secwatch.observer — SEC 8-K summary
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Issuer:     HEARTLAND EXPRESS INC (HTLD)
CIK:        0000799233
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0000799233-24-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799233/000079923324000002/0000799233-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799233/000079923324000002/htld-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000799233-24-000002

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