8-K
filed August 3, 2023, 7:59 PM ET
ticker HTLD
CIK 0000799233
earnings
confidence high
sentiment negative
materiality 0.80
Heartland Express Q2 revenue rises 63% to $306M, net income falls to $7.8M on weak freight demand
HEARTLAND EXPRESS INC
2023-Q2 EPS reported
$0.26
revenue$637,085,000
- Q2 revenue $306.2M (+63% YoY); net income $7.8M vs $76.9M (incl $73.2M terminal gain); EPS $0.10 vs $0.97.
- Freight demand weak; legacy Heartland/Millis OR 87.7%, acquired CFI/Smith OR 99.8%; overall OR 94.7%.
- Debt repaid $146M since 2022 acquisitions; cash $46.3M; $88M revolver available; equity record $872.9M.
- Regular $0.02/share dividend declared; net capex guided $65-75M for 2023; expects $15-20M equipment gains.
- Management expects volatile demand next quarter, hopeful for Q4 holiday improvement.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
HEARTLAND EXPRESS INC reported three months ended June 30, 2023 results: revenue $306.2 million, net income $7.8 million, EPS $0.10.
- Period
- three months ended June 30, 2023
- Revenue
- $306.2 million
- Net income
- $7.8 million
- EPS
- $0.10
- Result
- reported results
Exact text from the filing
Express, Inc. (Nasdaq: HTLD) announced today financial results for the three and six months ended June 30, 2023. Three months ended June 30, 2023: • Operating Revenue of $306.2 million, an increase of 63.0% over 2022, • Net Income of $7.8 million, • Basic Earnings per Share of $0.10, • Operating Income of $16.2 million, • Operating Ratio of 94.7% and 93.4%
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
HEARTLAND EXPRESS INC reported six months ended June 30, 2023 results: revenue $637.1 million, net income $20.4 million, EPS $0.26.
- Period
- six months ended June 30, 2023
- Revenue
- $637.1 million
- Net income
- $20.4 million
- EPS
- $0.26
- Result
- reported results
Exact text from the filing
Adjusted Operating Ratio (1) , • Total Assets of $1.6 billion, • Stockholders' Equity of $872.9 million (All-time record). Six months ended June 30, 2023: • Operating Revenue of $637.1 million, an increase of 87.9% over 2022 , • Net Income of $20.4 million, • Basic Earnings per Share of $0.26, • Operating Income of $39.1 million, • Operating Ratio of 93.9% and 92.4%
View on SEC.gov
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