EGL, Inc. Revises Earnings Guidance

EGL, Inc. Revises Earnings Guidance 


HOUSTON, Oct. 27  /PRNewswire-FirstCall/ -- EGL, Inc.  announced that it expects
to report fully diluted earnings per share for the third quarter of 2003 of
$0.12, compared to earlier management guidance of $0.18 to $0.20.  Diluted
earnings per share for the third quarter of 2002 were $0.12.

"Airline price increases out of Asia were not matched with corresponding
increases to EGL's customers due to weak air freight demand, resulting in an
impact to earnings per share of approximately $0.05," explained James R. Crane,
Chairman and Chief Executive Officer.  "This slow start to the normally
seasonally strong August-September period offset continued improvements from
North America volumes and improvements from the logistics projects in Europe.
Additionally, a settlement with Kitty Hawk, Inc., a wholesale transportation
provider, stemming from an August, 2001 dispute was resolved through arbitration
during the quarter and unfavorably impacted our results by $2.3 million."

Gross revenue for the third quarter of 2003 increased 15% from the third quarter
of last year, while net revenue increased 7%.  Net revenue margins deteriorated
110 basis points to 34.1% from the second quarter of this year and by 240 basis
points from the third quarter of last year on the impact from the Asia pricing
and the arbitration settlement.

Earnings Conference Call

EGL, Inc. plans to host a conference call for shareholders and the investing
community on November 11, 2003 at 11 a.m. Eastern time (8 a.m. Pacific) to
review results for the quarter ended September 30, 2003.  The call can be
accessed by dialing [phone], access code 692215 and is expected to last
approximately 60 minutes.  Callers are requested to dial in at least 5 minutes
before the start of the call.  The call will also be available through live
webcast on the company's website, http://www.eaglegl.com/ , on the Investor
Relations page.  An audio replay will be available until Tuesday, November 25,
2003 at [phone], access code 692215.

Houston-based EGL, Inc. operates under the name EGL Eagle Global Logistics.  EGL
is a leading global transportation, supply chain management and information
services company dedicated to providing superior flexibility and fewer shipping
restrictions on a price competitive basis.  With 2002 revenues exceeding $1.86
billion, EGL's services include air and ocean freight forwarding, customs
brokerage, local pickup and delivery service, materials management, warehousing,
trade facilitation and procurement, and integrated logistics and supply chain
management services.  The Company's shares are traded on the NASDAQ National
Market under the symbol "EAGL".

CAUTIONARY STATEMENTS

The statements in this press release (and statements in the conference call
referred to above) regarding initiatives in North America, Asia and Europe,
third quarter and total year results and diluted earnings per share, and other
statements which are not historical facts, are forward looking statements.  Such
statements involve risks and uncertainties including, but not limited to,
general economic conditions, the results of litigation, the timing and effects
of any improvements in the regions and industry sectors in which the Company's
customers operate, infrastructure improvements, ability to manage and continue
growth, competition and other factors detailed in the Company's 2002 Form 10-K,
proxy statement/prospectus and other filings with the Securities and Exchange
Commission.  Should one or more of these risks or uncertainties materialize (or
the consequences of such a development worsen), or should underlying assumptions
prove incorrect, actual outcomes may vary materially from those forecasted or
expected.   The Company disclaims any intention or obligation to update publicly
or revise such statements, whether as a result of new information, future events
or otherwise. 

DATASOURCE: EGL, Inc.



CONTACT:  Elijio Serrano, Chief Financial Officer of EGL, Inc.,

[phone]



Web site:  http://www.eaglegl.com/ 

Copyright