PHOENIX – Knight-Swift Transportation Holdings Inc. (NYSE:KNX) reported fourth quarter earnings that exceeded analyst expectations, sending its inventory hovering 8.68% in after-hours buying and selling Wednesday. The trucking firm additionally supplied an optimistic outlook for the primary half of 2025.
Knight-Swift posted adjusted earnings per share of $0.36 for the fourth quarter, surpassing the analyst consensus of $0.34. Nevertheless, income got here in barely under estimates at $1.86 billion, in comparison with expectations of $1.88 billion.
Trying forward, the corporate supplied upbeat steering for the primary two quarters of 2025. For the primary quarter, Knight-Swift expects earnings per share between $0.29 and $0.33, with the midpoint above the $0.30 consensus. Second quarter steering of $0.46 to $0.50 per share additionally topped analyst projections of $0.47.
Knight-Swift’s truckload phase confirmed resilience, with its adjusted working ratio enhancing 170 foundation factors YoY to 92.2%. The corporate’s less-than-truckload (LTL) division noticed revenues excluding gasoline surcharge improve 20.2% YoY, although profitability was impacted by enlargement prices.
CEO Adam Miller commented on the outcomes, stating, “The fourth quarter confirmed the advantages of our diversified enterprise mannequin, as enchancment in our truckload phase offset price headwinds from the numerous enlargement in our LTL phase.”
Miller added, “Whereas present freight market circumstances have been uneven, we’re inspired by buyer sentiment, seasonal spot price development, the continued erosion of capability, and early bid season exercise – all of which level to a extra balanced market than we’ve got seen in roughly three years.”
This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.
The previous Barclays chief Antony Jenkins is exploring a sale of the banking know-how enterprise…
By Sherin Elizabeth Varghese and Noel John (Reuters) - Oil costs are set to stay…
Goldman Sachs has sounded the alarm bell on the US financial system forward of President…
Goldman Sachs has sounded the alarm bell on the US financial system forward of President…
(Bloomberg) -- Italian inflation accelerated greater than anticipated to exceed the European Central Financial institution’s…
Sir Keir Starmer and Donald Trump have mentioned the "productive negotiations" in the direction of…