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

Swisher Announces Results For The Three Months And Full Year Ended December 31, 2013

Fourth Quarter 2013 Results

For the three months ended December 31, 2013, Swisher reported total revenue from continuing operations of $50.4 million, a 5% decrease from $53.2 million in the three months ended December 31, 2012.  The year-over-year revenue decline included the sale of a non-core route business early in the fourth quarter of 2013 and both the loss of three significant customers and the sale of a non-core business during the prior-year period.

Total costs and expenses for the three months ended December 31, 2013 increased 134% to $158.9 million, compared to $67.9 million in the three months ended December 31, 2012. Excluding $96.3 million of impairment expense in the three months ended December 31, 2013 and $2.5 million of investigation and review-related expenses in the three months ended December 31, 2012, total costs and expenses decreased 4% compared to the three months ended December 31, 2012.

For the three months ended December 31, 2013, September 30, 2013 and December 31, 2012, respectively:

  Q4 2013 Q3 2013 Q4 2012
Cost of sales as a % of revenue 46.4% 45.1% 44.7%
Route expense as a % of revenue 19.0% 19.6% 20.3%
SG&A expense as a % of revenue 48.1% 45.2% 52.4%
SG&A expense (excluding unusual expenses) as a % of revenue 47.3% 45.2% 47.6%

Cost of sales declined $0.4 million, or 2%, from the prior-year period. Route expense declined $1.2 million, or 11%, from the prior-year period. SG&A expense (excluding unusual expenses) declined $1.5 million, or 6%, from the prior-year period. 

2 of 7

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
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!


DOW 18,083.91 +3.77 0.02%
S&P 500 2,113.51 -4.18 -0.20%
NASDAQ 5,068.4550 -23.63 -0.46%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs