secwatch.observer — SEC 8-K summary
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Issuer:     Knight-Swift Transportation Holdings Inc. (KNX)
CIK:        0001492691
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001492691-23-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knight-Swift Q1 EPS $0.64, revenue -10.4%; slashes FY Adj EPS guidance to $3.35-$3.55
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- GAAP EPS $0.64 vs $1.25 YoY; Adjusted EPS $0.73 vs $1.35; revenue $1.64B down 10.4%.
- Truckload Adjusted OR worsened to 86.6% from 78.2%; insurance charges $8.5M.
- Full-year 2023 Adjusted EPS guidance cut to $3.35-$3.55 from prior $4.05-$4.25.
- U.S. Xpress acquisition ($808M EV) expected to close early Q3 2023.
- Dividend increased to $0.14/share; free cash flow $144.2M in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492691/000149269123000042/0001492691-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492691/000149269123000042/knx-20230420.htm
  HTML page:      https://secwatch.observer/filing/0001492691-23-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer