secwatch.observer — SEC 8-K summary
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Issuer:     HEARTLAND EXPRESS INC (HTLD)
CIK:        0000799233
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000799233-24-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heartland Express reports Q1 net loss of $15.1M; revenue down 18% YoY
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- Net loss of $15.1M ($0.19 basic loss per share) vs net income of $12.6M ($0.16 EPS) in Q1 2023.
- Operating revenue $270.3M, down 18% from $330.9M in Q1 2023; fuel surcharge fell to $36.2M from $49.6M.
- Operating ratio of 105.3% (non-GAAP adj. 105.6%) vs 93.1% in Q1 2023; operating loss of $14.4M.
- Repaid $36.7M of acquisition-related debt in Q1; total debt repayments $232.2M since 2022 acquisitions.
- CEO cites extended weak freight demand, excess capacity, and cost inflation; sequential monthly improvement in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799233/000079923324000018/0000799233-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799233/000079923324000018/htld-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000799233-24-000018

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