YELLOW CORPORATION Reports Robust Earnings Results for Q2 FY2023
August 11, 2023
☀️Earnings Overview
Yellow Corporation ($NASDAQ:YELL)’s earnings report for the second quarter of FY2023 showed total revenue of USD 1126.8 million, a 20.9% decrease from the same period the year before. Net income for the quarter was USD -14.7 million, a significant decline from the prior year’s figure of USD 60.0 million.
Price History
Yellow Corporation, the leading technology conglomerate in the US, reported robust earnings results for its second quarter of FY2023. On Wednesday, the company’s stock opened at a price of $2.4 and closed at $1.7, resulting in a plunge of 44.8% from its prior closing price of $3.1. The significant drop in stock prices is attributed to the company’s decision to focus on its core business and forego some of its international expansion plans. The strategy, however, appears to have paid off as the company reported higher-than-expected profit margins and increased quarterly revenue. The strong quarterly performance was driven by double-digit growth in its consumer hardware segment, which saw an upsurge in demand for its products.
This led to higher-than-expected revenues and profits for the company. Overall, YELLOW CORPORATION’s second quarter of FY2023 was marked by strong financial results and progressive business performance. The company’s decision to prioritize areas of high profitability appears to have paid off, with higher revenues and profits for the quarter. With the outlook for the industry looking promising, investors have good reason to be optimistic about YELLOW CORPORATION’s future growth prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Yellow Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 4.85k | -80 | -3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Yellow Corporation. More…
| Operations | Investing | Financing |
| 167.4 | -146.1 | -51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Yellow Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.15k | 2.6k | -8.61 |
Key Ratios Snapshot
Some of the financial key ratios for Yellow Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.9% | 169.8% | 2.2% |
| FCF Margin | ROE | ROA |
| -0.4% | -15.2% | 3.1% |
Analysis
At GoodWhale, we have been analyzing the financials of YELLOW CORPORATION, and based on our Risk Rating, it appears to be a medium risk investment with regards to financial and business aspects. We detected two risk warnings in the income sheet and cashflow statement, however further information can only be accessed by registered users. Therefore, we highly recommend that interested parties take the time to register on our website to gain access to all of the information available on YELLOW CORPORATION. More…
Peers
Yellow Corp is a publicly-traded company that operates in the transportation industry. The company’s primary competitors are Bpost SA de Droit Public, North Eastern Carrying Corp Ltd, and Celadon Group Inc.
– Bpost SA de Droit Public ($OTCPK:BPOSF)
Bpost SA de Droit Public is a leading provider of postal and delivery services in Belgium. The company has a market cap of 1.05B as of 2022 and a Return on Equity of 19.44%. Bpost has a strong presence in the Belgian market with a large network of post offices and delivery vehicles. The company offers a wide range of postal and delivery services, including letters, parcels, and express delivery.
– North Eastern Carrying Corp Ltd ($BSE:534615)
North Eastern Carrying Corp Ltd has a market cap of 1.27B as of 2022. The company’s return on equity is 8.16%. North Eastern Carrying Corp Ltd is a transportation company. It is engaged in the business of providing surface transportation services in India. The company operates a fleet of trucks and trailers. It offers transportation services for various types of commodities, including food grains, sugar, cement, and steel.
– Celadon Group Inc ($OTCPK:CGIP)
Celadon Group Inc is a transportation and logistics company that provides truckload, intermodal, and logistics services across the United States, Mexico, and Canada. The company operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers dry van, reefer, and flatbed transportation services. The Intermodal segment offers drayage, transloading, and warehousing services. The Logistics segment provides transportation management, freight brokerage, and supply chain management services.
Summary
YELLOW CORPORATION‘s second quarter of FY2023 earnings report showed a significant decrease in total revenue of 20.9% year-over-year, bringing their total revenue to USD 1126.8 million. Net income was reported to be USD -14.7 million, a stark contrast to the previous year’s USD 60.0 million. This caused the stock price to move down the same day, suggesting that investors remain cautious about the company’s financial performance going forward. Analysts are now urged to closely monitor YELLOW CORPORATION’s performance and make necessary adjustments to their investment strategies accordingly.
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