secwatch.observer — SEC 8-K summary
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Issuer:     Knight-Swift Transportation Holdings Inc. (KNX)
CIK:        0001492691
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001492691-23-000066
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492691/000149269123000066/0001492691-23-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492691/000149269123000066/knx-20230720.htm
  HTML page:      https://secwatch.observer/filing/0001492691-23-000066

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