HOUSTON, April 16 /PRNewswire-FirstCall/ -- EGL, Inc. (Nasdaq: EAGL)
reaffirmed its first quarter and 2003 total year projections based on
expectations of a stable global economy and environment. EGL expects first
quarter diluted earnings per share to be $0.04-$0.06, compared to a loss in
the same quarter last year of $0.08 per diluted share (which included a
$0.09 per share charge on its investment in Miami Air and a one-time benefit
of $0.03 per share from temporary salary reductions). For total year 2003,
EGL expects diluted earnings per share between $0.65 to $0.75, compared to
$0.20 in 2002.
EGL, Inc. plans to announce first quarter earnings on May 13, 2003.
EGL, Inc. plans to host a meeting in Houston, Texas for shareholders and
the investing community on Thursday, April 17, 2003 beginning at 8:30 a.m.
Central time to discuss its long-term business strategy. The meeting will be
available through live webcast on the company's website, http://www.eaglegl.com , on
the Investor Relations page.
Houston-based EGL, Inc. operates under the name EGL Eagle Global
Logistics. EGL is a leading global transportation, supply chain management
and information services company dedicated to providing superior flexibility
and fewer shipping restrictions on a price competitive basis. With 2002
revenues of $1.9 billion, EGL's services include air and ocean freight
forwarding, customs brokerage, local pickup and delivery service, materials
management, warehousing, trade facilitation and procurement, and integrated
logistics and supply chain management services. The Company's shares are
traded on the Nasdaq National Market under the symbol "EAGL".
CAUTIONARY STATEMENTS
The statements in this press release (and statements in the conference
referred to above) regarding projected first quarter and total year results,
which are not historical facts, are forward looking statements. Such
statements involve risks and uncertainties, including, but not limited to,
general economic conditions, effect of cost-reductions and infrastructure
improvements, results of litigation, the timing and effects of any
improvements in the regions and industry sectors in which the Company's
customers operate, competition, ability to manage and continue growth, and
other factors detailed in the Company's 2002 Form 10-K, proxy
statement/prospectus and other filings with the Securities and Exchange
Commission. Should one or more of these risks or uncertainties materialize
(or the consequences of such a development worsen), or should underlying
assumptions prove incorrect, actual outcomes may vary materially from those
forecasted or expected. The Company disclaims any intention or obligation to
update publicly or revise such statements, whether as a result of new
information, future events or otherwise.
SOURCE EGL, Inc.
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Related links:
http://www.eaglegl.com
CONTACT:
Elijio Serrano, Chief Financial Officer of
EGL, Inc., +1-281-618-3665
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