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KNX NYSE· Knight-Swift Transportation Holdings Inc.
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KNX NYSE· Knight-Swift Transportation Holdings Inc.
Earnings report Q4 2023

Knight-Swift Transportation Holdings Inc. Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

In the latest quarter, Knight-Swift Transportation Holdings Inc. reported total revenue of $9.59 billion. The breakdown of revenue by segment is as follows:

  • Truckload segment generated $4.70 billion in revenue, accounting for 65.8% of total revenue.
  • LTL segment contributed $1.08 billion in revenue, representing 15.2% of total revenue.
  • Logistics segment generated $582.25 million in revenue, accounting for 8.2% of total revenue.
  • Intermodal segment contributed $410.55 million in revenue, representing 5.7% of total revenue.
  • All Other Segments generated $462.06 million in revenue, accounting for 6.5% of total revenue.

Strengths

Knight-Swift Transportation Holdings Inc. demonstrated strong revenue growth in the latest quarter, with total revenue increasing from $7.14 billion to $9.59 billion compared to the same period last year. This growth can be attributed to the solid performance across all segments, particularly the Truckload segment which saw a significant increase in revenue. The company's management highlighted the positive impact of negotiated rates and adjustments based on market conditions, which contributed to the overall revenue growth.

Challenges

While Knight-Swift Transportation Holdings Inc. experienced overall revenue growth, the LTL segment's revenue growth was relatively modest compared to other segments. This indicates potential challenges in the LTL segment that the company needs to address to further drive revenue growth in this segment.

Noteworthy

It is worth noting that Knight-Swift Transportation Holdings Inc. ended the quarter with $168.5 million in unrestricted cash and cash equivalents, indicating a strong liquidity position. The company also maintained a healthy stockholders' equity of $7.1 billion. These financial indicators suggest that Knight-Swift Transportation Holdings Inc. does not foresee material liquidity constraints or issues with meeting its debt covenants.

Summary

Knight-Swift Transportation Holdings Inc. delivered a strong performance in the latest quarter, with significant revenue growth across its segments. The company's solid financial position, highlighted by its liquidity and stockholders' equity, further supports its ability to navigate potential challenges and continue its growth trajectory. However, the company should focus on addressing challenges in the LTL segment to ensure balanced revenue growth across all segments. Overall, Knight-Swift Transportation Holdings Inc. demonstrates a positive outlook based on its latest financial performance.

Source documents

Form 10-K  filed on Feb 22, 2024
138 pages scanned

Reference data

Company financials Q4 revenue 1.93B
Analyst estimates Q4 EPS missed by -74.98%
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