industry Companies
 

Industry Analysis

QLTY

Industry Average

Valuation QLTY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book NM Not Meaningful
Price/Cash Flow 21.8x
TEV/Sales 0.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact QUALITY DISTRIBUTION INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.