YRC Worldwide said its fourth-quarter and full-year losses narrowed from a year ago, and the company reported its first full-year positive operating income in six years.
Fourth-quarter operating income was $30 million, reversing a loss of $38.2 million in that period in 2011. Operating income excludes interest and taxes.
YRC’s full-year operating income was $24.1 million, compared with a $138.2 million loss in 2011. Revenue for the year was flat at almost $4.9 billion.
Its fourth-quarter net loss was $35.3 million, or 4.53 per share, compared with a loss of $84.2 million, or $12.40, a year ago. Revenue slipped to $1.17 billon from $1.21 billion.
For the year, the company lost $140.4 million, compared with a loss of $409 million a year ago.