San jose airport limo service Yellowish Freight System, Inc. of Delaware and Subsidiaries
Yellowish FREIGHT Discharges 2nd QUARTER Fiscal RESULTSYellowish FREIGHT Discharges 2nd QUARTER Fiscal RESULTS
OVERLAND PARK, Kan., July 22 /PRNewswire/ -- George E. Powell III, president and ceo of Yellowish Freight System, Inc. of Delaware (NASDAQ: Scream), expressed to investors this era which operating hard cash within the 2nd quarter was $566,177,000,, compared against $600,200,000 within the 2nd quarter of 1991. Net gain for the quarter totalled $9,956,000, or $.35 for each share, vs . the $11,255,000, or $.40 for each share, gained in last year's 2nd quarter. , the equivalent of last 365 days.
Operating hard cash within the first half of 1992 was $1,132,213,000 and net gain was $23,019,000, or $.82 for each share, compared against operating hard cash of $1,160,957,000 and net gain of $16,836,000, or $.60 for each share, within the first half of 1991. Existing 365 days results are before the affect of a nonoperating charge of $11,500,000, or $.41 for each share, taped within the first quarter. This charge, that had zero influence on cashflow, 's the cumulative consequence of a transformation within the firm’s motor tote subsidiaries' strategy for hard cash recognition. The alter was required by a decision of the Emerging Issues Mission Coerce of the Fiscal Accounting Criteria Board and does apply about the entire method of travel industry.
. For the initial half,. Tonnage for each day was importantly undamaged, but still, amongst the initial and 2nd quarters of 1992.
According to Powell, "The wither in tonnage and hard cash in 1992 's the effect of the commitment of Yellowish Freight, the business's cardinal motor tote secondary, to cost restraint and hard cash yield retention, and also the kept on squishy economic system." All in all, motor tote LTL hard cash yields within the 2nd quarter were up 3 p'cent from last year's 4th quarter, mirroring accomplishment in keeping high of the advantages of the Jan 1, 1992 airport car service san francisco ratio enhance.
Through out Aug, Yellowish limo service sfo Freight 're going to undertake a transformation of operations to lessen operating costs by eliminating linehaul miles. .
Powell also told investors which, "Yellowish Freight staffs stick to offer excellent customer support and remain committed to virtue in all fields of the corporate. Gumption productivity developed within the 2nd quarter compared against last 365 days and the common load for each vacation has grown. The upwards trend in workers' recompense equalized off within the quarter and on going efforts at cost control stick to meet with accomplishment. As well as that, funds expenditure plans are reviewed regularly to ascertain they've been in keeping with the concentration on elevating comes back on investment. Yellowish Freight remnants centered at costing discipline, cost control and progressing profitability."
The Board of Controllers of the business enterprise expressed a quarterly dividend this era of 23 1/2 nickels for each share to be paid Aug 17 to investors of record as of Aug 3.
STATEMENTS OF CONSOLIDATED Hard cash
For the Quarter and 6 Months Finished June 30, 1992 and 1991
(Quantities in 1000s except for each share informations)
(Unaudited)
2nd Quarter sfo limo 6 months
1992 1991 1992 1991
OPERATING Hard cash $566,177 $600,200 $1,132,213 $1,160,957
OPERATING Expenditures:
Sal pays & emply ben 388,295 407,198 770,905 784,018
Oper expenditures & suppl san francisco airport limo service 71,621 79,382 140,565 160,409
Oper taxes & licenses 21,067 20,908 42,267 41,914
Asserts & assurance 12,429 13,467 25,585 26,117
Communications & util 7,700 7,816 15,975 16,081
Devaluation 29,514 32,203 60,264 63,620
Purch trnsprt & leases 15,058 17,624 30,887 35,441
Over all Oper expenditures 545,684 578,598 1,086,448 1,127,600
limo service san jose airport Hard cash FROM OPERATNS 20,493 21,602 45,765 33,357
limo service sfo NONOPERATING Expenditures:
Interest expense 3,075 3,563 6,192 7,013
Other, internet 1,349 578 3,091 801
Nonoper expense internet 4,424 4,141 9,283 7,814
Hard cash BEF Hard cash TAX 16,069 17,461 36,482 25,543
PROV FOR Hard cash TAX 6,113 6,206 13,463 8,707
Hard cash BEFORE CUMULATIVE Consequence
OF ACCTING Alter 9,956 11,255 23,019 16,836
CUMULATIVE Consequence OF Alter IN
REV RECOGNTN Plan of action - - (11,500) -
Net gain $ 9,956 $ 11,255 $ 11,519 $ 16,836
AVER COM SHRS OUTSTND 28,090 28,091 28,088 28,091
Profits For each SHARE:
Hard cash before cumulative consequence
of accting alter $ .35 $ .40 $ .82 $ .60
Net gain $ .35 $ .40 $ .41 $ .60
,956 $ 10,114 $ 23,019 $ 12,872
Profits For each Share $ .35 $ .36 $ .82 $ .46
-0- 7/22/92
. Spangler of Yellowish Freight System, Inc. of Delaware,. of Delaware ST: Kansas IN: TRN SU: ERN
BB -- DV014 -- 1899 07/22/92 12:20 EDT
