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

Issuer:     Knight-Swift Transportation Holdings Inc. (KNX)
CIK:        0001492691
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001492691-24-000055
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knight-Swift Q1 net loss $2.6M, Adj EPS $0.12; insurance unit shut, guides Q2 $0.26-$0.30
--------------------------------------------------------------------------------

- GAAP diluted EPS $(0.02) vs $0.64; Adjusted EPS $0.12 vs $0.73; revenue $1.82B (+11.3%).
- Truckload Adjusted OR 97.3% (worsened 1,070 bps); LTL 90.0%; Intermodal 105.6%; Logistics 97.1%.
- Third-party insurance business ceased operations; incurred $19.5M operating loss in Q1.
- Dividend increased $0.02 to $0.16/share; declared Feb 1, payable Mar 25.
- Q2 2024 Adj EPS guidance $0.26-$0.30; Q3 $0.31-$0.35; no market inflection assumed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492691/000149269124000055/0001492691-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492691/000149269124000055/knx-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001492691-24-000055

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