Login

USA TRUCK INC

usa-truck.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2022 10-Q, filed Aug 8, 2022. Its latest SEC filing is a SC 13G/A from Feb 10, 2023.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Provides truckload and dedicated freight transportation, plus brokerage and logistics services that include rail intermodal, for shippers.

How Did They Make Money?

Shippers pay for freight transportation, fuel surcharges and add-on services; most transportation work is completed over a short period.

revenue
SegmentShareRevenue
Freight
Sold outright

88%
FY2018: 86%
Fuel Surcharge
Sold outright

9.7%
FY2018: 12%
Accessorial
Sold outright
2.0%
FY2018: 1.7%

Who Were Their Customers?

The company prefers direct relationships with shippers, though some high-volume shippers require it to work through designated logistics providers. Its logistics business also serves trucking customers by arranging capacity from outside carriers.

Customers above 10% of revenue, FY2021
of revenue from one customer
FY2020: 11% from one customer

Did Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in FY2021 and turned 3 cents into free cash flow.

Operating income, FY2021
5% of revenue
▲ +190% vs FY2020 ($12.9M, 2%)
Net income, FY2021
3% of revenue
▲ +422% vs FY2020 ($4.7M, 1%)
Free cash flow, FY2021
3% of revenue
▼ −15% vs FY2020 ($26.8M, 5%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q2 FY2022, the three months to Jun 30, 2022
Revenue
▲ +19%
vs $170M in Q2 FY2021
Net income
▼ −24%
vs $4.2M in Q2 FY2021
Freight share of revenue vs 87.9% in Q2 FY2021
  • Sep 15, 2022 Merger closed; Nasdaq trading stopped and delisting was requested Each share was converted into the right to receive $31.72 in cash, and the company became a wholly owned subsidiary.

Grew. Revenue grew 59% in 4 years, from $446.5M in FY2017 to $710.4M in FY2021, about 12% a year.

Revenue over time
Freight Fuel Surcharge Accessorial
$1B$500M$0

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support