secwatch.observer — SEC 8-K summary
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Issuer:     Knight-Swift Transportation Holdings Inc. (KNX)
CIK:        0001492691
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001492691-24-000073
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knight-Swift Q2 GAAP EPS $0.13 vs $0.39 YoY; adjusted EPS $0.24; revenue up 19%
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- Net income $20.3M, down 68% YoY; GAAP EPS $0.13 vs $0.39; adjusted EPS $0.24 vs $0.49, including $0.06 charge from 2020 auto claim settlement.
- Total revenue $1.85B, up 18.9% largely from U.S. Xpress; operating income $63.5M, down 32.5%.
- Truckload adj. OR 97.2% (impacted 120bps by settlement); LTL adj. OR 85.9%, revenue ex-fuel up 15.1%, 11 new LTL terminals opened.
- Guidance: Q3 adj. EPS $0.31-$0.35, Q4 adj. EPS $0.32-$0.36; full-year net capex reduced to $600-650M from $625-675M.
- Free cash flow YTD $52.1M; net debt $2.5B; quarterly dividend maintained at $0.16/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492691/000149269124000073/0001492691-24-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492691/000149269124000073/knx-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001492691-24-000073

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