secwatch / observer
8-K filed August 9, 2023, 7:59 PM ET CIK 0000716006
other material confidence high sentiment negative materiality 1.00

Yellow Corp: Nasdaq/NYSE listing notice — Yellow Corp files Chapter 11 bankruptcy; Nasdaq to delist stock Aug 16

Yellow Corp

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Yellow Corp reported the second quarter ended June 30, 2023 results: revenue $1.127 billion, net income $14.7 million, EPS $0.28 per share.

Period
the second quarter ended June 30, 2023
Revenue
$1.127 billion
Net income
$14.7 million
EPS
$0.28 per share
Result
reported results
Exact text from the filing
Operating revenue was $1.127 billion and operating income was $38.9 million which included a $75.9 million gain on property disposals. In comparison, operating revenue in the second quarter of 2022 was $1.424 billion and operating income was $99.2 million which included a $3.2 million net gain on property disposals. Net loss for second quarter 2023 was $14.7 million, or $0.28 per share, compared to net income of $60.0 million, or $1.17 per share in the second quarter 2022.
View on SEC.gov
Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Yellow Corp received a nasdaq delisting notice notice regarding other (rules 101, 5110(b), IM-5101-1).

Exchange
nasdaq
Notice
delisting notice
Rules
101, 5110(b), IM-5101-1
Exact text from the filing
August 7, 2023, the Company was notified by the Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) that it commenced proceedings to delist the common stock of the Company, par value $0.01 (the “Common Stock”) pursuant to Nasdaq Listing Rules 101, 5110(b) and IM-5101-1, and has determined that the Common Stock will be delisted from the Nasdaq due to the Company’s filing of a voluntary cases under Chapter 11 of the Bankruptcy Code. The Company does not intend to appeal the determination and, therefore, it is expected that its Common Stock will be delisted, which
View on SEC.gov

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Source: SEC EDGAR
accession 0000950170-23-040179
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