2023-03-16 01:01:34 ET
- ZTO Express press release ( NYSE: ZTO ): Q4 Non-GAAP EPADS of $0.37 misses by $0.01 .
- Revenue of $1.43B (-2.1% Y/Y) misses by $20M .
- Adjusted EBITDA was $492.6M, an increase of 24.0% from the same period of 2021.
- Net cash provided by operating activities was $546.6 million.
- Parcel volume was 6,593 million, an increase of 3.9% from 6,343 million in the same period of 2021.
- Number of pickup/delivery outlets was over 31,000 as of December 31, 2022.
- Number of direct network partners was approximately 5,900 as of December 31, 2022.
- Number of self-owned line-haul vehicles was over11,000 as of December 31, 2022.
- Outlook: Based on current market conditions and current operations, the Company's parcel volume for 2023 is expected to be in the range of 28.78 billion to 29.75 billion, representing a 18% to 22% increase year over year. Relative to the entire industry performance, the Company is confident to achieve at least 1.5 percentage point increase in its market share for the entire year. Such estimates represent management's current and preliminary view, which are subject to change.
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ZTO Express reports Q4 earnings miss; initiates FY23 outlook