secwatch.observer — SEC 8-K summary
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Issuer:     HEARTLAND EXPRESS INC (HTLD)
CIK:        0000799233
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000799233-23-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heartland Express Q1 net income $12.6M ($0.16 EPS) vs $16.8M ($0.21) YoY; revenue up 119%
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- Operating revenue $330.9M (+118.8% YoY) from acquisitions; fuel surcharge $49.6M vs $24.0M in prior year.
- Net income $12.6M ($0.16 basic EPS) vs $16.8M ($0.21) in Q1 2022; operating income $22.9M.
- GAAP operating ratio 93.1% vs 85.2% in Q1 2022; non-GAAP adjusted OR 91.4% vs 81.7%.
- Paid down $120M variable-rate debt from CFI acquisition and $9M from Smith; debt $366M, cash $55.5M.
- Expects volatile freight demand for at least next two quarters; CEO cites 'challenging freight environment'.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799233/000079923323000018/0000799233-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799233/000079923323000018/htld-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000799233-23-000018

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