Knight-Swift sees FY23 EPS $4.05-$4.25, consensus $4.16

The company sees 2023: Truckload rates continue to be pressured with year-over-year decreases in the mid-to-high single digits before inflecting positive in the fourth quarter; Truckload tractor count stable with miles per tractor improving in a year-over-year basis in the 2nd half of the year; LTL revenue increases modestly year-over-year with relatively stable margin profile and typical seasonality; Logistics revenue per load and load volumes down from the fourth quarter to the first quarter and then improving on asequential basis for the rest of the year; Logistics operating ratio in the high 80’s to low 90’s; Intermodal Operating Ratio in the mid 90’s for the full year; Continued growth in revenue and operating income in non-reportable; Easing inflationary pressure on costs; Equipment gains to be in the range of $10M to $15M quarterly; Sequential increase in interest expense due to higher rates; Net cash capex for the full year 2023 expected range of $640M – $690M; Expected tax rate to be approximately 25% for the full year 2023.