Pacer Q1 Revenue Down
For the first quarter of 2011, the company posted a net income of $2m, or $0.06 per diluted share, compared to a net loss of $0.5m, or $0.01 per diluted share, for the same period in 2010.
Total operating expenses for the first quarter of 2011 were $354.5m, compared to $363.1m for the same period in 2010. Selling, general and administrative expenses were $36.5m, compared to $38.8m for the same period in 2010.
Gross margin percentage was 11.7 percent in the 2011 period compared to 11.2 percent in the 2010 period.
Daniel Avramovich, chairman and CEO of Pacer, said: â€œDuring the first quarter we continued to make progress in achieving our strategic objectives on our journey towards becoming a world class integrated global door-to-door transportation and solutions provider.
â€œWe are pleased with our improved financial performance and increased customer service and quality, despite some difficult operating conditions with weather and rising fuel costs.â€
Will the firm post positive revenues in Q2?
Have your say and discuss with your peers on the InfoGrok community.
Participate by posting your comments now.