Celadon Group corrects tabular information; three months ended, 12/31/94, net income (loss) per share; read it $0.09 sted $(0.09).--(BUSINESS WIRE)-- In BW209, (CELADON-GROUP) Reports 1996 Second Quarter Results: Authorizes Stock Repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. , in the Consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: Operating Results table; under net income (loss) per share for the three months ended 12/31/94 read it $0.09 (sted $(0.09)). Corrected table follows: -0-
Celadon Group Inc.
Consolidated Operating Results
(Unaudited)
(Amounts in thousands except per share amounts)
Three Months Six Months
Ended Ended
12/31/95 12/31/94 12/31/95 12/31/94
Revenue:
Trucking - Truckload $36,481 $29,238 $70,626 $56,951
- Flatbed 4,212 --- 8,888 ---
Logistics 3,409 2,234 5,330 3,570
Total revenue $44,102 $31,472 $84,844 $60,521
Operating income (loss):
Trucking - Truckload $ 3,176 $ 3,615 $ 6,456 $ 7,070
- Flatbed 203 --- 340 ---
Logistics 350 356 588 564
Corporate (734) (685) (1,663) (1,532)
Operating income from
continuing operations 2,995 3,286 5,721 6,102
Interest expense (942) (882) (1,802) (1,777) Other income (loss) (29) (24) (43) (24) Profit before tax from continuing operations 2,024 2,380 3,876 4,301 Provision for income taxes 843 1,318 1,892 2,155 Net income from continuing operations 1,181 1,062 1,984 2,146 Discontinued operations: Loss from operations of freight forwarding net of tax (950) (446) (1,137) (154) Loss on disposal of freight forwarding net of tax (8,214) --- (8,214) --- Loss from discontinued operations (9,164) (446) (9,351) (154) Net income (loss): $(7,983) $ 616 $(7,367) $1,992 Earnings (loss) per share: Continuing operations $ 0.15 $ 0.16 $ 0.25 $ 0.32 Discontinued operations (1.15) (0.07) (1.17) (0.02) Net income (loss) per share $ (1.00) $ 0.09 $(0.92) $ 0.30 Primary shares outstanding 7,974,671 6,814,939 7,993,209 6,743,040 CONTACT: Celadon celadon Chinese, Korean, Siamese, and Japanese stoneware decorated with glazes the colour range of which includes greens of various shades, olive, blue, and gray. The colours are the result of a wash of slip (liquefied clay) containing a high proportion of iron that is Group Inc. Len Bennett, 317/782-8470 or Brian The name Brian (sometimes spelled Bryan) comes from an Irish backround. It is of Celtic origin and its meaning may be "hill" or "strong, noble, and high"[1]. L. Reach, 800/839-4227 |
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