Question-and-Answer Session
Operator
(Operator Instructions) and we have our first question from Michael Rehaut at JP Morgan; please go ahead.
Jennifer Kensoli – JP Morgan
Hi, it’s [Jenn Kensoli] on the line for Mike, good morning. My first question is, those last comment that you made regarding the breakeven EBITDA levels in March; can you talk about what was the driver of that and what you are seeing in the market?
Floyd Sherman
I think the key thing is we saw a slight seasonality. Our sales per day in March picked up about 6.7% compared to December, so I wouldn’t attribute it to anything more than just a flat seasonal pickup. Our cost structure is very sensitive to just small changes in revenues and so I think that revenue pickup with some of the cost reductions we have made contributed to that March getting close.
Jennifer Kensoli – JP Morgan
Okay and my second question was regarding the share gains; they accelerated this quarter versus last quarter which is the first time in several quarters that has. I think on your last conference call you had mentioned that you were pulling the credit in on some of your customers and that you suffered or you gave up some market share gains as a result of that and can you talk about that and may be what you are seeing and what drove that sequential acceleration in share gains?
Floyd Sherman
I think that we continue to be somewhat tight on our credit. We won’t be very prudent to mention during this down turn, so I think that that call is true but I think what we are seeing more so in the first quarter of this year than last year is we are seeing more competitors start to leave the market, more capacity dropping out of the markets and I think that gives us a little bit better ability to increase share and maintain our tight credit standards.
Operator:
Our next question goes to Nissam Sood at Deutsche Bank.
Nissam Sood - Deutsche Bank
First question I wanted to ask was you mentioned that in terms of your staffing levels I imagine now that you’re branch locations and the headquarters, you’re kind of approaching a core level. There is still the potential here though as I am sure you are planning for as well, for a start do they continue to fall even further than they have already, so how would you adjust the scaling of your business further if conditions do continue to deteriorate. I imagine would that involve for example more facilities closures or what’s your plan to kind of deal with that type of environment?
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