Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information

v2.4.1.9
Quarterly Financial Information
12 Months Ended
Dec. 31, 2014
Selected Quarterly Financial Information [Abstract]  
Quarterly Financial Information
Note 9. Quarterly Financial Information (Unaudited)

A summary of our unaudited quarterly financial information for 2014 and 2013 is provided below. Our tonnage levels and revenue mix are subject to seasonal trends common in the motor carrier industry. Financial results in the first quarter are normally lower due to reduced shipments during the winter months. Harsh winter weather can also adversely impact our performance by reducing demand and increasing operating expenses.
 
 
Quarter
(In thousands, except per share data)
 
First
 
Second
 
Third
 
Fourth
 
Total
2014
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
620,276

 
$
702,987

 
$
743,586

 
$
721,048

 
$
2,787,897

Operating income
 
80,052

 
122,695

 
126,262

 
112,298

 
441,307

Net income
 
45,887

 
73,849

 
77,909

 
69,869

 
267,514

Earnings per share:
 
 
 
 
 
 
 
 
 
 
Basic and diluted
 
0.53

 
0.86

 
0.90

 
0.81

 
3.10

 
 
 
 
 
 
 
 
 
 
 
2013
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
538,416

 
$
590,304

 
$
616,458

 
$
592,470

 
$
2,337,648

Operating income
 
65,944

 
97,573

 
98,076

 
76,845

 
338,438

Net income
 
40,553

 
58,255

 
60,149

 
47,156

 
206,113

Earnings per share:
 
 
 
 
 
 
 
 
 
 
Basic and diluted
 
0.47

 
0.68

 
0.70

 
0.55

 
2.39