Exhibit 99.1




Jeff Misakian

Global Vice President, Investor Relations

(562) 552-9417




Long Beach, Calif., March 22, 2012

– UTi Worldwide Inc. (NASDAQ: UTIW) today reported financial results for its fiscal 2012 fourth quarter ended January 31, 2012.

Fiscal Fourth Quarter 2012 vs. 2011 Results:



Revenues were $1,153.6 million, an increase of 0.7 percent from $1,145.1 million.



Net revenues (revenues minus purchased transportation costs) were $406.5 million, an increase of 0.5 percent from $404.5 million.



Net income attributable to UTi Worldwide Inc. was $12.4 million, or $0.12 per diluted share, in the fourth quarter of fiscal 2012, compared to $14.5 million, or $0.14 per diluted share.



Adjusting for intangible asset impairment, severance and other charges, adjusted net income attributable to UTi Worldwide Inc. was $20.3 million, or $0.20 per diluted share in the fiscal 2012 fourth quarter.



All references to adjusted items in this release refer to non-GAAP results. A reconciliation of GAAP to these non-GAAP results is provided in the supplemental financial information attached to this release.

Eric W. Kirchner, chief executive officer, said, “It is encouraging that we were able to deliver a solid operating result in the fourth quarter in a difficult environment. On an adjusted basis, operating profit grew 24 percent and net income rose 39 percent compared to last year’s fourth quarter. As expected, the strengthening of the U.S. dollar, particularly against the South African rand, had a negative impact on revenue growth in the period. On an organic basis (excluding currency effects), net revenues increased 5.8 percent in the quarter primarily due to increased activity in contract logistics and distribution and higher net revenue per unit of cargo in freight forwarding. Volumes in freight forwarding were weak in our fourth quarter, particularly in the month of January, due to a soft market and the timing of Chinese New Year. Despite a challenging environment last year, operating results improved, cash flow increased, and we made good progress in our transformation activities.”


Page 1 of 16

The following information was filed by Uti Worldwide Inc (UTIW) on Thursday, March 22, 2012 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Uti Worldwide Inc'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-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Uti Worldwide Inc.


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.


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.


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


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


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


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


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


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


Log in with your credentials


Forgot your details?

Create Account