{"id":20770,"date":"2012-02-13T12:53:00","date_gmt":"2012-02-13T12:53:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/student-transportation-q2-operating-results-of-our-fy-2012-reflect-the-steady-increases-associated-with-our-business-model\/20769\/"},"modified":"2012-02-13T12:53:00","modified_gmt":"2012-02-13T12:53:00","slug":"student-transportation-q2-operating-results-of-our-fy-2012-reflect-the-steady-increases-associated-with-our-business-model","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/student-transportation-q2-operating-results-of-our-fy-2012-reflect-the-steady-increases-associated-with-our-business-model\/20770\/","title":{"rendered":"Student Transportation &#8211; Q2 operating results of our FY 2012 reflect the steady increases associated with our business model"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><strong>Student Transportation Inc (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=STB\">Nasdaq:STB<\/a>)<\/strong> reported financial results for the second quarter of fiscal year 2012 ended December 31, 2011.<\/p>\n<p>&#8220;The second quarter operating results of our 2012 fiscal year reflect the steady increases associated with our business model,&#8221; said Denis J. Gallagher, Chairman and Chief Executive Officer. &#8220;Revenues for the quarter increased 24.4% while EBITDA* increased 19.5%, primarily from the continued execution of our growth strategy. Net income for the quarter was $1.3 million inclusive of fluctuations in currency and timing on non-cash compensation charges. Our second quarter interim revenue and EBITDA growth are again in the 20% range, despite the year over year increase in market fuel prices of approximately 30%. We had just under a $1.0 million revenue deferral related to weather and school calendar day timing for the current interim period. As usual, we expect to make up weather related deferrals in subsequent quarters this fiscal year.&#8221;<\/p>\n<p>The Company reported revenue for the second quarter of fiscal year 2012 increased to $101.1 million, from $81.3 million and EBITDA for the second quarter of fiscal year 2012 increased to $23.7 million, from $19.8 million for the same period last year.\u00a0STI reported net income of $1.3 million or $0.02 per common share for the second quarter of fiscal year 2012.\u00a0Net income for the second quarter of fiscal year 2011 was $2.9 million or $0.05 per common share.\u00a0The decrease in net income for the second quarter of fiscal year 2012 is primarily due to the timing of non-cash compensation expense for each interim period, combined with lower unrealized gains on derivative contracts in the second quarter of fiscal year 2012 compared to the same period last year.<\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>On November 15, 2011, the Company announced it had signed an agreement to acquire Dairyland Buses, Inc. and related companies, a long standing regional school bus contractor in Wisconsin.\u00a0The Company has received the final requisite regulatory approval, and the acquisition was completed effective November 15, 2011.\u00a0The acquisition adds over 700 vehicles and five locations to the Company&#8217;s existing Midwest operations.<\/p>\n<p>&#8220;In June 2011, we issued the US dollar denominated 6.25% convertible debentures due to the fact that a majority of our revenues and cash flows are in US dollars,&#8221; added Gallagher. &#8220;At the time we thought this was a good business decision, and we still do. \u00a0The issuance of these convertible debentures in US dollars results in two accounting impacts on our net income that have nothing to do with our operating results for the periods presented.\u00a0These two accounting impacts are non-cash adjustments that will not impact the US dollar principal balance of the 6.25% convertible debentures at maturity, with the current loss on the conversion feature ultimately reversing itself through the income statement over the remaining term.&#8221;<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-in-red-on-retail-sales-data\/20849\"><br \/>\nStocks in Red on Retail Sales Data<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/snap-interactive-recognizing-and-leveraging-opportunities\/20847\"><br \/>\nSNAP Interactive &#8211; Recognizing and leveraging opportunities<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/natural-alternatives-twelfth-consecutive-quarter-of-operational-earnings-while-remaining-debt-free\/20846\"><br \/>\nNatural Alternatives &#8211; Twelfth consecutive quarter of operational earnings, while remaining debt free<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/capital-one-awaiting-fed-verdict-on-ing-direct-purchase\/20844\"><br \/>\nCapital One Awaiting FED Verdict on ING Direct Purchase<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/regal-entertainment-down-after-top-line-miss\/20843\"><br \/>\nRegal Entertainment Down after Top Line Miss<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-lower-in-early-trading-4\/20840\"><br \/>\nStocks Lower in Early Trading<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-and-silver-prices-marginally-lower-in-early-trading\/20838\"><br \/>\nGold and Silver Prices Marginally Lower in Early Trading<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Student Transportation Inc (Nasdaq:STB) reported financial results for the second quarter of fiscal year 2012 ended December 31, 2011. &#8220;The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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