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Consolidated Profit & Loss

DraftFebruary 2026
Line ItemActualBudgetVar ($) Var (%)
Operating Revenue
$58.4M$56.1M+$2.3M+4.1%
Total Operating Revenue
$58.4M$56.1M+$2.3M+4.1%
Cost of Services
$28.3M$26.7M-$1.6M-6.0%
Total Cost of Services
$28.3M$26.7M-$1.6M-6.0%
Gross Margin
$30.1M$29.4M+$0.7M+2.4%
SG&A Expenses
$12.4M$11.8M-$0.6M-5.1%
Total SG&A
$12.4M$11.8M-$0.6M-5.1%
Depreciation & Amortization
$6.2M$5.5M-$0.7M-12.7%
Operating Income
$11.5M$12.1M-$0.6M-5.0%
Non-Operating Items
($3.3M)($3.3M)+$0.0M
Net Income
$8.2M$8.8M-$0.6M-6.8%
Capital Expenditures
($4.2M)($4.0M)+$0.2M+5.0%
Free Cash Flow
$6.8M$7.2M-$0.4M-5.6%

Team Discussion

5
MT
Marcus TranMar 2, 4:30 PM

Sr. Financial Analyst

Revenue variance analysis complete. Container dockage +$1.3M vs budget driven by MSC Asia Express unplanned calls. @Diana Reeves see the Operating Revenue line for detail.

DR
Diana ReevesMar 2, 5:15 PM

CFO

Good catch on the MSC calls. Is this a one-time or recurring pattern? Need to know for the board deck.

MT
Marcus TranMar 2, 5:22 PM

Sr. Financial Analyst

Talking to operations -- @Carlos Medina can you confirm if MSC has added us to their rotation?

CM
Carlos MedinaMar 2, 6:10 PM

Operations Analyst

Confirmed with terminal ops. MSC added Bayport as alternate to LA/Long Beach due to congestion. Expect 2-3 extra calls/month through Q2.

JO
Janet OkoroMar 3, 9:00 AM

Package Coordinator

Action Required

@Marcus Tran please update the commentary to reflect the MSC rotation info before I submit to Diana for review.

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