secwatch.observer — SEC 8-K summary
======================================

Issuer:     Knight-Swift Transportation Holdings Inc. (KNX)
CIK:        0001492691
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001492691-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knight-Swift Q4 net loss of $10.7M; insurance exit; truckload OR 93.9%
----------------------------------------------------------------------

- GAAP diluted EPS ($0.07) vs $0.92 YoY; adjusted EPS $0.09 vs $1.00, including $0.30 negative from insurance loss.
- Third-party insurance incurred $71.7M operating loss; company decided to exit by end of Q1 2024.
- Truckload adjusted OR worsened to 93.9% from 82.7%; U.S. Xpress achieved positive adjusted operating income.
- LTL adjusted OR held at 85.5% with 13.8% revenue growth ex-fuel; 15 terminals to be added.
- Q1 2024 adjusted EPS guided $0.37-$0.41; Q2 2024 guided $0.53-$0.57; FY 2024 capex $625-$675M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492691/000149269124000005/0001492691-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492691/000149269124000005/knx-20240124.htm
  HTML page:      https://secwatch.observer/filing/0001492691-24-000005

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