Conway Earnings Call, Second Quarter 2008
29th July 2008 00:00 AM |
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| Revenue was $1.34 billion, an increase of 24.8% from last year's revenue of $1.07 billion, complemented by acquisitions and organic growth |
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| The freight services’ provider reported income of $48.7 million, or $1.02 per share, 5% up from $46 million, or 96 cents a share in 2007 on revenue driven by organic growth. In the truckload sector, the weak economy drove a reduction in capacity as carriers continued to exit the market throughout the first half of 2008. The firm’s expansion strategy in Asia is playing out from a growth perspective and management expects to see operating results improving through the remainder of the year. |
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CNW Earnings Call, First Quarter 2008
30th May 2008 00:00 AM |
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| Income fell 23% to $24 million due to weak demand, excess capacity and the extraordinary rise in energy costs. |
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| The freight transportation and logistics firm reported net income of $22.5 million or 47 cents a share, despite revenue increasing 20% to $1.2 billion on the back of acquisitions. The competitiveness of the pricing environment accelerated due to weak demand, aggressive pricing tactics by major competitors, and the escalation of fuel costs adding an inflationary element to the mix. Given the weak demand environment, the firm believes pricing will remain under pressure for some time. |
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Con-way Fourth Quarter Earnings Call
19th February 2008 00:00 AM |
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| Consolidated revenues of $1.2 billion were up 20% from last year's $1 billion, complimented by CFI's contribution. |
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| The freight transportation and logistics services company reported earnings of $34.5 million or 73 cents a share, down 58% from $82.4 million or $1.66 a share in 2006 as the challenging economic environment impacted on performance. Following acquisitions and transformation initiatives during the year, the firm strengthened its operations and significantly broadened market footprint. Each of the units is finding opportunities to create competitive advantage from working collaborative. |
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