Pacer International Provides 2014 Guidance

(RTTNews) - Pacer International Inc. (PACR) said that it expects earnings per share for 2014 to be between $0.35 and $0.45, an expected increase of 35% to 36% from the 2013 guidance.

Looking ahead for 2014, Revenues is expected to be between $1.1 billion and $1.3 billion, an expected increase of 10% to 18% from the 2013 guidance. It expects that Capital expenditures will remain consistent with the levels of the previous three years. Selling, general and administrative expenses increasing by mid-single digit percentage points as both segments experience scaling from growing selling, general and administrative expenses much slower than revenues.

Analysts polled by Thomson Reuters expect the company to report earnings of $0.39 per share and revenues of $1.06 billion for fiscal 2014. Analysts' estimates typically exclude special items.

In Intermodal Segment, the company anticipates revenues for 2014 will increase by double digit percentage points primarily due to an expected mid-to-high single digit percentage point increase in domestic volumes. Gross margin is expected to increase by mid-single digit percentage points. Gross margin percentage is expecting to decrease slightly, primarily due to the conversion of wholesale intermodal automotive business to a direct retail basis.

In Logistics Segment, the company anticipates revenues for 2014 will increase by double digit percentage points. Gross margin percentage is expected to increase slightly, primarily due to a change in the mix of services provided. Operating results is anticipated to improve between $3 million to $6 million, with a break-even run rate achieved during the second half of 2014.