Stock Monitor: Roadrunner Transportation Systems Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 12, 2018 / Active-Investors.com has just released a free earnings report on Air Transport Services Group, Inc. (NASDAQ: ATSG). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ATSG. The Company released its financial results on February 27, 2018, for the fourth quarter of the fiscal year 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The Company's revenues and adjusted earnings from continuing operations surged 46% and 73% y-o-y, respectively; topping market consensus estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Roadrunner Transportation Systems, Inc. (NYSE: RRTS), which also belongs to the Services sector as the Company Air Transport Services Group. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Air Transport Services Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ATSG

Earnings Highlights and Summary

During the three months ended December 31, 2017, Air Transport Services reported revenues of $322.97 million, which came in above the $221.68 million recorded at the end of Q4 FY16. Moreover, the Company's revenue numbers outperformed market expectations of $270.2 million.

The air cargo Company reported earnings from continuing operations of $76.54 million, or $1.11 per diluted share, in Q4 FY17 compared to losses from continuing operations of $0.76 million, or $0.01 loss per diluted share, in the prior year's same period. The Company's adjusted earnings from continuing operations were $20.68 million, or $0.30 per diluted share, in Q4 FY17 compared to $11.98 million, or $0.19 per diluted share, in Q4 FY16. Meanwhile, Wall Street had expected the Company to report an adjusted net income of $0.27 per diluted share.

The Wilmington, Ohio-based Company's revenues came in at $1.07 billion in the full year FY17 compared to $768.87 million in FY16. The Company posted adjusted earnings from continuing operations of $61.06 million, or $0.90 per diluted share, in FY17, rising from $37.53 million, or $0.58 per diluted share, in the last year.

Operating Metrics

For the reported quarter, Cargo Aircraft Management (CAM) revenues were $76.83 million, up from $66.20 million in Q4 FY16. The Company spent $289.30 million on operating expenses in Q4 FY17 compared to $203.54 million in Q4 FY16. The Company's operating income increased to $33.67 million during Q4 FY17 from $18.14 million in the fourth quarter of FY16. Furthermore, the Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) stood at $80.85 million in Q4 FY17 versus $56.38 million in Q4 FY16.

Segment Performance

The Company's Plumbing Products segment's revenues grew 8% to $53.59 million in Q4 FY17 from $49.58 million in Q4 FY16. Additionally, the segment's pre-tax earnings came in at $15.94 million in Q4 FY17 compared to $16.76 million in Q4 FY16.

During Q4 FY17, the Company's ACMI Services segment reported total revenues of $178.35 million, rising 21% from $135.06 million recorded in the prior year's comparable quarter. Moreover, the segment's pre-tax earnings were $11.32 million in Q4 FY17 compared to pre-tax losses of $4.95 million in Q4 FY16.

Air Transport Services' Ground Services segment's revenues were $72.09 million in Q4 FY17 versus $44.46 million in Q4 FY16. Additionally, the segment's pre-tax earnings came in at $2.12 million in Q4 FY17 compared to $1.75 million in Q4 FY16.

The Company's total revenues from other activities came in $61.57 million in Q4 FY17 compared to $40.48 million in the last year's corresponding quarter. Moreover, there was pre-tax losses of $0.37 million in Q4 FY17 compared to a profit of $1.78 million in Q4 FY16.

Cash Flow and Balance Sheet

During FY17, Air Transport Services' net cash flow provided by operating activities was $234.99 million compared to $193.09 million a year ago. The Company's capital expenses were up 12% to $296.94 million in FY17 from $264.48 million a year ago.

At the close of books on December 31, 2017, Air Transport Services had a cash and cash equivalents balance of $32.70 million versus $16.36 million at the close of books on December 31, 2016. Additionally, the Company's long-term debt balance increased to stand at $497.25 million as on December 31, 2017, from $429.42 million as on December 31, 2016.

Share Repurchase

The Company's Board of Directors has approved the expansion of its authorized share repurchase program to $150 million from $100 million. Furthermore, the Company's cumulative share repurchases under the program were $85.1 million at the close of FY17, which included $11.2 million repurchased during FY17.

Earnings Guidance

For the full year FY18, Air Transport Services expects adjusted EBITDA from continuing operations to grow 16% to approximately $310 million y-o-y. The Company projects capital expenditure of $300 million for FY18.

Stock Performance Snapshot

April 11, 2018 - At Wednesday's closing bell, Air Transport Services Group's stock fell 2.21%, ending the trading session at $22.10.

Volume traded for the day: 433.95 thousand shares.

Stock performance in the past twelve-month period ? up 33.94%

After yesterday's close, Air Transport Services Group's market cap was at $1.34 billion.

The stock is part of the Services sector, categorized under the Air Delivery & Freight Services industry.

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