The earnings call highlighted growth in the LTL and Intermodal segments, as well as network expansion. However, it also addressed significant challenges such as revenue declines, disruption from hurricanes, and increased interest and tax rates. The LTL segment's strong performance and network expansion efforts are promising, but the overall challenges and negative impacts balance out these positives.

Company Guidance

In the Knight-Swift Transportation Q3 2024 earnings call, the company provided detailed guidance regarding their financial performance and expectations. The third quarter saw a year-over-year decrease in revenue, excluding fuel surcharge, by 5.3%, and an adjusted operating income decline of 7.1%, with adjusted EPS at $0.34. The consolidated adjusted operating ratio was 93.9%, showing a slight sequential improvement. The company faced challenges such as a $6.6 million increase in net interest expenses and a 34.1 percentage point rise in the GAAP effective tax rate. However, they expressed optimism about the future, anticipating EPS for Q4 2024 to range between $0.32 to $0.36, and for Q1 2025 between $0.29 to $0.33. They highlighted ongoing improvements in their Truckload and LTL segments, expecting these to contribute positively as market conditions stabilize, along with strategic expansions and acquisitions, such as the addition of Dependable Highway Express, enhancing their service network and capabilities.

LTL Segment Growth

LTL segment revenue, excluding fuel surcharge, grew 16.7% year-over-year with shipments per day increasing 11.1%. The acquisition of DHE added approximately 7.5% to these improvements.

Intermodal Revenue Increase

Intermodal revenue increased 1.4% year-over-year, marking the first year-over-year revenue increase in six quarters, driven by a 7.2% increase in load count.

Logistics Revenue Per Load Increase

Logistics segment saw a 3.7% sequential increase in revenue per load and an improvement in adjusted operating ratio by 100 basis points over the second quarter.

Network Expansion

Opened 16 additional service centers in Q3, with plans to open four more by the end of 2024. Acquisition of DHE represents a 32.2% increase in door count from the beginning of the year.

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Knight Transportation (KNX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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KNX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 22, 2025	2024 (Q4)	0.34 / -	0.09	―	―	―
Oct 23, 2024	2024 (Q3)	0.32 / 0.34	0.41	-17.07% (-0.07)
Jul 24, 2024	2024 (Q2)	0.27 / 0.24	0.49	-51.02% (-0.25)
Apr 24, 2024	2024 (Q1)	0.30 / 0.12	0.73	-83.56% (-0.61)
Jan 24, 2024	2023 (Q4)	0.43 / 0.09	1	-91.00% (-0.91)
Oct 19, 2023	2023 (Q3)	0.36 / 0.41	1.27	-67.72% (-0.86)
Jul 20, 2023	2023 (Q2)	0.53 / 0.49	1.41	-65.25% (-0.92)
Apr 20, 2023	2023 (Q1)	0.80 / 0.73	1.35	-45.93% (-0.62)
Jan 26, 2023	2022 (Q4)	1.11 / 1.00	1.61	-37.89% (-0.61)
Oct 19, 2022	2022 (Q3)	1.31 / 1.27	1.3	-2.31% (-0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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KNX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 23, 2024	$52.59	$51.79	-1.52%
Jul 24, 2024	$48.69	$51.74	+6.26%
Apr 24, 2024	$48.06	$46.70	-2.83%
Jan 24, 2024	$56.29	$57.20	+1.62%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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