Air Transport Services Group, Inc. provides air cargo transportation and related services for various customers, including express delivery companies and air freight operators. The company operates a fleet of aircraft and offers solutions such as aircraft leasing, freight handling, and ground services. Through its subsidiaries, ATSG plays a crucial role in the logistics and supply chain industry by supporting both domestic and international cargo operations, ensuring efficient and timely delivery of goods across different markets. Their expertise in aviation and logistics enables them to tailor services to meet the unique needs of their clients, fostering growth in the ever-evolving air transport sector.
The air freight and cargo industry has been grappling with supply-chain disruptions, a challenging macroeconomic environment, and weaker-than-expected demand. Despite this, the space still has fuel left in the tank. Here are stocks to keep an eye on.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Union Pacific (NYSE:UNP) and its peers.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the air freight and logistics industry, including GXO Logistics (NYSE:GXO) and its peers.
Let’s dig into the relative performance of Air Transport Services (NASDAQ:ATSG) and its peers as we unravel the now-completed Q3 air freight and logistics earnings season.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the air freight and logistics stocks, including Expeditors (NYSE:EXPD) and its peers.
Air cargo transportation and logistics provider Air Transport Services Group (NASDAQ:ATSG) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 9.9% year on year to $471.3 million. Its non-GAAP profit of $0.13 per share was also 24.4% below analysts’ consensus estimates.
Shares of air cargo transportation and logistics provider Air Transport Services Group (NASDAQ:ATSG)
jumped 27% in the afternoon session after the company agreed to be acquired by investment firm Stonepeak in an all-cash deal valued at approximately $3.1 billion.
The acquisition price represents a 29% premium to the company's closing stock price before any news or speculation of the acquisition was known.
ATSG stock results show that Air Transport Services Gr beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.
ATSG stock results show that Air Transport Services Gr beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.
