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Is YRC Worldwide Inc. (NASDAQ:YRCW) Stock Turning a Corner?

YRC Worldwide Inc. (NASDAQ:YRCW) reported revenue of $1.25 Billion along with operating income of $40.1 million. This included a 1.3 million loss on property disposals in the third quarter of 2017. YRCW reported net income of $3.0 million compared to $13.9 million a yr. ago


As you can see from the graph below, not much has changed. In other words, stagnant. However, if YRC Worldwide could string together a couple of good quarters, it's not out of the possibility that their stock could double by the fourth quarter of 2018. Let's take a look at their financials. 


On a non-GAAP basis, the company generated adjusted EBITDA of $81.4 million in third quarter 2017 compared to $85.5 million in the prior year comparable quarter. Last twelve months (LTM) consolidated adjusted EBITDA is $273.4 million compared to $305.8 million in 2016.  Reinvestment in the business continued during third quarter 2017 with $31.9 million in capital expenditures and new operating leases for revenue equipment, a capital value equivalent of $15.9 million, for a total of $47.8 Million. 


September 30, 2017, the Company reported they had cash and cash equivalents totaling $160.8 million compared to $276.4 million a year ago. As of September 30, 2017, the Company's outstanding debt was $962.4 million, a decrease of $93 million compared to $1.055 billion as of September 30, 2017. That is the biggest concern for YRCW Stock holders. 


"Despite weather and operational challenges in the third quarter, YRC Freight continued to improve its revenue per hundredweight and reported its highest year-over-year percentage increase in nearly three years in addition to positive year-over-year tonnage per day for the fourth consecutive quarter," said James Welch, CEO at YRC Worldwide. Collectively, the Regional Carriers reported their largest increase in year-over-year tonnage per day since the second quarter 2014.

About YRC Worldwide Inc., (NYSE:YRCW)

YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company for a portfolio of less-than-truckload (LTL) companies including YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn. YRC Worldwide companies have one of the largest, most comprehensive LTL networks in North America with local, regional, national and international capabilities.