secwatch.observer — SEC 8-K summary
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Issuer:     HEARTLAND EXPRESS INC (HTLD)
CIK:        0000799233
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0000799233-22-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heartland Express posts record Q3 revenue of $274M; net income flat at $24.4M
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- Q3 2022 operating revenue $274.0M (record), up 79.5% YoY; net income $24.4M vs $24.5M; EPS $0.31.
- Acquired Contract Freighters Inc. (Aug 31) and Smith Transport (May 31); family of four brands.
- GAAP operating ratio 87.3%; non-GAAP adjusted 83.7%; legacy ops at low 80s, newer units low 90s.
- Debt of $465.0M at Sep 30 from acquisitions; cash $64.8M; $86.8M available on line of credit.
- Plan to pay down debt, maintain $0.02/share dividend; no special dividends or buybacks near-term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799233/000079923322000058/0000799233-22-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799233/000079923322000058/htld-20221102.htm
  HTML page:      https://secwatch.observer/filing/0000799233-22-000058

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