Dynamex Announces Fourth Quarter Results.DALLAS--(BUSINESS WIRE)--Sept. 16, 1998--Dynamex Inc. (Nasdaq:DYMX) today announced net earnings for its fiscal quarter ended July July: see month. 31, 1998 of $2,102,000 ($0.22 per share, basic and diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. ) on sales of $60,319,000. This compares with net earnings for the fourth quarter of fiscal 1997 of $1,382,000 ($0.20 per share basic and $0.19 diluted) on sales of $40,866,000. For the fiscal year ended July 31, 1998 earnings amounted to $5,750,000 ($0.72 per share basic and $0.71 diluted) on revenues of $208,712,000, compared to earnings for the fiscal year ended July 31, 1997 of $3,847,000 ($0.58 per share basic and $0.56 diluted) on revenues of $131,867,000. For the fourth quarter of fiscal 1998 and the fiscal year ended July 31, 1998, earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a K. McClelland McClelland is the surname of:
See also: Spite the effect of the issuance of 2,500,000 shares in our follow-on offering Follow-On Offering An offering of additional shares after a company has had an initial public offering. Notes: This sometimes means the company is strapped for cash. So they need to issue more shares to pay bills or finance a new project. in May of this year, earnings per share increased by more than 15% in the fourth quarter of fiscal 1998 as compared to the fourth quarter of fiscal 1997 and by more than 25% for all of fiscal 1998 as compared to fiscal 1997." Dynamex is a leading provider of same-day delivery and logistics logistics In military science, all the activities of armed-force units in support of combat units, including transport, supply, communications, and medical aid. The term, first used by Henri Jomini, Alfred Thayer Mahan, and others, was adopted by the U.S. services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of . -0-
DYNAMEX INC.
Summary of Financial Results
(In Thousands Except Per Share Data)
Three Months Ended Twelve Months Ended
July 31, July 31,
----------------- ------------------
1998 1997 1998 1997
---- ---- ---- ----
SALES $60,319 $40,866 $208,712 $131,867
COST OF SALES 39,856 26,592 138,898 87,193
------- ------- --------- --------
GROSS PROFIT 20,463 14,274 69,814 44,674
SELLING, GENERAL AND
ADMINISTRATIVE EXPENSES 14,414 10,389 49,993 33,318
DEPRECIATION AND AMORTIZATION 1,838 1,029 6,371 3,543
------- ------- --------- --------
OPERATING INCOME 4,211 2,856 13,450 7,813
INTEREST EXPENSE 739 628 3,761 1,481
------- ------- --------- --------
INCOME BEFORE TAXES 3,472 2,228 9,689 6,332
INCOME TAXES 1,370 846 3,939 2,485
------- ------- --------- --------
INCOME BEFORE EXTRAORDINARY
ITEM 2,102 1,382 5,750 3,847
EXTRAORDINARY LOSS ON EARLY
RETIREMENT OF DEBT (net of
income tax benefit of $222) -- -- -- (335)
------- ------- --------- --------
NET INCOME $ 2,102 $ 1,382 $ 5,750 $ 3,512
======= ======= ========= ========
EARNINGS PER COMMON SHARE --
BASIC:
Income before extraordinary
item $ 0.22 $ 0.19 $ 0.72 $ 0.58
Extraordinary loss -- -- -- (0.05)
------- ------- --------- --------
Net income $ 0.22 $ 0.19 $ 0.72 $ 0.53
======= ======= ========= ========
EARNINGS PER COMMON SHARE
-- ASSUMING DILUTION:
Income before extraordinary
item
$ 0.22 $ 0.20 $ 0.71 $ 0.56
Extraordinary loss -- -- -- (0.05)
------- ------- --------- --------
Net income $ 0.22 $ 0.20 $ 0.71 $ 0.51
======= ======= ========= ========
WEIGHTED AVERAGE SHARES:
Common shares outstanding 9,547 7,387 7,937 6,670
Adjusted common shares
-- assuming exercise
of stock options 9,751 7,059 8,136 6,839
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