Knight-Swift Transportation Holdings Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 24, 2024 at 09:05 pm
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Knight-Swift Transportation Holdings Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 1,641.7 million compared to USD 1,390.45 million a year ago. Revenue was USD 1,846.65 million compared to USD 1,552.98 million a year ago. Net income was USD 20.3 million compared to USD 63.33 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to USD 0.39 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to USD 0.39 a year ago.
For the six months, sales was USD 3,254.52 million compared to USD 2,840.74 million a year ago. Revenue was USD 3,669.12 million compared to USD 3,189.91 million a year ago. Net income was USD 17.67 million compared to USD 167.61 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 1.04 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to USD 1.04 a year ago.
Knight-Swift Transportation Holdings Inc. is a diversified freight transportation company. The Company provides multiple truckload transportation, less-than-truckload (LTL), logistics, and business services to the shipping and transportation sectors. Its segments include Truckload, LTL, Logistics, and Intermodal. The Truckload services include irregular routes and dedicated, refrigerated, expedited, flatbed, and cross-border transportation of various products, goods, and materials. The LTL segment operates approximately 3,400 tractors and 8,900 trailers and also provides national coverage to its customers by utilizing partner carriers for areas outside its direct network. Its Logistics and Intermodal segments provide a multitude of shipping solutions, including additional sources of truckload capacity and alternative transportation modes, by utilizing its network of third-party capacity providers and rail providers, as well as certain logistics and freight management services.