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SWIFT TRANSPORTATION CO. INC. REPORTS REVENUES AND EARNINGS FOR FOURTH QUARTER & YEAR END

 SWIFT TRANSPORTATION CO. INC. REPORTS REVENUES AND
 EARNINGS FOR FOURTH QUARTER & YEAR END
 PHOENIX, Jan. 31 /PRNewswire/ -- Swift Transportation Co. Inc. (NASDAQ-NMS: SWFT) announced today revenues and earnings for the quarter and year ended Dec. 31, 1991.
 Revenues for the fourth quarter increased 35 percent to $57.8 million, compared with $42.7 million for the corresponding period in 1990. Net earnings increased 31 percent to $1.8 million or 25 cents per share, compared to $1.4 million or 20 cents per share for the corresponding quarter a year ago.
 Revenues increased due to the company's continued internal fleet expansion and the acquisition of Arthur H. Fulton Inc. in September 1991.
 For the 12 months ended Dec. 31, 1991, revenues increased 22 percent to $190.7 million from $156.3 million in 1990. Net earnings in 1991 were $6.5 million or $.89 per share, compared to $6.7 million or $1.08 per share for 1990. The shares used in the per share calculations in 1991 were 7,300,000 vs. 6,190,000 in 1990.
 SWIFT TRANSPORTATION CO. INC.
 (Consolidated, in thousands)
 (Except per share amounts)
 (Unaudited)
 Periods ended Fourth quarter Year end
 Dec. 31: 1991 1990 1991 1990
 Operating revenues $57,774 $42,651 $190,680 $156,330
 Operating expenses
 Salaries, wages &
 benefits 23,457 14,240 78,371 57,754
 Fuel & fuel taxes 9,430 7,033 30,745 20,670
 Operating supplies &
 Exp. 6,370 5,134 19,161 15,661
 Purchased transportation 862 2,908 4,489 12,209
 Rental expense 4,843 2,487 15,595 6,762
 Insurance & claims 1,773 1,855 5,381 5,749
 Depreciation &
 amortization 3,457 3,150 12,623 12,520
 Communication &
 utilities 883 536 2,513 1,967
 Operating taxes &
 licenses 3,078 2,182 8,738 7,511
 Total operating
 expenses 54,153 39,525 177,616 140,803
 Operating income 3,621 3,126 13,064 15,527
 Interest expense (net) 684 626 2,684 4,688
 Other income (29) 126 (486) (443)
 Earnings before
 income tax 2,966 2,374 10,866 11,282
 Income taxes 1,131 973 4,400 4,626
 Net earnings $1,835 $1,401 $6,466 $6,656
 Earnings per share $.25 $.20 $.89 $1.08
 Shares used in per
 share calculations 7,330 7,155 7,300 6,190
 -0- 1/31/92
 /CONTACT: Jerry Moyes, president, or Bill Riley, CFO, of Swift Transportation Co. Inc., 602-269-9700/
 (SWFT) CO: Swift Transportation Co. Inc. ST: California IN: TRN SU: ERN


EH-CH -- LA025 -- 5837 01/31/92 18:02 EST
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Publication:PR Newswire
Date:Jan 31, 1992
Words:433
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