Question-and-Answer Session
Operator
Your first question comes from Edward Wolfe - Bear Stearns
Edward Wolfe - Bear Stearns
Good morning Bruce, good morning Rodney. Can you just go a little bit over the revenue guidance for first quarter of 8% to 12% coming from 23% with having Black Hawk for the whole quarter now, you talked a little bit on the pooling side about the earnings being less strong I think in the first quarter from the fourth seasonally, can you talk about the revenue side of it.
Rodney Bell
Let’s correct it, the 8% to 12% Ed is without regard to Forward Air Solutions because there’s no comp last year. That would just be kind of a crazy number and especially since we’re anticipating a break even to $0.01 per share on the EPS contributed from that, we’re just excluding that until we get a little more experience under our belt.
Edward Wolfe - Bear Stearns
Okay and excluding it, its just zero basically in that line.
Rodney Bell
Right.
Edward Wolfe - Bear Stearns
Okay. Just from a seasonality standpoint, it should be less than fourth quarter, the question is where it falls out is that the issue?
Rodney Bell
That’s the issue. We only had, the only other experience that we had with Solutions was the months of August and September in the third quarter and even annualizing that we’re anticipating the first quarter being less. We were told going in that the way to look at the pool distribution business is from a total revenue standpoint that you would receive 20%, 20% and 20% in Q1 through Q3 and then the remaining 40% in the fourth quarter. We’re going to wait and see.
Edward Wolfe - Bear Stearns
Okay, that’s helpful though. Can you talk a little bit to Kitty Hawk Bruce and what is the type of business that you took, can you quantify you know how much that was and is there still stuff coming on that maybe you looked at that, it was the wrong price, you gave them a higher price, it walks away and then it comes back?
Bruce Campbell
There was a lot of their business that as I think we tried to explain to others that for various reasons we just simply didn’t want it. It didn’t fit into our network. It was in some cases very low priced. In other cases we did not want to extend the operating capabilities of our company to do what they were doing. You know they had to run their company we run ours. We think we were able to bring on each of business segments that we wanted and segments is probably a bad word, each of the business customers that we really wanted, you know we had them clearly identify and when they shut down we went after it. And in most cases we were successful in doing that.
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