QDI reports 3rd quarter revenue
Nov 15, 2005 8:34 AM
Quality Distribution Inc, Tampa FL, has reported record revenues for the quarter ended September 30, 2005 of $170.6 million, a 7.7 percent increase over third quarter revenues of $158.4 million last year.
The company said this represents the eleventh consecutive quarterly year-over-year increase in revenues.
Revenue for the nine months ended September 30, 2005 increased 7.7 percent to $502.8 million from $467.0 million last year. Transportation revenue increased 2.1 percent from the prior-year quarter and by 3.8 percent from the prior nine-month period, driven primarily by rate increases.
Net income for the quarter was $50,000 as compared with net income of $2.8 million in the third quarter of last year. Earnings per fully diluted share were $0.00 in the third quarter of 2005, compared with net income per fully diluted share of $0.14 for the same period last year.
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