This Day On The Street
Continue to site
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

TravelCenters Of America LLC's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Additional information concerning factors that could cause our forward-looking statements not to occur is contained in our filings with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance upon any forward-looking statements. The recording and retransmission of today's conference call is strictly prohibited without the written consent of TravelCenters.

Now, I will turn the call over to Tom O'Brien.

Thomas M. O'Brien

Good morning, and thank you for joining our call today. Our results for the 2012 first quarter continued our trend of year-over-year improvements. As expected, we generated a seasonal net loss for the first quarter of 2012 that was $14 million or about $0.49 per share.

An important thing to note is that this loss represents a $2.4 million or $0.43 per share improvement from the net loss we realized for the first quarter of 2011. Importantly, our 2012 first quarter EBITDAR was $49.7 million, an increase of $5 million or 12% over the 2011 quarter. EBITDAR exceeded our rent expense in the 2012 first quarter versus a shortfall in that measure of nearly $3 million in the 2011 period.

During the last 12 months ended March 31, 2012, our net income was $26 million, a $68 million increase over the 12 months ended March 31, 2011. We believe the improved results we achieved for the first quarter of 2012 result from the travel centers we added to our business during 2011, the capital investments we've made in our properties and our industry-leading customer service.

Our nonfuel sales, in particular, were strong versus the prior year and I believe that this is because our full service model and focus on customer service strikes a chord with our customers.

Our trucking company customers businesses appear to be growing, albeit, slowly in some cases and I believe they're focused more than ever on driver satisfaction and on maximizing miles per truck. I believe our full-service travel center provides customers with the best opportunity among all travel centers to positively impact these and other aspects of their business.

2 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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.27 0.00%
FB $101.00 0.00%
GOOG $684.12 0.00%
TSLA $143.67 0.00%
YHOO $27.10 0.00%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs