USF Corp., Chicago, Ill., reported income from continuing operations of $18.7 million for the fourth quarter, compared to $13.6 million reported for the fourth quarter ended Dec. 31, 2002.

Diluted earnings per share from continuing operations were 68 cents compared to 50 cents in last year's fourth quarter. Revenue for the fourth quarter was $546.6 million, compared to $580.7 million reported for the fourth quarter of 2002.
For the total year, the company recorded revenue from continuing operations of $2.29 billion compared to $2.25 billion for 2002. Income from continuing operations was $44 million for 2003, or $1.61 diluted earnings per share, compared to last year's income of $33 million equivalent to $1.22 diluted earnings per share.
Commenting on the results, Richard P. DiStasio, president and CEO of USF Corp. said, "Our fourth-quarter results were encouraging. We continue to improve the strategic position of our business through investment in new products, people, and improved operating efficiencies.
"However, USF must continue to change as we increasingly focus on growth and on the implementation of our long-term strategies. In 2004 we intend to continue to strengthen our operations, improve our cost structure and raise awareness of our brand. I am proud of what our employees have been able to accomplish in 2003 and because of their determination and effort, we remain confident regarding USF's prospects for top-line growth in 2004."
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