Earnings Performance - Knight-Swift Transportation Holdings Inc (KNX) reported Q4 2024 adjusted earnings of 36 cents per share, beating the Zacks Consensus Estimate of 33 cents and showing a 300% year-over-year improvement [1] - The earnings improvement was driven by the closure of the third-party insurance business, which had generated a $71.7 million operating loss in Q4 2023, and a 5.8 percentage point decrease in the effective tax rate [1] - Total revenues of $1.86 billion missed the Zacks Consensus Estimate of $1.89 billion and declined 3.5% year-over-year [2] - Revenues excluding truckload and LTL fuel surcharge fell 0.9% year-over-year to $1.67 billion [2] - Total operating expenses decreased 6.6% year-over-year to $1.78 billion [2] - The adjusted operating ratio improved by more than 300 basis points to 93.7% [2] Segment Performance - Truckload segment revenues (excluding fuel surcharge) totaled $1.10 billion, down 4.4% year-over-year due to a 3.7% decrease in loaded miles [4] - Adjusted Truckload operating income grew 22.9% year-over-year to $85.96 million, with the adjusted operating ratio improving by 170 basis points to 92.2% [4] - Less-Than-Truckload (LTL) segment revenues (excluding fuel surcharges) increased 20.2% year-over-year to $278.89 million, driven by a 13.3% increase in shipments per day [5] - Adjusted LTL operating income decreased 54.9% to $15.21 million, with the adjusted operating ratio rising 900 basis points to 94.5% [5] - Logistics segment revenues (excluding inter-segment transactions) increased 2.1% year-over-year to $167.99 million, but adjusted operating income decreased 6.4% to $10.56 million [6] - Intermodal revenues (excluding inter-segment transactions) increased 4.9% year-over-year to $99.04 million, driven by a 10.2% increase in load count [7] - All Other Segments revenues declined 36.4% year-over-year to $44.7 million due to the winding down of the third-party carrier insurance program [8] Liquidity and Guidance - Knight-Swift ended Q4 with cash and cash equivalents of $218.26 million, up from $166.34 million at the end of the prior quarter [9] - Long-term debt (excluding current maturities) decreased to $1.44 billion from $1.50 billion at the end of the prior quarter [9] - Adjusted earnings for Q1 2025 are expected to be in the range of 29-33 cents per share, with the Zacks Consensus Estimate at 31 cents [10] - For Q2 2025, adjusted earnings are expected to be in the range of 46-50 cents per share, with the Zacks Consensus Estimate at 52 cents [10] - Net interest expense is expected to decrease modestly in Q1 2025 and remain stable into Q2 2025 [11] - Net cash capital expenditures for 2025 are expected to be in the range of $575 million to $625 million [11] - The adjusted tax rate for 2025 is expected to be around 24.5-25.5% [11] Industry Comparison - Delta Air Lines (DAL) reported Q4 2024 earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.76 and showing a 44.5% year-over-year increase [15] - DAL's revenues of $15.56 billion surpassed the Zacks Consensus Estimate of $14.99 billion and increased 9.4% year-over-year, driven by strong holiday travel demand [16] - J.B. Hunt Transport Services (JBHT) reported Q4 2024 earnings per share of $1.53, missing the Zacks Consensus Estimate of $1.62 but showing a 4.1% year-over-year increase [17] - JBHT's total operating revenues of $3.15 billion narrowly beat the Zacks Consensus Estimate of $3.13 billion but declined 4.8% year-over-year due to lower fuel surcharge revenues and yield pressure in its Intermodal segment [17] Stock Performance - KNX shares have gained 10.6% over the past six months, outperforming the 3.1% rise of the industry [12]

My previous investment thought on Knight-Swift Transportation Holdings (NYSE: KNX ) (published yesterday) was a hold rating because I was waiting for more data points to convince me that it is on trackI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ultimately, I aim t ...

Earnings Call Overview - The earnings call for Knight-Swift Transportation Holdings Inc (NYSE: KNX) for Q4 2024 was held on January 22, 2025, at 4:30 PM ET [1] - Key participants included Adam Miller (CEO), Andrew Hess (CFO), and Brad Stewart (Treasurer, SVP, IR) [2][4] - The call was scheduled to last one hour and included a Q&A session with analysts [4] Topics Covered - The company planned to discuss Q4 2024 results, current market conditions, and earnings guidance [4] - Slides accompanying the call were made available on the company's investor website [4] Q&A Session - Participants were limited to one question each to allow for broader participation [4] - If time permitted, additional questions could be addressed by rejoining the queue [4] - A contact number (602-606-6349) was provided for follow-up questions not addressed during the call [4]

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Q4 2024 Earnings Conference Call January 22, 2025 4:30 PM ET Company Participants Brad Stewart - Treasurer, SVP, IR Adam Miller - CEO Andrew Hess - CFO Conference Call Participants Tom Wadewitz - UBS Ken Hoexter - Bank of America Ravi Shanker - Morgan Stanley Scott Group - Wolfe Research Chris Wetherbee - Wells Fargo Jon Chappell - Evercore ISI Daniel Imbro - Stephens, Inc. David Hicks - Raymond James Brian Ossenbeck - JPMorgan Bascome Majors - Susquehann ...

For the quarter ended December 2024, Knight-Swift Transportation Holdings (KNX) reported revenue of $1.86 billion, down 3.5% over the same period last year. EPS came in at $0.36, compared to $0.09 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.89 billion, representing a surprise of -1.62%. The company delivered an EPS surprise of +9.09%, with the consensus EPS estimate being $0.33.While investors closely watch year-over-year changes in headline numbers -- revenue ...

Knight-Swift Transportation Holdings (KNX) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this trucking company would post earnings of $0.33 per share when it actually produced earnings of $0.34, delivering a surprise of 3.03%.Over the last ...

Exhibit 99.1 January 22, 2025 Phoenix, Arizona Knight-Swift Transportation Holdings Inc. Reports Fourth Quarter 2024 Revenue and Earnings Adam Miller, CEO of Knight-Swift, commented, "The fourth quarter showed the benefits of our diversified business model, as improvement in our truckload segment offset cost headwinds from the significant expansion in our LTL segment. Truckload freight conditions in the fourth quarter largely played out as expected, as the hurricane and port strike disruptions at the beginn ...

Knight-Swift Transportation Holdings Inc. (KNX) is scheduled to report fourth-quarter 2024 results on Jan. 22, after market close.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Knight-Swift has a disappointing earnings surprise history, having lagged the Zacks Consensus Estimate in three of the preceding four quarters (outpaced the mark in the remaining quarter), the average miss being 31.44%.Let’s see how things have shaped up for KNX this earnings season.Q4 ExpectationsThe Zacks ...

Wall Street analysts forecast that Knight-Swift Transportation Holdings (KNX) will report quarterly earnings of $0.33 per share in its upcoming release, pointing to a year-over-year increase of 266.7%. It is anticipated that revenues will amount to $1.89 billion, exhibiting a decline of 1.9% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1% to its current level. This demonstrates the covering analysts' collective reassessment ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Knight-Swift Transportation Holdings (KNX) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 22, 2025, might help the stock move higher if these key n ...