Heartland Express reports Q3 2024 net loss of $9.3M; revenue down 12% YoY to $259.9M

HEARTLAND EXPRESS INC

2024-Q3 EPS reported -$0.35 revenue$804,935,000

Operating revenue $259.9M, down 12% vs $295.0M in Q3 2023.
Net loss $9.3M ($0.12 basic loss per share) vs net loss $10.7M ($0.14) in Q3 2023.
Nine-month net loss $27.9M vs net income $9.7M in prior year period.
Management cites 'worst four consecutive quarters in 45+ years' due to low demand and excess truck capacity.
Debt reduced by $94.0M in first nine months of 2024; $289.6M paid since 2022 acquisitions.

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