Wednesday, June 07, 2006

YRC Worldwide Increases Earnings Guidance

Photobucket - Video and Image Hosting YRC Worldwide Inc. today announced that it expects second quarter 2006 adjusted earnings per share ("EPS") to be in the range of $1.53 to $1.58. The company's previous guidance was $1.45 to $1.50 per share for the quarter. This guidance excludes estimated costs of $.04 per share related to reorganization expenses and net gains on property disposals that management excludes to more accurately compare results among periods. Including these costs, reported EPS is expected to be in the range of $1.49 to $1.54. Full year 2006 EPS guidance will be updated when the company announces second quarter results in late July.
"Overall the quarter is coming in better than our initial expectations," stated Bill Zollars, Chairman, President and CEO of YRC Worldwide. "In our view the economy is still healthy, and while our business volumes and cost management remain on track, pricing has been slightly better than we originally expected."

YRC Worldwide will release second quarter results after the market close on July 27, 2006. A conference call to discuss second quarter results will be held at 9:30 a.m. ET on Friday, July 28, 2006. Conference call details will be provided in early July.

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