AutoChina International Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $71,183,000 against $158,441,000 a year ago. Income from operations was $3,757,000 against loss from operations of $1,606,000 a year ago.

Income before income taxes was $3,773,000 against loss before income taxes of $1,573,000 a year ago. Net income was $2,666,000 or $0.11 per basic and diluted share against net loss of $2,599,000 or $0.11 per basic and diluted share a year ago. Cash provided by operating activities was $9,439,000 against cash used in operating activities of $18,351,000 a year ago.

Purchase of property, equipment and leasehold improvements was $1,383,000 against $3,419,000 a year ago. Adjusted EBITDA, which is EBITDA excluding stock-based compensation and the previously mentioned one-time litigation expense, increased 14.4% to $9.9 million for the quarter ended March 31, 2015, compared to $8.7 million in the prior-year quarter.