Dynamex’s Fourth-Quarter, Yearly Income Fall

Logistics and delivery firm Dynamex Inc.’s fiscal fourth-quarter profit fell to $1.8 million, or 18 cents a share, from $4.6 million, or 45 cents, a year ago.

For the fiscal year ended July 31, profit fell to $14.3 million, or 89 cents per share, from $25.5 million, or $1.55, the previous year.

Sales for the quarter fell 18.7% to $96.9 million, the company said Wednesday. Sales for the year fell 11.8% to $402.1 million.

The earnings for both the fourth quarter and the year include a pre-tax $1.1 million restructuring charge from moving the company's Canadian administrative office to Dallas from Toronto and related actions, Dynamex said.

Dynamex, which provides same-day delivery services, is ranked No. 70 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.