馃敼 Revenue: $3.15B (Est. $3.15B) 馃煛; DOWN -5% YoY
馃敼 Adjusted EPS: $1.53 (Est. $1.63) 馃敶; UP +4% YoY
馃敼 Net Income: $155.5M; UP +1% YoY
馃敼 Operating Income: $207.0M; UP +2% YoY
馃敼 Operating Margin: 6.6% (Prev. 6.2%) 馃煝
Segment Performance:
Intermodal:
馃敼 Revenue: $1.60B (Est. $1.57B) 馃煝; DOWN -2% YoY
馃敼 Volume: UP +5% YoY; Sequential improvement of +2%
馃敼 Revenue per Load (ex. fuel surcharge): DOWN -3% YoY
馃敼 Operating Income: $117.0M; DOWN -10% YoY
Dedicated Contract Services:
馃敼 Revenue: $838.5M (Est. $849.6M) 馃敶; DOWN -5% YoY
馃敼 Operating Income: $90.3M; UP +5% YoY
馃敼 Average Trucks: DOWN -4% YoY
Integrated Capacity Solutions:
馃敼 Revenue: $308M; DOWN -15% YoY
Final Mile Services:
馃敼 Revenue: $228M; DOWN -6% YoY
Truckload:
馃敼 Revenue: $182M; DOWN -7% YoY
Key Metrics:
馃敼 Intermodal Volume Growth: +5% YoY; Strong eastbound demand from Southern California
馃敼 Customer Retention Rate (Dedicated): ~90%
馃敼 Net Interest Expense: $15.1M (Prev. $16.3M)
馃敼 Effective Tax Rate: 19.0% (Prev. 17.9%)
Shareholder Returns:
馃敼 Shares Repurchased: 489,000 shares for $86M
馃敼 Remaining Share Repurchase Authorization: $882M
Capital & Financials:
馃敼 Total Debt: $1.48B (Prev. $1.58B)
馃敼 Net Capital Expenditures (FY2024): $674M
Business Commentary:
馃敻 Strong intermodal demand during peak season despite revenue per load pressure from freight mix and customer rates.
馃敻 Elevated costs for network imbalances and driver onboarding impacted margins.
馃敻 Focused on cost management, network utilization, and addressing yield pressures.
FY2025 Outlook:
馃敻 Tax Rate: Expected between 24-25%
馃敻 Continued focus on network balancing, demand monitoring, and cost optimization.