Key Developments: Roadrunner Transportation Systems Inc (RRTS.N)
28.00USD
18 Jun 2013
$-0.24 (-0.85%)
$28.24
$28.12
$28.50
$27.81
51,327
46,394
$29.49
$15.17
Latest Key Developments (Source: Significant Developments)
Roadrunner Transportation Systems Inc Issues Q2 2013 Revenue Guidance; EPS Guidance In Line With Analysts' Estimates
Roadrunner Transportation Systems Inc announced that for the second quarter of 2013, it expects revenues to be in the range of $315 million to $340 million and diluted income per share (EPS) available to common stockholders to be between $0.35 and $0.38. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.37 for second quarter of 2013. Full Article
Roadrunner Transportation Systems Inc Announces Acquisition Of Adrian Carriers
Roadrunner Transportation Systems Inc announced that it has acquired all of the outstanding stock of Adrian Carriers (Adrian), a logistics service provider offering container management and intermodal solutions based in Milan, Illinois, for a total purchase price of approximately $14.2 million, plus an earn-out capped at $6.5 million. Adrian manages the transportation of containerized import and export freight throughout the United States, and is at the forefront of technical development of container management systems and software. The acquisition was financed with borrowings under Roadrunner's credit facility. Full Article
Roadrunner Transportation Systems Inc Issues Q1 2013 Revenue Guidance; EPS Guidance In Line With Analysts' Estimates
Roadrunner Transportation Systems Inc announced that for the first quarter of 2013, it expects revenues to be in the range of $285 million to $310 million and diluted income per share (EPS) available to common stockholders to be between $0.27 and $0.29. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.28 for first quarter of 2013. Full Article
Roadrunner Transportation Systems Inc Announces Exercise Of Over-Allotment Option
Roadrunner Transportation Systems Inc announced that the underwriters for its recently announced public offering of common stock exercised in full their over-allotment option to purchase an additional 525,000 shares of common stock at a price of $17.25 per share to the public. The Company expects to receive net proceeds from the sale of the additional shares of approximately $8.5 million after deducting the underwriting discount and estimated expenses, bringing the total net proceeds to the Company from the offering to approximately $63.4 million. The closing of the sale of the additional shares is expected to occur on January 4, 2013. As previously announced, the Company is using the net proceeds from the offering to repay the outstanding indebtedness under its revolving line of credit and for working capital and other general corporate purposes. Robert W. Baird & Co. Incorporated served as the book-running manager for the offering. BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Incorporated and SunTrust Robinson Humphrey, Inc. served as co-managing underwriters for the offering. Full Article
Roadrunner Transportation Systems Inc Announces Acquisition Of Direct Connection Transportation
Roadrunner Transportation Systems Inc announced that it has acquired all of the outstanding stock of Direct Connection Transportation (DCT), a non-asset truckload service provider based in Phoenix. The purchase price was approximately $1.3 million and the acquisition was financed with cash on hand. Full Article
Roadrunner Transportation Systems Inc Announces Pricing of Common Stock Offering
Roadrunner Transportation Systems Inc announced that it priced a public offering of 3,500,000 shares of common stock at a price of $17.25 per share to the public. A total of 3,400,000 shares are being sold by the Company and 100,000 shares are being sold by a selling stockholder. The Company has granted the underwriters in the offering an option to purchase up to 525,000 additional shares of common stock at the same price per share to cover any over-allotments. The offering is expected to close on December 11, 2012. Assuming no exercise of the underwriters' over-allotment option, the Company expects to receive net proceeds from the offering of approximately $54.9 million after deducting the underwriting discount and estimated expenses of the offering. The Company expects to use the net proceeds from the offering to repay the outstanding indebtedness under its revolving line of credit and for working capital and other general corporate purposes. Robert W. Baird & Co. Incorporated is serving as the book-running manager for the offering. BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Incorporated and SunTrust Robinson Humphrey, Inc. are serving as co-managing underwriters for the offering. Full Article
Roadrunner Transportation Systems Inc Announces Common Stock Offering
Roadrunner Transportation Systems Inc announced that it has commenced a public offering of 3,500,000 shares of common stock, of which 3,400,000 shares are being offered by the Company and 100,000 shares are being offered by a selling stockholder. The Company will grant the underwriters in the offering an option to purchase up to 525,000 additional shares of common stock at the same price per share to cover any over-allotments. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed. The Company expects to use the net proceeds from the offering to repay the outstanding indebtedness under its revolving line of credit and for working capital and other general corporate purposes. Robert W. Baird & Co. Incorporated will serve as the book-running manager for the offering. BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Incorporated and SunTrust Robinson Humphrey, Inc. will serve as co-managing underwriters for the offering. Full Article
Roadrunner Transportation Systems Inc Announces Acquisition Of A&A Express
Roadrunner Transportation Systems Inc announced that it has acquired all of the outstanding stock of A&A Express (A&A), a provider of truckload services based in Brandon, South Dakota, for a total enterprise value of approximately $24.0 million, plus an earn-out capped at $2.5 million. A&A transports primarily refrigerated product throughout the United States utilizing a combination of independent contractors and employee drivers. The acquisition was financed with borrowings under Roadrunner's credit facility. Full Article
Roadrunner Transportation Systems Inc Issues Q4 2012 Guidance
Roadrunner Transportation Systems Inc announced that for the fourth quarter of 2012, it expects revenues to be in the range of $275 million to $290 million and diluted income per share (EPS) available to common stockholders to be between $0.27 and $0.31. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.31 for the fourth quarter of 2012. Full Article
Roadrunner Transportation Systems, Inc. Announces Acquisition of R&M Transportation and Sortino Transportation
Roadrunner Transportation Systems, Inc. announced that it has acquired substantially all of the operating assets and business of R&M Transportation and all of the outstanding stock of Sortino Transportation, providers of truckload services based in Omaha, Nebraska, for approximately $24.4 million, plus an earn-out capped at $5 million. R&M and Sortino transport primarily refrigerated product throughout the United States utilizing a combination of independent contractors and a fleet of Company-owned trailers. Roadrunner also announced that it has amended and expanded its credit facility to $295 million to provide enhanced liquidity and future growth capital. Under the terms of the amended credit facility, Roadrunner modified limits and terms and obtained a reduction in interest rates of approximately 100 basis points. Full Article
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