secwatch.observer — SEC 8-K summary
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Issuer:     Knight-Swift Transportation Holdings Inc. (KNX)
CIK:        0001492691
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001492691-24-000053
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knight-Swift cuts Q1 adjusted EPS guidance to $0.11-$0.12 from $0.37-$0.41; Q2 to $0.26-$0.30
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- Adjusted EPS for Q1 2024 now $0.11-$0.12 (prior $0.37-$0.41); includes $0.08 loss from discontinued insurance business.
- Excluding insurance loss, Q1 Adjusted EPS would be $0.19-$0.20; truckload market oversupplied and weather disruption cited.
- Q2 2024 Adjusted EPS guided $0.26-$0.30 (prior $0.53-$0.57); expects truckload OR in mid-90s, LTL revenue +10-15% YoY.
- U.S. Xpress acquisition expected to have roughly break-even Q2 results; overall revenues stabilizing at ~5% decline from Q4.
- Company will provide Q3 guidance with Q1 earnings release on April 24, 2024; Intangible amortization ~$0.08 per quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492691/000149269124000053/0001492691-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492691/000149269124000053/knx-20240417.htm
  HTML page:      https://secwatch.observer/filing/0001492691-24-000053

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