Swift Transportation Company - Analyst/Investor Day

Swift Transportation Company announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported operating revenue of $856,794,000 against $826,885,000 a year ago. Operating income was $61,987,000 against $57,902,000 a year ago. Income before income taxes was $37,954,000 against $2,640,000 a year ago. Net income was $23,341,000 or $0.17 per basic and diluted share against $6,188,000 or $0.04 per basic and diluted share a year ago. Adjusted EPS was $0.21 against $0.14 a year ago. Adjusted income before income taxes per share was $0.33 against $0.22 a year ago. Adjusted operating income was $65,899,000 against $62,978,000 a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $118,053,000 against $92,261,000 a year ago. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $123,642,000 against $115,533,000 a year ago. Net cash provided by operating activities was $96,889,000 against $70,172,000 a year ago. Net cash capital expenditures were $47.6 million against $10.4 million for the same period a year ago. Gross cash capital expenditures $57.6 million against $44.3 million for the same period a year ago. As on March 31, 2013 net debt is $1,474.4 million. For the full year, the company expects net cash capital expenditure to be approximately $250 million. Adjusted EPS growth of 10%—15%. Targeting high end of the range previously communicated of $50 to $100 million net debt reduction for the full year 2013.

Swift Transportation Company announced that they will report Q1, 2013 results After-Market on Apr 22, 2013