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Last $15.83 USD
Change Today -0.01 / -0.06%
Volume 151.0K
QLTY On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

quality distribution inc (QLTY) Key Developments

Quality Distribution Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Quality Distribution Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total operating revenues of $230,447,000 compared with $234,487,000 for the same period a year ago. Operating income was $10,945,000 compared with $12,102,000 for the same period a year ago. Income before income taxes was $3,917,000 compared with $4,705,000 for the same period a year ago. Net income was $2,524,000 or $0.09 per basic and diluted share compared with $3,073,000 or $0.11 per basic and diluted share for the same period a year ago. Adjusted income before income taxes was $7,921,000 compared with $6,027,000 for the same period a year ago. Adjusted net income was $5,101,000 or $0.18 per diluted share compared with $3,936,000 or $0.14 per diluted share for the same period a year ago. Adjusted EBITDA was $21,004,000 compared with $19,385,000 for the same period a year ago. The company generated free cash flow of $24.7 million in the first quarter of 2015, due primarily to strong receivable collection efforts alongside increased proceeds from equipment sales. Capital expenditures were $9.8 million and proceeds from equipment sales were $15.1 million, resulting in proceeds exceeding capital expenditures for the first quarter of 2015 by $5.3 million, compared to net capital expenditures for the first quarter of 2014 of $7.6 million.

Quality Distribution Seeks Acquisitions

Quality Distribution Inc. (NasdaqGM:QLTY) seeks to grow through internal investment and initiatives as well as disciplined acquisitions.

Quality Distribution Inc. to Report Q1, 2015 Results on May 06, 2015

Quality Distribution Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 06, 2015

Quality Distribution Inc., Q1 2015 Earnings Call, May 07, 2015

Quality Distribution Inc., Q1 2015 Earnings Call, May 07, 2015

Quality Distribution Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Capex Outlook for the Full Year 2015

Quality Distribution Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported diluted earnings were $0.09 per share, compared to a net loss of $0.85 per share in fourth quarter of 2013. On an adjusted basis, net income was $0.18 per share, up 38% from $0.13 per share in the year ago quarter. Revenues were $243.2 million, up 8% from $225.4 million reported for the same period last year. Operating income was $10.766 million against operating loss of $28.142 million a year ago. Net income was $2.624 million against net loss of $22.798 million a year ago. Adjusted net income was $4.988 million against $3.616 million a year ago. EBITDA was $15.966 million against LBITDA of $21.85 million a year ago. Adjusted EBITDA was $20.812 million against $19.263 million a year ago. For the full year, the company reported revenue of $991.8 million was higher by 6.7% compared to $929.8 million. Net income increased to $20.6 million, or $0.74 per diluted share, compared to a net loss of $42.0 million, or $1.58 per diluted share. Adjusted net income increased 14.8% to $21.2 million, or $0.75 per diluted share, compared to $18.4 million, or $0.68 per diluted share. Free cash flow was $54.7 million. Operating income was $51.2 million compared to an operating loss of $42.8 million. After adjusting for the non-operating items, operating income was $61.5 million, up 6.5% compared to $57.8 million, driven primarily by increases in each operating segment. Adjusted EBITDA was flat at $86.9 million compared to $86.6 million. The Company generated operating cash flow of $33.5 million in 2014, which was primarily used to repay debt. Capital expenditures for 2014 were $40.1 million and proceeds from equipment sales were $34.1 million, resulting in net capital expenditures for 2014 of $6.0 million, compared to net capital expenditures for 2013 of $1.5 million. Net capital expenditures were higher in 2014 to support growth in the Chemical Logistics business. EBITDA was $76.732 million against LBITDA of $9.908 million a year ago. At year-end, net debt was approximately $350 million. For the full year 2015, the company expects net capital expenditures to range from $10 million to $15 million.

 

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Industry Analysis

QLTY

Industry Average

Valuation QLTY Industry Range
Price/Earnings 22.2x
Price/Sales 0.4x
Price/Book NM Not Meaningful
Price/Cash Flow 10.7x
TEV/Sales 0.1x
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