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SWIFT TRANSPORTATION CO. INC. REPORTS REVENUES, EARNINGS FOR THIRD QUARTER

 SWIFT TRANSPORTATION CO. INC.
 REPORTS REVENUES, EARNINGS FOR THIRD QUARTER
 SPARKS, Nev., Oct. 20 /PRNewswire/ -- Swift Transportation Co. Inc. (NASDAQ-NMS: SWFT) announced today revenues and earnings for the third quarter ended Sept. 30, 1992.
 Revenues for the third quarter increased 22.4 percent to $60.1 million, compared with $49.0 million for the corresponding period in 1991. Net earnings increased 70.4 percent to $3.1 million, or 42 cents per share, compared to $1.8 million or $.25 per share for the corresponding quarter a year ago.
 Revenues increased primarily due to the company's continued fleet expansion to 1,837 tractors as of Sept. 30, 1992, compared to 1,521 as of Sept. 30, 1991.
 For the nine months ended Sept. 30, 1992, revenues increased 30.3 percent to $173.2 million from $132.9 million in the first nine months of 1991. Net earnings increased 59.0 percent to $7.4 million, or $.99 per share, compared to $4.6 million, or $.64 per share.
 SWIFT TRANSPORTATION CO. INC.
 (Consolidated, Unaudited)
 (In Thousands, Except Per Share Data)
 Periods ended: Three Months Nine Months
 Sept. 30 1992 1991 1992 1991
 Operating revenues $60,050 $49,043 $173,180 $132,906
 Operating expenses
 Salaries, wages &
 benefits 23,124 21,260 68,800 54,914
 Operating supplies &
 Exp. 6,061 4,561 17,502 12,971
 Fuel & fuel taxes 9,426 7,885 27,305 21,315
 Purchased transportation 1,095 1,054 2,650 3,627
 Rental expense 6,084 3,901 17,346 10,752
 Insurance & claims 2,250 1,165 6,108 3,608
 Depreciation &
 amortization 3,040 2,803 9,177 9,166
 Communication &
 utilities 783 570 2,353 1,630
 Operating taxes &
 licenses 2,607 2,281 8,033 5,660
 Total operating
 expenses 54,470 45,480 159,274 123,463
 Operating income 5,580 3,563 13,906 9,443
 Interest expense (net) 539 709 1,898 2,000
 Other expense (113) (272) (316) (457)
 Earnings before
 income tax 5,154 3,126 12,324 7,900
 Income taxes 2,055 1,307 4,960 3,269
 Net earnings 3,099 1,819 7,364 4,631
 Earnings per share $.42 $.25 $.99 $.64
 Shares used in per
 share calculations 7,430 7,320 7,410 7,257
 -0- 10/20/92
 /CONTACT: Jerry Moyes, president, or Bill Riley, CFO, of Swift Transportation, 702-359-9031/
 (SWFT) CO: Swift Transportation Co. Inc. ST: California IN: TRN SU: ERN


BP-KJ -- LA026 -- 2308 10/20/92 12:41 EDT
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Publication:PR Newswire
Date:Oct 20, 1992
Words:422
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