Roadrunner Transportation reports solid quarter

Roadrunner Transportation Systems Inc., a Cudahy-based asset-light transportation and logistics service provider, reported fiscal fourth quarter net income of $9.9 million, or 31 cents per share, up from $7.2 million, or 23 cents per share, in the same period a year ago.

The company’s quarterly revenues grew to $279.2 million from $226.2 million a year earlier.

Mark DiBlasi, president and chief executive officer of Roadrunner, said, “Strong performance across all of our business segments generated third quarter revenue growth of 23.4 percent and net revenue growth of 37.0 percent.

Peter Armbruster, chief financial officer of the company, said, “We anticipate our revenues for the fourth quarter to be in the range of $275 million to $290 million, representing an increase of 16 percent to 22 percent from the fourth quarter of 2011. Further, we expect diluted income per share available to common stockholders to be between $0.27 and $0.31, compared to diluted income per share available to common stockholders of $0.22 in the prior year quarter. Our guidance range considers the uncertain economic conditions and the potential effects of the severe weather situation on the East Coast.”

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