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Last $5.85 USD
Change Today -0.68 / -10.41%
Volume 9.6M
UTIW On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

uti worldwide inc (UTIW) Snapshot

Open
$5.50
Previous Close
$6.53
Day High
$6.04
Day Low
$5.11
52 Week High
12/3/14 - $14.75
52 Week Low
09/4/15 - $5.11
Market Cap
620.1M
Average Volume 10 Days
2.1M
EPS TTM
$-1.59
Shares Outstanding
106.0M
EX-Date
06/26/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for UTI WORLDWIDE INC (UTIW)

uti worldwide inc (UTIW) Related Businessweek News

No Related Businessweek News Found

uti worldwide inc (UTIW) Details

UTi Worldwide Inc. operates as a non-asset-based supply chain services and solutions company. It operates through two segments, Freight Forwarding, and Contract Logistics and Distribution. The Freight Forwarding segment offers airfreight forwarding, ocean freight forwarding, customs brokerage, and other related services. The Contract Logistics and Distribution segment provides services, such as receiving, deconsolidation and decontainerization, sorting, put away, consolidation, assembly, cargo loading and unloading, assembly of freight and protective packaging, warehousing services, order management, and customized distribution and inventory management services. It also offers outsourced services, including inspection services, quality centers, and manufacturing support services; and inventory management services comprising materials sourcing services pursuant to contractual, formalized repackaging programs, and materials sourcing agreements. In addition, this segment provides a range of distribution services, consultation services, outsourced management services, planning and optimization services, and other supply chain management services. The company offers its services through freight forwarding offices, and contract logistics and distribution centers to pharmaceutical, retail, apparel, chemical, automotive, and high technology electronics industries. UTi Worldwide Inc. was founded in 1986 and is headquartered in Long Beach, California.

21,306 Employees
Last Reported Date: 04/1/15
Founded in 1986

uti worldwide inc (UTIW) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $493.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $618.7K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $599.2K
Compensation as of Fiscal Year 2015.

uti worldwide inc (UTIW) Key Developments

UTi Worldwide Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2015; Reports Goodwill Impairment for the Second Quarter Ended July 31, 2015; Provides Earnings Guidance for the Full Fiscal Year 2016

UTi Worldwide Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2015. For the second quarter, the company’s total revenues decreased 16.5% to $913.928 million, compared to $1,094.145 million for the prior year period, while net revenues decreased 14.0% to $338.549 million, compared to $393.720 million for the prior year period. The decrease in net revenues was primarily related to lower air and ocean volumes in freight forwarding as well as the strengthening of the USD against the EUR and ZAR compared to the prior year comparable period. On a constant currency basis, revenues and net revenues were down 8.8% and 5.4%, respectively. The operating loss, inclusive of the goodwill impairment, was $61.241 million compared to operating income of $0.959 million for the prior year comparable period, primarily due to the goodwill impairment and lower freight forwarding net revenues. Pretax loss was $72.573 million against $9.984 million a year ago. Net loss attributable to the company was $70.729 million against $21.928 million a year ago. Basic and diluted loss per common share attributable to the company’s common shareholders was $0.70 against $0.24 a year ago. Adjusted earnings before interest, taxes, depreciation and amortization, excluding goodwill impairment and severance and other items was $11.244 million compared to $23.845 million for the prior year period. Total LBITDA before adjusting items was $40.888 million against EBITDA of $21.324 million a year ago. Net cash from operating activities was $68,289,000 against net cash used in operations of $125,087,000 a year ago. Purchases of property, plant and equipment, excluding software was $5,659,000 against $6,354,000 a year ago. Purchases of software and other intangible assets was $4,042,000 against $1,728,000 a year ago. For the six months, the company reported total revenues of 1,887.245 million against $2,138.033 million a year ago. Operating loss was $80.073 million against $2.311 million a year ago. Pretax loss was $102.213 million against $43.791 million a year ago. Net loss was $106.010 million against $62.525 million a year ago. Net loss attributable to the company was $104.020 million against $65.651 million a year ago. Basic and diluted loss per common share attributable to the company’s common shareholders was $1.05 against $0.67 a year ago. Net cash used in operating activities was $7.068 million against $125.087 million a year ago. Purchases of property, plant and equipment, excluding software was $8.575 million against $12.241 million a year ago. Purchases of software and other intangible assets was $6.355 million against $5.928 million a year ago. Net revenues were $668.001 million, compared to $763.074 million for the prior year period. Adjusted EBITDA was $19.208 million against $42.027 million a year ago. Total LBITDA before adjusting items was $39.301 million against EBITDA of $16.919 million a year ago. As the company does every year in the second quarter, the company performed an analysis on the value of its goodwill as of July 31, 2015. As a result, the company determined that an impairment of goodwill had occurred in its freight forwarding segment. Accordingly, the company recorded a charge for this impairment of $50.0 million. The company is updating its guidance for full fiscal year 2016 as follows: the company continues to expect it is committed to its original full year adjusted EBITDA guidance of $125 million to $150 million, but now believes that this will be achieved in the 12 months beginning August 1, 2015 rather than for the full fiscal year 2016 due to macro-economic headwinds and the timing of when the company expects to see benefits from new business wins. The company expects full year fiscal 2016 adjusted EBITDA in the range of $75 million to $100 million. The company expects capital expenditure to be in the range of $30 million to $40 million.

UTi Worldwide Inc., Q2 2016 Earnings Call, Sep 03, 2015

UTi Worldwide Inc., Q2 2016 Earnings Call, Sep 03, 2015

UTi Launches Two-Way China-Europe Rail Service to Provide Clients More Cost-Effective Options

UTi Worldwide Inc. has launched regular, guaranteed weekly rail freight service between China and Europe to provide clients more cost-effective transport options in these markets and beyond. The UTi "Iron Silk Road" rail service's first link is between Harbin and Hamburg, featuring lower rates than air freight and shorter transit times than ocean freight (15 days, eastbound or westbound). Other major destinations in northern China and northern Europe, including ports, are accessible within a few days without additional on-carriage charges. The service also offers environmental and security benefits compared to air and ocean transport. UTi is offering promotional pricing through 30 September 2015 to encourage current and prospective clients to try the Iron Silk Road rail service.

 

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