MONTREAL, Que. — TransForce Income Fund has announced continued growth in its financial results for the first quarter ended Mar. 31.
TransForce increased quarterly revenues by 7% to $464.8 million compared with $433.8 million in the same period a year earlier. EBITDA (earnings before interest, taxes, depreciation and amortization and equivalent to operating income on TransForces financial statements) was $52.7 million for the quarter, an increase of 7% from the $49.1 million reported for the first quarter of fiscal 2006.
Cash flow from operating activities, before net change in non-cash working capital balances, was $45 million in the first quarter, compared with $41 million in the first quarter of 2006.
The first quarter is traditionally slower than the balance of the year and I am pleased that we were able to improve our year-over-year results in key areas in the latest quarter, said Alain Bdard, president and CEO of TransForce.
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News