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EAGLE USA AIRFREIGHT, INC.
Third Quarter '97 Consolidated Income Statement
(in thousands, except per share amounts)
(unaudited)
|
Three Months Ended June 30
| Nine Months Ended June 30
|
|
1997
| 1996
| 1997
| 1996
|
| Revenues |
$71,301 |
$48,240 |
$200,376 |
$127,989 |
| Cost of transportation |
39,981 |
27,016 |
112,858 |
71,402 |
| Total |
31,320 |
21,224 |
87,518 |
56,587 |
| Personnel costs |
16,911 |
10,765 |
46,084 |
28,930 |
Other selling, general and admin. costs |
8,057 |
5,944 |
23,859 |
15,553 |
| Operating income |
6,352 |
4,515 |
17,575 |
12,104 |
| Interest and other income |
374 |
295 |
1,348 |
758 |
| Interest expense |
-- |
(5) |
-- |
(141) |
Income before provision for income taxes |
6,726 |
4,805 |
18,923 |
12,721 |
Provision for income taxes (a) |
2,622 |
1,691 |
7,357 |
4,958 |
| Net income |
$4,104 |
$3,114 |
$11,566 |
$7,763 |
| Net income per share (b) |
$0.22 |
$0.17 |
$0.62 |
$0.43 |
Common equivalent shares outstanding |
18,673 |
18,818 |
18,614 |
17,872 |
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