Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics service provider, today reported financial results for the three and six months ended June 30, 2012.
Roadrunner’s summary financial results for the three and six months ended June 30 are highlighted below. Second quarter diluted income per share available to common stockholders increased 33.3% over the prior year to $0.32.
|Three Months Ended||Six Months Ended|
|(In thousands, except per share data)||June 30,||June 30,|
|Net revenues (total revenues less|
|purchased transportation costs)||$||76,671||$||51,873||$||146,214||$||92,664|
|Depreciation and amortization||2,125||1,053||4,085||1,882|
|Other operating expenses||55,903||38,227||108,708||70,396|
|Acquisition transaction expenses||70||106||208||320|
|Net income available to common|
|Weighted average diluted shares|
|Diluted income per share available|
|to common stockholders||$||0.32||$||0.24||$||0.56||$||0.38|
2012 Second Quarter Results
In discussing the company’s second quarter performance, Mark DiBlasi, President and CEO of Roadrunner, said,