Exhibit 99.1


talogoimage.jpg
FOR IMMEDIATE RELEASE
Contact:
Katie Strohacker, Senior Director of Investor Relations
(617) 796-8251
www.ta-petro.com
TravelCenters of America Inc. Announces Second Quarter 2019 Financial Results
Second Quarter Fuel Sales Volume Increased 3.3%
Fuel Gross Margin Increased 3.3%

 
Westlake, OH (August 5, 2019): TravelCenters of America Inc. (Nasdaq: TA) today announced financial results for the three and six months ended June 30, 2019:
(in thousands, except per share amounts)
Three Months Ended
June 30,
 
Six Months Ended
June 30,
2019
 
2018
 
2019
 
2018
Income (loss) from continuing operations
$
1,209

 
$
8,638

 
$
(11,520
)
 
$
2,611

Net income (loss)
1,209

 
(33,924
)
 
(11,520
)
 
(44,002
)
Net income (loss) attributable to common shareholders
1,178

 
(33,978
)
 
(11,569
)
 
(44,090
)
 
 
 
 
 
 
 
 
Income (loss) per common share from continuing
   operations attributable to common shareholders
   (basic and diluted)(1)
$
0.15

 
$
1.07

 
$
(1.43
)
 
$
0.32

 
 
 
 
 
 
 
 
Non-GAAP Measures:(2)
 
 
 
 
 
 
 
Adjusted income (loss) from continuing operations
$
1,209

 
$
1,996

 
$
(13,355
)
 
$
(20,141
)
Adjusted income (loss) per common share from
   continuing operations attributable to common
   shareholders (basic and diluted)(1)
$
0.15

 
$
0.24

 
$
(1.66
)
 
$
(2.53
)
EBITDA
$
31,184

 
$
37,697

 
$
44,997

 
$
56,133

Adjusted EBITDA
31,184

 
29,444

 
42,544

 
26,486

(1)
Income (loss) per common share from continuing operations attributable to common shareholders has been retrospectively adjusted to reflect the reverse stock split of TA's outstanding common shares effective August 1, 2019, which is described further below.
(2)
Reconciliations from income (loss) from continuing operations and income (loss) per common share from continuing operations attributable to common shareholders, as applicable, the financial measures determined in accordance with U.S. generally accepted accounting principles, or GAAP, to the non-GAAP measures disclosed herein are included in the supplemental tables below.
Andrew J. Rebholz, TA's CEO, made the following statement regarding the 2019 second quarter results:
"We believe that through the first six months of 2019 our strategy to refocus our efforts on our core travel center operations have been successful, including in the second quarter despite cooler, wetter temperatures that generally tempered demand for our truck service business. We have generated increases in both fuel sales volume and nonfuel revenues on both a consolidated and same site basis, and the modest growth in our site level operating expenses and adjusted selling, general and administrative expenses are in line with expectations given our future growth plans.

1

The following information was filed by Travelcenters Of America Llc (TA) on Monday, August 5, 2019 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.

View differences made from one quarter to another to evaluate Travelcenters Of America Llc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Travelcenters Of America Llc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account