After earning $2.9 million in the 2018 third quarter, YRC sustained a $16 million net loss in the most recent quarter. The quarterly loss was exacerbated by an $11.2 million loss on extinguishment of debt associated with a refinancing of the term loan agreement, which resulted in a negative impact of $0.34 cents per share for the third quarter 2019.
Source: logistics Mgmt
YRC dips into red ink in Q3, posting $16 million loss in quarter
Published in News, Logistics, 3PL, Transportation, Motor Freight,
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