earnings
confidence high
sentiment negative
materiality 0.75
Knight-Swift Q3 GAAP EPS $0.19 (-48.6% YoY); revenue $1.88B (-7.1%)
Knight-Swift Transportation Holdings Inc.
2024-Q3 EPS reported
$0.30
revenue$5,545,797,000
- GAAP EPS $0.19 vs $0.37; adjusted EPS $0.34 vs $0.41; net income $30.5M, down 49.4%.
- Revenue $1.88B down 7.1%; operating income $81.4M up 0.4%; operating ratio 95.7%.
- LTL rev up 16.7% to $280M; Adj OR 89.6%; opened 16 service centers; DHE acquisition added ~7.5%.
- Guidance: Q4 2024 Adj EPS $0.32-$0.36; Q1 2025 Adj EPS $0.29-$0.33; net capex lowered to $525M-$575M.
- Recorded $12.1M investment write-off; dividend unchanged at $0.16/share; impairments $13.1M.