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Rail News: Financials

Pacer International increases income and earnings in the fourth quarter, full year


Pacer International Inc. capped off 2005 with a strong financial performance in the fourth quarter. The North American third-party logistics and freight transportation provider earned net income of $20.4 million, a 20 percent increase compared with fourth-quarter 2004. Income from operations rose 19.1 percent to $36.1 million and diluted earnings per share increased 22.7 percent to 54 cents.

However, quarterly consolidated revenue of $503.8 million dropped 5.1 percent compared with fourth-quarter 2004.

“Income from operations for our retail segment more than doubled and is up 63.8 percent for the year,” said Pacer Chairman and Chief Executive Officer Don Orris in a prepared statement.

For the full year, Pacer’s consolidated revenue totaled $1.86 billion, a 2.9 percent increase compared with 2004. Net income rose 7.8 percent to $50.9 million, income from operations increased 7.6 percent to $93.1 million and diluted earnings per share went up 8.1 percent to $1.34.

Pacer provides intermodal, trucking, third-party logistics, warehousing, distribution and international freight forwarding services.

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More News from 2/10/2006