Celadon Group Inc. announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company's total revenue was $148,112,000 compared to $144,200,000 for the same period in 2011. Operating income was $12,591,000 compared to $9,813,000 for the same period in 2011. Income before income taxes was $11,735,000 compared to $8,544,000 for the same period in 2011. Net income was $7,380,000 or $0.32 per diluted share compared to $5,455,000 or $0.24 per diluted share for the same period in 2011.

For the six months, the company's total revenue was $301,409,000 compared to $288,159,000 for the same period in 2011. Operating income was $27,731,000 compared to $20,220,000 for the same period in 2011. Income before income taxes was $25,347,000 compared to $17,864,000 for the same period in 2011. Net income was $15,641,000 or $0.67 per diluted share compared to $10,913,000 or $0.48 per diluted share for the same period in 2011.

The company announced that the Board of Directors has approved a regular cash dividend to shareholders for the quarter ending March 31, 2013. The quarterly cash dividend of $0.02 per share of common stock will be payable on April 16, 2013 to shareholders of record at the close of business on April 4, 2013.

The company provided earnings guidance for 2013. Free cash flow is about $65 million. The net CapEx requirements, net of any kind of leasing, is probably about $30 million between now and end of June. Cash from operations is about
$25 million to $30 million.