Quality expects 4Q net income of at least $5.5M

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Quality Distribution on Thursday, Feb. 9, announced that for the three-month period ended Dec. 31, the company expects its total revenue to be about $178.0 million, operating income to be within the range of $13.0 million to $13.3 million and net income to be within the range of $5.5 million to $5.8 million. Quality expects revenue from its energy logistics business to be about $9.8 million.

“Our anticipated fourth-quarter results were in line with our expectations, reflecting the typical seasonal slowdown versus the third quarter, and showed significant improvement in year-over-year earnings,” said Gary Enzor, chief executive officer of Tampa, Fla.-based Quality Distribution. “We are optimistic about our growth prospects for 2012, especially as we expand our entry into the shale energy markets.”