U.S. Xpress Enterprises Inc - Ordinary Shares - Class A

NYSE:USX   3:59:38 PM EDT
2.54
+0.08 (+3.25%)
Officer Changes, Restructuring / Reorganization, Earnings Announcements

U.S. Xpress Announces Realignment Plan

Published: 09/07/2022 20:26 GMT
U.S. Xpress Enterprises Inc - Ordinary Shares - Class A (USX) - U.S. Xpress Announces Realignment Plan.
Us Xpress Enterprises - Expects to Incur Severance Related Charges Due to This Workforce Reduction Initiative of $0.6 Million in Its Q3 Financial Results.
Us Xpress Enterprises Inc - Total Costs Expected to Be Reduced by Approximately $25.0 Million on an Annualized Basis Beginning in Q4 of 2022.
Us Xpress Enterprises Inc - Realignment Plan Focused on Improving Over-the-road Operations With Limited Impact to Dedicated, Brokerage Businesses.
Us Xpress Enterprises Inc - Efficiencies Are Expected to Reduce Annualized Wage Costs by Approximately $20.0 Million Beginning in Q4 of 2022.
Us Xpress Enterprises Inc - Continues to Expect $18 Million of Interest Expense for Full Year 2022.
Us Xpress Enterprises - Expects to Incur Severance Related Charges Due to This Workforce Reduction Initiative of $0.6 Million in Its Q3 Financial Results.
Us Xpress Enterprises Inc - Experiencing an Increase in Insurance and Claims Expense.
Us Xpress Enterprises Inc - During Q3, Company Terminated Lease Agreement for Its Atlanta Office.
Us Xpress Enterprises Inc - Expects Approximately $15.0 Million in Additional Insurance and Claims Expense, Primarily Driven by One Large Claim, in Q3.
Us Xpress Enterprises Inc - Expects to Generate Annualized Savings of Approximately $2.0 Million From Lease Termination Beginning in Q4.
Revenue is expected to be $546.2 Million
Adjusted EPS is expected to be -$0.01

Next Quarter Revenue Guidance is expected to be $556.04 Million
Next Quarter EPS Guidance is expected to be $0.05

More details on our Analysts Page.