Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics service provider, today reported financial results for the three and twelve months ended December 31, 2012.
Roadrunner's summary financial results for the three and twelve months ended December 31 are highlighted below. Fourth quarter 2012 net income available to common stockholders increased 38.8% over the prior year quarter to $9.5 million. Fourth quarter 2012 diluted income per share available to common stockholders increased 31.8% over the prior year quarter to $0.29.
|Three Months Ended||Twelve Months Ended|
|(In thousands, except per share data)||December 31,||December 31,|
|Net revenues (total revenues less purchased transportation costs)||$||90,558||$||69,948||$||319,895||$||223,284|
|Depreciation and amortization||2,990||1,597||9,499||4,978|
|Other operating expenses||69,751||54,646||240,673||170,803|
|Acquisition transaction expenses||85||430||773||1,368|
|Net income available to common stockholders||9,527||6,865||37,530||25,871|
|Weighted average diluted shares outstanding||33,101||31,765||32,425||31,545|
|Diluted income per share available to common stockholders||$||0.29||$||0.22||$||1.16||$||0.82|
2012 Fourth Quarter and Year-end Results
In discussing the company's fourth quarter performance, Mark DiBlasi, President and CEO of Roadrunner, said,