STG Stonepath Group Inc

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Stonepath Posts $8.6 Million in EBITDA for 2003 - up 87% from Prior
Year


PHILADELPHIA--(BUSINESS WIRE)--Feb. 25, 2004--Stonepath Group (AMEX:
STG - News), a global logistics services organization, today
reported financial results for the three months and year ended
December 31, 2003.

For the fourth quarter of 2003, Stonepath reported revenues of $69.9
million, up from $43.3 million for the same prior year period, an
increase of $26.6 million or 61.3%. Net income attributable to
common stockholders was $4.9 million, or $0.14 per basic share and
$0.11 per diluted share, and included a non-cash tax benefit of $1.7
million. This compares to net income attributable to common
stockholders of $1.3 million, or $0.06 per basic share and $0.04 per
diluted share, for the same prior year period

For the year ended December 31, 2003, Stonepath reported revenues of
$220.3 million, up from $122.8 million for the same prior year
period, an increase of $97.5 million or 79.4%. Net income
attributable to common stockholders was $7.1 million, or $0.24 per
basic share and $0.18 per diluted share, and was negatively impacted
by $1.4 million of costs related to discontinued operations, a
litigation settlement and the delayed effectiveness of a
registration statement during the third quarter of 2003, and
positively impacted by $1.7 million in non-cash tax benefits. This
compares to net income attributable to common stockholders of $17.4
million, or $0.79 per basic share and $0.08 per diluted share, for
the same prior year period, which included a net non-cash benefit of
$15.0 million associated with the restructuring of the Company's
Series C preferred stock after giving effect to $1.95 million in
preferred stock dividends.

According to the Company's Chief Financial Officer, Bohn Crain, "Our
2003 results included amortization of customer intangibles arising
from the Company's past acquisitions and other non-cash charges
totaling $780,000 for the fourth quarter and $2.7 million for the
year ended December 31, 2003. While we believe we are actually
growing the value of our acquired customer relationships through our
acquisition strategy, our GAAP based financial reporting will
continue to include these types of non-cash charges which are likely
to increase as we continue our acquisition strategy. As a result, we
believe that earnings before interest, taxes, depreciation and
amortization, or EBITDA, is a useful financial measure for investors
because it eliminates the effect of these non-cash costs and
provides an important metric of the economic reality of our
business."

For the fourth quarter of 2003, EBITDA was $4.2 million, or $0.09
per diluted share, as compared to $1.8 million, or $0.06 per diluted
share for the same prior year period, an improvement of $2.4 million
or 136.8%, and $0.03 per diluted share.

For the year ended December 31, 2003, EBITDA was $8.6 million, or
$0.22 per diluted share, as compared to $4.6 million, or $0.16 per
diluted share for the same prior year period, an improvement of $4.0
million or 87.0%. Excluding the impact of the nonrecurring costs of
$1.4 million, EBITDA was $10.0 million, or $0.26 per diluted share,
an improvement of $5.4 million, or 118.7% and $0.10 per diluted
share over the same prior year period.

Reconciliations of EBITDA amounts to the most directly comparable
GAAP measures for the three and twelve months ended December 31,
2003 are included in the financial information provided as part of
this release.

"Our fourth quarter and full year results continued the trend of
revenue and earnings expansion for Stonepath," said Dennis Pelino,
the Company's Chief Executive Officer. "We plan to build on this
success in 2004 with a continuing focus on profitable growth,
integration and productivity improvement. With the recently
completed acquisition of a controlling interest in Shaanxi Sunshine
Express Cargo Services Int'l Co., Ltd and before the benefit of any
further acquisitions, our base 2004 plan calls for $14.0 million of
EBITDA, or $0.28 per diluted share, on $300.0 million in revenues.
This represents year-on-year revenue growth of 36%, EBITDA growth of
63% and growth in EBITDA per diluted share of 27%."

Pelino continued: "In addition, we also expect to keep up our
momentum on the acquisition front in 2004. With the benefit of our
$20.0 million bank facility and recently effective $50.0 million
equity shelf registration, we should have access to the capital
necessary to meet our goal of scaling our business to revenues in
the range of $500.0 million in run rate revenues by the end of 2006.
We will continue our expansion in our existing North American and
Asian markets and also look to establish a footprint in Europe and
South America and expect to deploy $10.0 to $20.0 million in
acquisition capital over the course of 2004."

Pelino closed, "We will continue to execute our business plan,
deploying our capital in support of profitable, best of breed
companies and management teams that are complementary to our global
network. Through this disciplined approach we believe we can
continue to build a world class supply-chain execution platform and
create significant value for our shareholders and customers along
the way."

0.14 CENTS DI PROFITTABILITA'!!

vendite in aumento del 60%

EBITDA 8.600.000 $ (DI CUI 4.900.000$ NELL'ULTIMO TRIMESTRE)

DEBITI ALLA DATA ODIERNA 19.000.000 $(ai quali devono sottrarsi i
quasi 5.000.000 di questa trimestrale)

quindi nel giro di un'anno paga i debiti

costa ora $ 3.75 (P/E PROIETTATO DI 6.7!!)


Qualcuno posti il grafico a breve

Forse è un buon acquisto

ciao Maxlago ;)
 
se va bene?
 

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azzz sta facendo un + 10,95
 
STA FACENDO SCENTILLE...E CON VOLUMI!!
 

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Anche se mi hai fregato il titolo complimenti ugualmente per il lavoro che stai svolgendo,continua cosi:)
 
vorrei aggiungere un piccolo dettaglio di paragone,,,,,

HUBG,,,,,la stessa identica societa' per tipo di business, di STG

capzo andatevi a vedere cosa ha combinato HUBG,,,nell'ultimo, anno,,,

io ho preso per un po' di stg oggi,,,,
 
Mi sa che è davvero in partenza.. dentro anch'io.. gooooooooooooooooooo...;)
 
dentro anch'io a 3.67.
 
Fuori da FTGX e dentro qui a 3,69.

Saluti a tutti!
 
Non mi sembra sia corretto postare qui quando stg la scopri io ancora 2 mesi fa.

Comunque fate come vi pare
 
bisogna difendere i diritti d autorebannato bannato bannato bannato bannato bannato bannato
 
Scritto da stefano6661
Non mi sembra sia corretto postare qui quando stg la scopri io ancora 2 mesi fa.

Comunque fate come vi pare

E ke hai il copyright su STG???? bannato

:D :D :D
 
Non mi sembra sia corretto postare qui quando stg la scopri io ancora 2 mesi fa.

Comunque fate come vi pare


caro stefi sapessi quanti titoli ho scoperto io,,,,

e hanno aperto vari 3d,,,,,dopo,,,

queste sono sciocchezze my friend,,,

anzi bravo maxlago che la rimessa in evidenza,,,,,
 
l'importante e' che nel medio esca il gain

stefano non fare il permaloso,,,,:D:D:D:D
qua non si scopre niente nessuno,,,,
si segnala solo se un titolo quel giorno/settimana ha un prezzo attraente....
o altresi si continua a tenere la memoria di un titolo per il breve/lungo

mi ricordo la segnalasti su 2,6,,,
comunque in questo mercato,,,,ci vuole estrema selettivita sia negli ingressi e nelle uscite,,

ciao

Paolo


poi se va a 9$ ci ricorderemo tutti di te,,,,,:D:D:D:D:D:D
 
al momento non e' tutto ora quello che luccica

aggiungerei che la trimestrale era Ok,
ma niente di trascendentale,,,
le proiezioni su quest'anno sono decenti,,,
credo che il mercato punti a quello che vogliono fare entro il 2006 con lo scale up del business...

quindi se si compra,,,credo che la scomessa andrebbe fatta sul medio-lungo e non per la bella tradata mensile,,,
anyway,,,queste sono scelte ,,,,

ciao

P
 
Re: l'importante e' che nel medio esca il gain

Scritto da Paolino967
stefano non fare il permaloso,,,,:D:D:D:D
qua non si scopre niente nessuno,,,,
si segnala solo se un titolo quel giorno/settimana ha un prezzo attraente....
o altresi si continua a tenere la memoria di un titolo per il breve/lungo

mi ricordo la segnalasti su 2,6,,,
comunque in questo mercato,,,,ci vuole estrema selettivita sia negli ingressi e nelle uscite,,

ciao

Paolo


poi se va a 9$ ci ricorderemo tutti di te,,,,,:D:D:D:D:D:D


Ho le palle girate per i cavoli miei oggi,e allora mi sfogo sul forum:D
 
Scritto da Mascalzone Latino
menomale che non ti caghiamo mai:D :D :D :)

Per fortuna se no ti staresti fatto il +50% su sim:D
 
Indietro