Boyd Bros. returns to profitability
Boyd Bros. Transportation Inc. said its first-quarter financial results include higher revenue and a return to profitability versus the same period in 2002, continuing the general pattern it has seen throughout the past year.
Operating revenues increased 6% to $32,577,476 for the quarter, including $991,564 in fuel surcharges, from $30,620,318 in the same period last year, which included $27,349 in fuel surcharges.
Boyd Bros.' pre-tax income for the first quarter of 2003 was $6,850, marking a reversal of the pre-tax loss of $450,470 reported in the same period last year, while net income for the first quarter of 2003 was $4,185, essentially break even on a per share basis, compared with a net loss of $288,097 in the year-earlier quarter.