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Roadrunner Transportation Systems Reports 2012 Second Quarter Results And Announces Third Quarter 2012 Guidance

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,
2012 2011 2012 2011
 
Total revenues $ 262,546 $ 208,271 $ 499,119 $ 379,429
 
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
Operating income $ 18,573 $ 12,487 $ 33,213 $ 20,066
 
Net income available to common
stockholders $ 10,200 $ 7,431 $ 18,131 $ 11,831
Weighted average diluted shares
outstanding 32,186 31,522 32,182 31,457
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,

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