San jose airport limo service 3 months Nine Months
Yellowish Corp Notifies 3rd Quarter ResultsOVERLAND PARK, Kan., October. 23 /PRNewswire/ -- Yellowish Corp (Nasdaq: Scream) this era exclaimed which incomes within the 3rd quarter more than doubled beyond the 1996 3rd quarter results.
"Our 3rd quarter results are pleasing and broadly reflect the difficult work of the Yellowish group in enforcing our change for the better programs," mentioned A. Maurice Myers, Chairman, President and Chief executive officer of Yellowish Corp. "Our cost elimination programs at present over all $A hundred and eighty mil each year and are continuing to be rolled out. As well as that, we have benefited from inside the strong economic system. As a consequence, we will be able to stick to develop incomes whilst struggling with labour contract and inflationary cost quickens."
3rd quarter results reflect an augment in smaller-sized deliveries in the least Yellowish Corp operating subsidiaries because of a two-week hit in Aug against UPS. The heavy influx of smaller deliveries distorted year-to- yr 3rd quarter comparisons of numerous monetary and operating results.
"Whilst income surged in a somewhat squashed period of time, so did expenditures," Myers mentioned. "Our precedence was to offer service to current consumers through this hard circumstance. We did snap up auxiliary enterprise, but our potency was limited and handling costs grown. We forcast which the hit turned up auxiliary net gain of around $1 mil or $.03 for each share."
In the course of the 3rd quarter,. ,. , .
, respectively, within the 3rd quarter,., mostly as a result of contractual salary and benefit quickens and costs connected with handling the UPS strike-related enterprise.
"Yellowish Freight persists to make continuous progress in expanding beneficial income whilst also lessening costs and getting better productiveness," Myers mentioned. "We are comforted at their progress and a lot more probabilities remain."
Preston Trucking Firm, Yellow's local tote serving the Northeast and Upper Midwest,, likened with $.2 mil within the 3rd quarter of 1996.
,. ,. It was the instant consecutive beneficial quarter for Preston.
"Whilst profitability still is far away from ample, Preston persists to show change for the better," Myers mentioned. "Within the 4th quarter, Preston is enforcing a chief affiliation and organization reengineering plan that's manufactured to lower annualized costs by approximately $7 mil and augment their concentration on the expanding overnight delivery large grocery stores."
Saia Motor Freight Row, Yellow's local tote serving the Southeast,,. ,..
WestEx, Yellow's local tote serving California and sections of the Southwest,,.
Yellowish Corp is known as a holding firm with operating subsidiaries focusing on countrywide, local, and multinational less-than-truckload method of travel. Headquartered in Overland Park, Kansas, Yellowish employs approximately 34,000 individuals.
The beyond divulge contains forward-looking statements. Factual upcoming results may vary materially from those projected in such statements due to a whole bunch of factors that may detrimentally affect the firm, adding up but not limited by inflation, volatility of expenditures, labour contract negotiations, rival costing activity and a downturn most often economic activity.
1997 1996 1997 1996
OPERATING Income $882,187 790,444 $2,511,768 $2,291,407
OPERATING Expenditures:
Sal salaries & gains 568,220 517,838 1,627,095 1,524,409
car service to sfo airport Oper expenditures & suppl 119,389 115,750 364,070 353,323
Oper taxes & licenses 27,863 27,898 85,479 85,598
Asserts & assurance 19,184 19,392 55,166 53,688
Communications & util 10,045 10,484 31,636 32,770
Devaluation 29,899 32,423 89,236 98,560
Purch method of travel 71,096 42,564 180,347 118,701
Over all oper expenditures 845,696 766,349 2,433,029 2,267,049
Revenue FROM OPERATIONS 36,491 24,095 78,738 24,358
NONOPERATING (Revenue) Expenditures:
Interest expense san francisco airport limo service 3,364 4,487 10,417 16,542
Other, web 308 168 (909) (228)
Nonoper exp, web 3,672 4,655 9,508 16,314
INC (Deficits) BEF INC TAXES 32,819 19,440 69,230 8,044
Revenue TAX PROVISION 12,761 10,501 28,696 11,337
Revenue (Deficits) $20,058 $8,939 $40,534 $(3,293)
AVER COM SHARES OUTSTND sfo airport car service 28,374 28,106 28,201 28,106
san francisco airport limo service
SOURCE Yellowish Corp
-0- car service to sfo airport 10/23/97
(Scream)
san francisco airport car service CO: Yellowish Corp ST: Kansas IN: TRN SU: ERN
