Friday, July 22, 2011

YRC Worldwide Inc. (NASDAQ: YRCW): Q2 2011 Earnings Roundup

YRC Worldwide Inc. (NASDAQ: YRCW) on Friday reported a wider second-quarter net loss of $39 million compared with $10 million in the prior-year period, which included an $83 million after-tax benefit for a fair value adjustment to an equity-based award. Loss per share for the recent quarter was 81 cents, wider than 24 cents in the year earlier quarter. Analysts, on average, expected the company to post a loss of 92 cents per share on revenue of $1.22 billion. 

"We are pleased with the continued year-over-year growth in business volumes and improvements in earnings as we achieved consolidated adjusted operating income for the second quarter," stated Bill Trubeck, Interim Executive Vice President and CFO of YRC Worldwide. "In particular, YRC National's adjusted operating income represents an important milestone for this business."

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