This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

TravelCenters Of America LLC's CEO Discusses Q4 2011 Results - Earnings Call Transcript

We continue to believe that the attention we've shown to customer service, improving our facilities and controlling our operating costs allowed us to turn profitable in a slowly improving economy in 2011 and has positioned TA for continued profitability in 2012. Our focus for 2012 includes: One, the continuation of prudent, selective acquisition of additional operating travel centers. Indeed, last week, we acquired a travel center on I-85 in Georgia for $5 million. Two, the continuation of internal growth capital investment. For example during 2011 at the travel centers we operated all year, we added 8 quick service restaurants, rebranded dozens of gasoline stations and installed both diesel exhaust fluid dispensers at 42 travel centers. And three, continued improvement in operating metrics and customer service delivery. I believe that the TA and Petro brands have clearly lead the industry in delivery of service, efficiency and convenience for drivers. And now, Andy Rebholz, our Chief Financial Officer, will review our fourth quarter and full year results in more detail. And after Andy's comments, I'll make some closing remarks and then we'll try to answer questions.

Andrew J. Rebholz

Thanks, Tom. Good morning, everybody. I'll discuss some of our key financial results for the 2011 fourth quarter and full year. In this discussion, I will refer to same-site results, which are the results that only those sites that we have continuously operated since January 1, 2010. First, I'll cover our fourth quarter results. In the fourth quarter of 2011, TA generated a net loss of $2.5 million or $0.09 per share, a $27.5-million improvement over the prior year quarter when we had posted a net loss of $30 million. Approximately $15 million of this improvement related to lower rent and interest expense that largely resulted from the amendment agreement we entered with HPT effective January 2011. As a reminder, I want to point out that TA's business is impacted by seasonal changes. The first and fourth quarters of each calendar year generally produce our weakest financial results. And the second and third calendar quarters generally produce our best financial results.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs