Indianapolis-based Celadon Group Inc. reported second-quarter operating revenue increased 6.9%, to $97.1 million from $90.8 million for the same quarter last year.
Net income increased 48.4%, to $1.5 million from $1.0 million for the same quarter last year. Diluted earnings per share improved to $.19 from $.13.
For the six months, revenue increased 4.6%, to $192.8 million from $184.4 million in the same period last year.
Chairman and CEO Steve Russell said, "We are very pleased with our results this quarter, as the operating business performed quite strongly. For the past several quarters we have focused our efforts on executing a strategic plan that includes improving our freight mix by replacing lower yielding freight with more profitable freight, diversifying our customer base, successfully integrating acquired operations, upgrading our equipment fleet, and emphasizing discipline in all aspects of our operations."
Net income increased 48.4%, to $1.5 million from $1.0 million for the same quarter last year. Diluted earnings per share improved to $.19 from $.13.
For the six months, revenue increased 4.6%, to $192.8 million from $184.4 million in the same period last year.
Chairman and CEO Steve Russell said, "We are very pleased with our results this quarter, as the operating business performed quite strongly. For the past several quarters we have focused our efforts on executing a strategic plan that includes improving our freight mix by replacing lower yielding freight with more profitable freight, diversifying our customer base, successfully integrating acquired operations, upgrading our equipment fleet, and emphasizing discipline in all aspects of our operations."
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