USA Truck 2016 Revenues and Net Down

USA Truck, Inc. , a leading capacity solutions provider headquartered in Van Buren, AR, has announced its financial results for the three months and year ended December 31, 2016.

For the fourth quarter of 2016, operating revenue was $103.1 million, compared with $118.0 million for the prior-year period. Base revenue, which excludes fuel surcharges, was $92.0 million, compared to $106.5 million for the same period in the prior year.

For the fourth quarter of 2016, the Company reported a net loss of ($3.8) million, or ($0.48) per diluted share, compared to net income of $3.9 million, or $0.39 per diluted share, for the 2015 quarter, on a 2.1 million (20.7%) decrease in average diluted shares outstanding. The Company’s fourth quarter operating ratio was 104.5%, which includes the impairment charge, compared with 93.8% in the 2015 quarter.

The fourth quarter of 2016 included a $2.8 million pre-tax, or $0.23 per share after-tax, impairment charge on assets held for sale, while the 2015 quarter included a $0.2 million benefit from lower costs associated with facility closures.

President and CEO James Reed commented, “USA Truck’s strategy is sound, while we have real work to do to execute and return to the levels of performance we expect.”

Tags: Inc, James Reed, USA Truck

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