---
schema_version: "secwatch.filing_event.v1"
accession: "0001492691-23-000066"
form_type: "8-K"
ticker: "KNX"
cik: "0001492691"
company_name: "Knight-Swift Transportation Holdings Inc."
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:33:16.881635+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Knight-Swift Q2 EPS $0.39, down 71% YoY; FY23 guidance cut to $2.10-$2.30

## Summary
- Q2 revenue $1.55B, down 20.8% YoY; operating income $94M, down 71.1% YoY.
- Truckload adjusted OR 91.8% (vs 78.9%); LTL adjusted OR 85.1% (vs 78.7%).
- U.S. Xpress acquisition closed July 1, 2023; expected $0.25-$0.30 EPS loss in FY23.
- FY23 adjusted EPS guidance cut to $2.10-$2.30 from $3.35-$3.55; capex raised to $700-$750M.
- Logistics revenue down 52.4%; Intermodal operating ratio 106.4%.

## SEC filing metadata
- accession: 0001492691-23-000066
- form_type: 8-K
- ticker: KNX
- cik: 0001492691
- company_name: Knight-Swift Transportation Holdings Inc.
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1492691/000149269123000066/0001492691-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492691/000149269123000066/knx-20230720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001492691-23-000066
- JSON: https://secwatch.observer/filing/0001492691-23-000066.json
- Plain text: https://secwatch.observer/filing/0001492691-23-000066.txt

## Key facts
- Earnings Releases
  Knight-Swift Transportation Holdings Inc. reported second quarter 2023 results: revenue $1.6 billion, net income $63.3 million.
  - Period: second quarter 2023
  - Revenue: $1.6 billion
  - Net income: $63.3 million
  - Result: reported results
  source text: today reported second quarter 2023 net income attributable to Knight-Swift of $63.3 million and Adjusted Net Income Attributable to Knight-Swift 1 of $78.6 million. GAAP earnings per diluted share for the second quarter of 2023 were $0.39, compared to $1.35 for the second quarter of 2022. The Adjusted EPS was $0.49 for the second quarter of 2023, compared to $1.41 for the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1492691/000149269123000066/0001492691-23-000066-index.htm
- Earnings Releases
  Knight-Swift Transportation Holdings Inc. reported second quarter 2023 results: revenue $1.6 billion, net income $63.3 million.
  - Period: second quarter 2023
  - Revenue: $1.6 billion
  - Net income: $63.3 million
  - Result: reported results
  source text: Key Financial Highlights During the second quarter of 2023, consolidated total revenue was $1.6 billion, which is a 20.8% decrease from the second quarter of 2022. Consolidated operating income was $94.0 million, reflecting a decrease of 71.1%, as compared to the same quarter last year. Consolidated Net Income Attributable to Knight-Swift decreased by 71.1% to $63.3 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1492691/000149269123000066/0001492691-23-000066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.