Stock Monitor: ZTO Express (Cayman) Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 18, 2017 / Active-Investors free earnings report on Air Transport Services Group, Inc. (NASDAQ: ATSG) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=ATSG. The Company posted its financial results on November 06, 2017, for the third quarter fiscal 2017. The provider of medium wide-body aircraft leasing, air cargo transportation, and related services' adjusted EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:

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Active-Investors.com is currently working on the research report for ZTO Express (Cayman) Inc. (NYSE: ZTO), which also belongs to the Services sector as the Company Air Transport Services Group. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Air Transport Services Group most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

www.active-investors.com/registration-sg/?symbol=ATSG

Earnings Highlights and Summary

For three months ended September 30, 2017, Air Transport's revenue increased 31.5% to $254.10 million from $193.26 million in Q3 FY16. The Company's revenue was below analysts' expectations of $255.82 million.

During Q3 FY17, Air Transport's earnings before interest, tax, depreciation, and amortization (EBITDA) decreased 47% to $21.15 million from $39.92 million in the same period last year. For the reported quarter, the Company's EBITDA margin decreased 1,240 basis points to 8.3% of revenue from 20.7% of revenue in the third quarter of last year.

During Q3 FY17, Air Transport's adjusted EBITDA increased 26.7% to $65.94 million from $52.03 million in the same period last year. For the reported quarter, the Company's adjusted EBITDA margin decreased 90 basis points to 26% of revenue from 26.9% of revenue in the third quarter of last year.

For the reported quarter, the Company's total operating expenses increased 31.5% to $235.18 million from $178.81 million in Q3 FY16.

During Q3 FY17, Air Transport's operating income increased 30.8% to $18.92 million from $14.46 million in the same period last year. For the reported quarter, the Company's operating margin decreased 10 basis points to 7.4% of revenue from 7.5% of revenue in the third quarter of last year. During Q3 FY17, Air Transport's earnings before tax (EBT) was negative $20.77 million compared to positive $3.12 million in the same period last year.

For the reported quarter, Air Transport's net loss was $28.23 million compared to net income of $2.12 million in Q3 FY16. During Q3 FY17, the Company's diluted EPS was negative $0.48 compared to positive $0.04 in the same period last year. For the reported quarter, Air Transport's adjusted net income increased 71.7% to $14.89 million on a y-o-y basis from $8.67 million in Q3 FY16.

During Q3 FY17, the Company's adjusted diluted EPS increased 57.1% to $0.22 on a y-o-y basis from $0.14 in the same period last year. For the reported quarter, adjusted EPS calculation included 9.9 million shares related to the Amazon's warrants compared to 3.3 million shares in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of $0.21.

Air Transport Services' Segment Details

Cargo Aircraft Management (CAM) -During Q3 FY17, the CAM segment's revenue increased 26.1% to $58.47 million from $46.35 million in the same period last year. For the reported quarter, the segment's EBT increased 20.7% to $19.45 million from $16.11 million in Q3 FY16. The increase was due to additional leased aircraft in service and higher revenues for engine maintenance services. As on September 30, 2017, the segment had 74 Boeing cargo aircraft, of which sixty-six cargo aircraft were in service, including fifty-eight 767s.

ACMI - During Q3 FY17, the ACMI segment's revenue increased 14.2% to $146.94 million from $128.70 million in the same period last year. For the reported quarter, the segment's EBT was negative $5.22 million compared to negative $9.69 million in Q3 FY16.

Balance Sheet

As on September 30, 2017, Air Transport's cash and cash equivalents increased 229.4% to $53.89 million from $16.36 million on December 31, 2016. For the reported quarter, the Company's long-term debt increased 10.4% to $473.92 million from $429.42 million in Q4 FY16

For the reported quarter, the Company's net accounts receivable decreased 15.1% to $65.56 million from $77.25 million in Q4 FY16. For the reported quarter, the Company's accounts payable increased 24.9% to $75.82 million from $60.70 million in the fourth quarter of 2016.

Outlook

For FY17, the Company expects EBITDA to be $260 million and capital expenditure to be $335 million.

Stock Performance Snapshot

December 15, 2017 - At Friday's closing bell, Air Transport Services Group's stock rose 2.30%, ending the trading session at $23.59.

Volume traded for the day: 596.30 thousand shares, which was above the 3-month average volume of 540.48 thousand shares.

Stock performance in the last month ? up 4.43%; previous three-month period ? up 0.77%; past twelve-month period ? up 40.25%; and year-to-date ? up 47.81%

After last Friday's close, Air Transport Services Group's market cap was at $1.38 billion.

The stock is part of the Services sector, categorized under the Air Delivery & Freight Services industry. This sector was up 0.7% at the end of the session.

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