Echo Global Logistics, Inc. (ECHO) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Earnings Press Release
10-Q Quarterly Report
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Echo Global Logistics, Inc.
Ticker: ECHO CIK: 1426945

Exhibit 99.1

October 24, 2018

Echo Global Logistics Reports Record Third Quarter Revenue; Up 27% Year over Year

CHICAGO, Oct. 24, 2018 (GLOBE NEWSWIRE) -- Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation management services, today reported financial results for the quarter ended September 30, 2018.

"We have achieved our sixth quarter in a row with record revenue, while at the same time improving profitability," said Doug Waggoner, Chairman of the Board of Directors and Chief Executive Officer at Echo. "The combination of our highly integrated technology and talented team continues to drive value for our shippers and carriers."

Third Quarter 2018 Highlights


•	Revenue increased 26.6% to $644.8 million from the third quarter of 2017


•	Truckload ("TL") (includes Partial TL) revenue increased 28.3% and less than truckload ("LTL") revenue increased 22.6% from the third quarter of 2017


•	Transactional revenue increased 27.2% to $510.3 million and Managed Transportation revenue increased 24.1% to $134.5 million from the third quarter of 2017


•	Net revenue⁽¹⁾ increased 28.3% to $111.2 million from the third quarter of 2017


•	Net income increased to $9.4 million, compared to $2.4 million in the third quarter of 2017


•	Fully diluted EPS increased to $0.33 in the third quarter of 2018; non-GAAP fully diluted EPS⁽¹⁾ increased to $0.55 in the third quarter of 2018


•	Adjusted EBITDA⁽¹⁾ grew 68.3% to $28.2 million, compared to $16.8 million in the third quarter of 2017

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⁽¹⁾Represents a non-GAAP financial measure. For the definition and a discussion of each non-GAAP financial measure contained in this release, see "Non-GAAP Financial Measures." For a reconciliation of each non-GAAP financial measure to the nearest comparable GAAP financial measure, see the "Reconciliation of Non-GAAP Financial Measures" section of this Press Release.

The following information was filed by Echo Global Logistics, Inc. (ECHO) on Wednesday, October 24, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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