Dynamex Reports Improved 3Q Profit

Logistics and delivery firm Dynamex Inc. said its fiscal third-quarter profit was $3.8 million, or 37 cents a share, up from $3.5 million, or 33 cents, a year earlier.

Sales for the fiscal quarter ended April 30 rose 9.1% to $113 million, the company said late Wednesday. Operating income rose 11.1.% to $6 million.

For the fiscal year, the company’s sales will grow 10% to 11%, and net income per share will be $1.48 to $1.52 per share, Chairman and Chief Executive Officer Rick McClelland said in a statement. That is up from previous guidance of $1.45 to $1.55 per share.

Dynamex, which provides same-day delivery services, is ranked No. 75 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.