Server: Microsoft-IIS/3.0 Date: Thu, 20 Nov 1997 16:00:53 GMT Content-Type: text/html Accept-Ranges: bytes Last-Modified: Tue, 04 Nov 1997 23:01:07 GMT Content-Length: 10453 Eagle USA Company News - Press Releases (November 4, 1997)
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    November 4,1997

    Eagle USA Airfreight,Inc. Reports Record Fourth quarter Revenues and Earnings

    Fourth Quarter Highlights:
    • Revenues up 59%, Earnings per share up 40%
    • Operating income increases by 41%
    • Continued investments in personnel
    • Same terminal revenue growth of 50% for the quarter (a)
    • UPS strike adds approximately $6 million in revenues

Financial & Operating Data
(Reflects 2-for-1 stock split effected August 1,1996)
Quarter Ended %
Change
9/30/97 9/30/96
Revenues (000's) $91,392 $57,456 59%
Operating Income (000's) $8,124 $5,745 41%
Net Income (000's) $5,232 $3,718 41%
Net Income Per Share $0.28 $0.20 40%
Operating Data
Freight Forwarding Shipments (b) 290,744 161,433 80%
Average Weight (lbs.) Per Shipment 434 551 (21%)
Freight Forwarding Terminals 60 47 28%
Local Delivery Locations 44 28 57%

"Looking ahead to fiscal 1998, I am enthusiastic about the opportunity we have to grow our business further. The impact of our aggressive marketing efforts and our commitment to outstanding customer service is demonstrated by the record results we turned in during fiscal 1997. We will continue to fine- tune our proven business model as we expand our terminal network, our international business, our personnel and infrastructure for fiscal 1998."
-- James R. Crane, Chairman and Chief Executive Officer

  1. Percentage increase in revenues for those terminals open as of the beginning of the prior fiscal year.

  2. The Company estimates that approximately 75,000 shipments were added as a result of the UPS strike during the fourth quarter of 1997.

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 EAGLE USA AIRFREIGHT

Sherry Amberg
samberg@eagleusa.com

Intercontinental Airport
3214 Lodestar
Houston, Tx 77032

Voice: (281) 821-4456
Fax: (281) 821-1953
info@eagleusa.com
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