Celadon Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2016; Provides Capital Expenditures Guidance for the Reminder of Fiscal 2017
For six months, total revenue was $530,765,000 against $541,520,000 a year ago. Operating income was $1,556,000 against $35,252,000 a year ago. Loss before income taxes was $2,793,000 against income of $28,221,000 a year ago. Net loss was $1,567,000 against income of $17,982,000 a year ago. Loss per basic and diluted common share was $0.06 against income of $0.64 per diluted share a year ago.
Net capital expenditures for the balance of the fiscal year are expected to be approximately $10 million -15 million.