Heartland Express Q4 net income $5.1M ($0.06 EPS), revenue $275.3M; FY revenue record $1.2B

HEARTLAND EXPRESS INC

2023-FY EPS reported $0.19 revenue$1,207,458,000

Q4 net income $5.1M ($0.06 EPS) vs $15.5M ($0.20) YoY; operating revenue $275.3M vs $354.9M.
Full year 2023 operating revenue record $1.2B (+24.7% YoY) but net income $14.8M ($0.19 EPS) vs $133.6M ($1.69) in 2022.
Operating ratio 96.5% (adjusted 95.4%) vs 80.5% (adjusted 84.8%) YoY, reflecting weak freight environment and acquisition integration.
Debt reduced by $114.1M in 2023 to $300M; gain of $25.6M from sale of three terminal properties in Q4.
Legacy Heartland/Millis operating ratio 86.9%; acquired Smith/CFI combined 103.8% in 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HEARTLAND EXPRESS INC reported three months ended December 31, 2023 results: revenue $275.3 million, net income $5.1 million, EPS $0.06.

Period: three months ended December 31, 2023
Revenue: $275.3 million
Net income: $5.1 million
EPS: $0.06
Result: reported results

Exact text from the filing

Heartland Express, Inc. (Nasdaq: HTLD) announced today financial results for the quarter and year ended December 31, 2023. Three months ended December 31, 2023: • Net Income of $5.1 million and Basic Earnings per Share of $0.06, • Operating Revenue of $275.3 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HEARTLAND EXPRESS INC reported twelve months ended December 31, 2023 results: revenue $1.2 billion, net income $14.8 million, EPS $0.19.

Period: twelve months ended December 31, 2023
Revenue: $1.2 billion
Net income: $14.8 million
EPS: $0.19
Result: reported results

Exact text from the filing

Twelve months ended December 31, 2023: • Net Income of $14.8 million, Basic Earnings per Share of $0.19, • Operating Revenue of $1.2 billion (All-time record)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HEARTLAND EXPRESS INC reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On January 31, 2024, Heartland Express, Inc. announced its unaudited financial results for the quarter and year ended December 31, 2023. The press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.

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Source: SEC EDGAR

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