UTi Worldwide Posts Q2 Non-GAAP Loss/shr Of $0.07 - Quick Facts

(RTTNews) - UTi Worldwide Inc. (UTIW) reported a net loss attributable to company of $16.9 million in the fiscal 2015 second quarter. Net loss attributable to common shareholders after dividends on preferred stock was $0.19 per share. Net loss attributable to company in the prior fiscal year second quarter was $4.4 million, or $0.04 per share.

Non-GAAP net loss attributable to company was $4.2 million. Non-GAAP net loss attributable to shareholders after preferred stock dividends was $0.07 per share.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.01 for the quarter. Analysts' estimates typically exclude special items.

Earnings before interest, taxes, depreciation and amortization, as adjusted for severance and other costs (adjusted EBITDA) totaled $30.0 million compared to $29.0 million, prior year.

Revenues were $1.09 billion, a decrease of 3.4 percent from $1.13 billion, a year ago. On an organic basis, revenues decreased 2.7 percent. Analysts expected revenue of $1.14 billion for the quarter.

UTi Worldwide continues to target positive free cash flow for fiscal 2015. The company expects fiscal 2016 EBITDA in the range of $190 million to $210 million.