Air Freight and Logistics
Company Overview of Echo Global Logistics, Inc.
Echo Global Logistics, Inc. provides technology-enabled transportation and supply chain management solutions in the United States. It uses a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs. The company offers services in various transportation modes, such as truckload, less-than truckload, small parcel, inter-modal, domestic air, and expedited and international. Its principal transportation management and logistics services include rate negotiation; procurement of transportation; shipment execution and tracking; carrier management, selection, reporting, and compliance; executive da...
600 West Chicago Avenue
Chicago, IL 60654
Founded in 2005
Key Executives for Echo Global Logistics, Inc.
Chairman & Chief Executive Officer
Total Annual Compensation: $760.0K
President & COO
Total Annual Compensation: $546.0K
CFO & Secretary
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2016.
Echo Global Logistics, Inc. Key Developments
Echo Global Logistics, Inc. Presents at Stifel 2018 Transportation & Logistics Conference, Feb-13-2018 02:35 PM
Feb 11 18
Echo Global Logistics, Inc. Presents at Stifel 2018 Transportation & Logistics Conference, Feb-13-2018 02:35 PM. Venue: Fontainebleau Miami Beach Hotel, Fontainebleau Miami Beach, Miami Beach, Florida, United States.
Echo Global Logistics, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Revenue Guidance for the First Quarter and Full Year of 2018
Feb 7 18
Echo Global Logistics, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported total revenue of $547.7 million against $406.9 million a year ago. Net revenue was $96.2 million against $71.7 million a year ago. Operating income was $10.1 million compared with loss was $1.3 million a year ago. Income before provision for income taxes was $6.4 million compared to loss of $4.9 million a year ago. Net income was $13.3 million or $0.48 per basic and diluted share against loss of $3.0 million or $0.10 basic and per diluted share a year ago. Non-GAAP EBITDA was $21.0 million against $9.1 million a year ago. Non-GAAP fully diluted EPS was $0.33 compared with $0.07 a year ago. Free cash flow of $1.5 million and operating cash flow of $7.5 million. Capital expenditures totaled $6 million in the quarter and the spend was a decrease of $3.6 million compared to the fourth quarter of last year due to the office expansion in Chicago that took place last year. The company ended the quarter with $23.5 million in cash.
For the year, the company reported total revenue of $1,943.1 million against $1,716.2 million a year ago. Net revenue was $339.0 million against $318.6 million a year ago. Operating income was $19.1 million compared with $15.6 million a year ago. Income before provision for income taxes was $4.3 million compared to $1.4 million a year ago. Net income was $12.6 million or $0.45 per basic and diluted share against $1.6 million or $0.05 basic and per diluted share a year ago. Non-GAAP EBITDA was $61.88 million against $60.8 million a year ago. Non-GAAP fully diluted EPS was $0.86 compared with $0.83 a year ago. Net cash provided by operating activities was $48,715,680 compared with $59,735,765 a year ago.
For the first quarter of 2018, the company expected revenue to be between $510 million and $550 million.
For the full year 2018, the company expected revenue to be in the range of $2.1 billion to $2.3 billion. And then post-tax reform, estimate for 2018 tax rate is approximately 25.5%. Expect the CapEx number to be somewhere in the range of $22 million to $26 million in 2018.
Echo Global Mulls Acquisitions
Feb 7 18
Echo Global Logistics, Inc. (NasdaqGS:ECHO) intends to pursue acquisitions. “Yes, what I would say about M&A is that we are currently working an active pipeline of tuck-in acquisitions,” Douglas R. Waggoner, Chairman and Chief Executive Officer, said.
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