HEARTLAND EXPRESS Reports Q2 FY2023 Earnings Results as of June 30 2023
August 13, 2023
🌥️Earnings Overview
HEARTLAND EXPRESS ($NASDAQ:HTLD) reported their Q2 FY2023 earnings results as of June 30 2023. Total revenue was USD 306.2 million, representing a year-on-year increase of 63.0%. Unfortunately, net income for the quarter was USD 7.8 million, a drop of 89.9% compared to the same quarter of the prior year.
Market Price
The stock opened at $15.6, and closed at $15.8, representing a 1.1% increase from the previous closing price of $15.6. This increase marks the fourth consecutive quarter of positive gains for HEARTLAND EXPRESS. Overall, the company has seen a steady growth in their stock prices since the beginning of the fiscal year. This is due in part to their strategic investments and expansion into other markets, allowing them to access new revenue streams and capitalize on existing ones. HEARTLAND EXPRESS also announced that they have managed to improve their margins and profitability despite the challenging economic environment. This has been achieved through rigorous cost management and efficient operations.
Additionally, the company has made significant investments in research and development, which has resulted in new products and services that are more cost effective and competitive. The company’s strong financial results reflect the success of its strategies and business model, and the company is poised for further success in the future. With an experienced management team and strong market share, HEARTLAND EXPRESS is well positioned to capitalize on future opportunities and maximize returns for their shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Heartland Express. More…
| Total Revenues | Net Income | Net Margin |
| 1.27k | 60.29 | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Heartland Express. More…
| Operations | Investing | Financing |
| 223.56 | -663.26 | 359.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Heartland Express. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.6k | 723.73 | 11.05 |
Key Ratios Snapshot
Some of the financial key ratios for Heartland Express are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.4% | 5.2% | 8.1% |
| FCF Margin | ROE | ROA |
| 3.4% | 7.3% | 4.0% |
Analysis
GoodWhale recently conducted an analysis of HEARTLAND EXPRESS in order to gauge its overall wellbeing. After careful assessment, we concluded that HEARTLAND EXPRESS is a medium risk investment in terms of financial and business aspects. In order to come to our conclusion, we identified three risk warnings that can be found in the company’s income sheet, cashflow statement, and financial journal. We urge potential investors to become a registered user with GoodWhale in order to see the full details of our assessment. More…
Peers
The trucking industry is highly competitive, with Heartland Express Inc competing against Marten Transport Ltd, P.A.M. Transportation Services Inc, and Saia Inc. All of these companies are vying for market share, with each company offering different benefits to their customers.
– Marten Transport Ltd ($NASDAQ:MRTN)
Marten Transport Ltd. is a truckload transportation company specializing in time-sensitive and temperature-sensitive freight. The company operates in three segments: Truckload, Dedicated, and Intermodal. The Truckload segment offers general commodities transportation services using dry van trailers. The Dedicated segment provides transportation services for specific customers using dry van trailers. The Intermodal segment offers transportation services using containers and trailers on railroads.
– P.A.M. Transportation Services Inc ($NASDAQ:PTSI)
P.A.M. Transportation Services Inc is a trucking company that specializes in transporting perishable goods. The company has a market cap of $620.64 million and a return on equity of 34.12%. P.A.M. Transportation Services is headquartered in Tontitown, Arkansas.
– Saia Inc ($NASDAQ:SAIA)
Saia Inc is a regional less-than-truckload carrier in North America. The company operates through two segments, Trucking and Logistics. The Trucking segment offers regional and interregional less-than-truckload, or LTL, freight services, including expedited, guaranteed and time-sensitive services; local pick-up and delivery services; and other value-added services. This segment also offers drayage services, which are the movement of import containers from seaports to consignees, or the movement of export containers from shippers to seaports; and logistics services, including freight management, transportation management, and warehouse and distribution services. The Logistics segment provides third-party logistics services, including brokerage, intermodal, and domestic and international air and ocean transportation services.
Summary
HEARTLAND EXPRESS has reported strong revenue growth for Q2 FY2023, with a 63.0% increase from the same quarter in the previous year. Despite this, net income for the quarter decreased by 89.9%, resulting in a lower return on investment. Investors should consider the long-term prospects of the company in light of its current financial performance to determine if HEARTLAND EXPRESS is a good investment opportunity. Additionally, they should analyze the company’s strategies and plans for future growth to get a better understanding of their potential returns.
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