Chicago-based global moving company Sirva said its net income in the second quarter increased over 65% to $17.5 million.
Chicago-based global moving company Sirva said its net income in the second quarter increased over 65% to $17.5 million on 15.4% higher operating of $668.8 million compared to the same period last year. The strength of U.S. residential moving activity contributed, the company said.
Sirva said operating revenue in moving services grew 10% on strong shipments across consumer, military/government and corporate segments. Corporate shipments were higher on a year-over-year basis for the first time in 14 quarters. On average, the company said it conducts more than 365,000 relocations per year across all of its markets.
With strong performance in the first half of the year, the company said it remains confident that it will earn $1.17 to $1.20 per share in 2004.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Downtime is expensive. This guide shows you how to keep your eet running, reduce repair surprises, and protect your margins—because when your trucks aren’t moving, you’re not...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...
