Cudahy-based logistics service provider Roadrunner Transportation Systems Inc. today reported second quarter net income of $13.97 million, up 36.9 percent compared to $10.2 million during the 2012 second quarter.
Revenues were up 26.4 percent in the quarter to $331.9 million.
“Strong performance across all of our business segments generated second quarter revenue growth…and net revenue growth,” said Mark DiBlasi, president and CEO of Roadrunner. “Our continued initiatives to expand into new geographic regions, build density, improve pricing, and enhance productivity, as well as the addition of Expedited Freight Systems in August 2012, resulted in a net revenue margin improvement from 25.8 percent in the second quarter of 2012 to 28.8 percent in the second quarter of 2013.”
The company also expects its third quarter results to outpace its 2012 third quarter results.
“We anticipate our revenues for the third quarter to be in the range of $355 million to $380 million, representing an increase of 27 to 36 percent from the third quarter of 2012,” said Peter Armbruster, CFO of Roadrunner. “We expect net income available to common stockholders to be between $13.4 million and $14.6 million, representing an increase of 36 to 48 percent from the third quarter of 2012.”
