Roadrunner Transportation Top and Bottom Line Drop in Q1

Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics service provider, has reported financial results for the three months ended March 31, 2016 — and the numbers point south.

Revenues for the quarter ended March 31, 2016 decreased 4.8% to $465.6 million from $489.0 million for the same quarter in 2015. Operating income was $10.6 million, compared to $26.8 million for the prior year quarter.

Diluted earnings per share available to common stockholders was $0.08 for the first quarter of 2016, compared to $0.35 for the first quarter of 2015. Results for the first quarter of 2016 included $0.05 of downsizing costs.

Roadrunner’s EBITDA, a non-GAAP financial measure, was $20.1 million for the first quarter of 2016, compared to EBITDA of $33.7 million for the first quarter of 2015.

Cash provided by operating activities increased from $12.3 million for the first quarter of 2015 to $25.4 million for the first quarter of 2016.

Category: General Update