KNX
Knight-Swift Transportation Holdings Inc.53.45
+0.25+0.47%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Constructive bids amid capacity cull
Q&A offered granular optimism on bid season, with management eyeing low-to-mid single-digit contract rate gains as customers shift to assets amid regulatory purges—12,000 drivers out since June, thousands of CDLs expiring soon. Detailed cost momentum surfaced: variable cuts covered inflation, fixed reductions structural, tech like routing AI rolling in 2026 for utilization. LTL stayed soft but bids tap larger shippers via unified branding and truckload synergies. No demand pop; January balance capacity-led. Bids feel better than Q1 looks. Cautious seasonality tempers tone; investors watch rate realization, LTL volume build.
Key Stats
Market Cap
8.68BP/E (TTM)
60.74Basic EPS (TTM)
0.88Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
Knight-Swift posted FY2025 revenue of $7.5B, up 0.8% y/y, with operating income of $216.1M down 11.2% amid freight stabilization but persistent cost pressures. Truckload revenue fell 2.8% excluding fuel surcharge on 3.4% lower loaded miles, yet average revenue per tractor rose 3.3% and adjusted operating ratio improved 80 bps to 94.8% as U.S. Xpress margins narrowed the gap with legacy brands. LTL surged 20.6% excluding fuel surcharge via 15.3% higher shipments per day, but adjusted operating ratio widened 310 bps to 93.2% from DHE integration and 16 new service centers. Logistics held steady while Intermodal narrowed losses 45.2% on 1.0% better revenue per load. Free cash flow hit $763M; net debt $2.1B with $1.1B liquidity. Driver shortages threaten quarterly momentum.
8-K
Dividend hiked to $0.20
8-K
Q4 loss masks solid adjusted results
Knight-Swift posted Q4 net loss of $6.8M due to $52.9M impairments from folding Abilene into Swift for efficiency. Revenue dipped 0.4% to $1.9B, yet adjusted operating income held at $100.6M with 94.0% ratio. Truckload miles fell 3.3%, but U.S. Xpress margins leaped 430bps. Q1 adjusted EPS guides $0.28-$0.32 amid capacity squeeze.
8-K
New RPA, leadership shift
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