Roadrunner Transportation Reports Revenues up 27% for First Quarter
Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics service provider, has reported that revenues for the quarter ended March 31, 2014 increased 27.6% to $382.0 million from $299.4 million for the quarter ended March 31, 2013.
First quarter 2014 net income available to common stockholders was $10.4 million compared with $10.6 million in the prior year quarter.
First quarter 2014 diluted income per share available to common stockholders was $0.27 compared with $0.29 in the prior year quarter.
Roadrunner’s August 2013 stock offering increased the weighted averaged diluted shares outstanding for the quarter ended March 31, 2014 by approximately 1.5 million shares and impacted diluted income per share available to common stockholders by $0.01 from the prior year quarter.
Category: General Update
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