CST Brands Delivers Mixed Q4

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CST Brands Inc

27% profit every 20 days?

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(NYSE: CST) reported its

fourth quarter results on Friday. The company said that it earned $0.55 per share on revenue of $2.107 billion while Wall Street analysts were expecting the company to earn $0.45 per share on revenue of $2.52 billion.CST Brands' stock showed no trades early Friday morning.Net income for the quarter fell to $25 million from $94 million in the same quarter a year ago. The company noted that its income included asset impairment charges, acquisition expenses, legal expanses, professional fees and the net effect on repatriation of $16 million in cash. Excluding these items, net income for the quarter would have totaled $42 millionCST Brands added that its motor fuel gross profit per gallon in the U.S. was $0.19 compared to $0.32 in the same quarter a year ago, primarily due to "steeper declining crude oil and wholesale gasoline pricing environment." In Canada, motor fuel gross profit per gallon fell to $0.22 from $0.24 a year ago."CST enjoyed strong fuel margins in the fourth quarter of 2015, but fuel margins were even stronger in the fourth quarter 2014, resulting in lower fourth quarter 2015 results when compared to 2014. CST still delivered strong results in 2015, primarily due to the continued improvement in our merchandise profitability," said Kim Lubel, Chairman and CEO of CST Brands. "We continue to focus on growing our business, organically and through strategic acquisitions. We recently closed on the Flash Foods acquisition and opened 42 new stores during 2015. Last year's success was due largely to the dedication and commitment of our over 14,000 employees. I am grateful for their support and contributions to our business."