KNIGHT-SWIFT TRANSPORTATION Reports Fourth Quarter Earnings Results for FY2022 Ending January 26, 2023
March 14, 2023
Earnings Overview
KNIGHT-SWIFT TRANSPORTATION ($NYSE:KNX) reported their financial results for the fourth quarter of FY2022 (ending January 26 2023) and revealed that total revenue for the quarter had declined by 41.6% compared to the same period in the prior year, totalling USD 148.7 million. Net income for the quarter also decreased, by 4.0%, to USD 1743.6 million.
Transcripts Simplified
Knight-Swift Transportation‘s earnings call for the fourth quarter of 2022 discussed results from the quarter, an update on current market conditions, and 2023 guidance. The call covered topics including consolidated fourth quarter revenue and earnings on a year-over-year basis, revenue and adjusted operating income for the fourth quarter and year-to-date periods in each of its segments, freight demand in the fourth quarter, spot opportunities, and the percentage of revenue during the fourth quarter of 2022 from each of its 4 segments.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Knight-swift Transportation. More…
| Total Revenues | Net Income | Net Margin |
| 7.43k | 771.33 | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Knight-swift Transportation. More…
| Operations | Investing | Financing |
| 1.47k | -1.82k | 779.33 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Knight-swift Transportation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.95k | 4k | 42.36 |
Key Ratios Snapshot
Some of the financial key ratios for Knight-swift Transportation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.3% | 36.4% | 14.4% |
| FCF Margin | ROE | ROA |
| 11.2% | 9.7% | 6.1% |
Price History
The company’s stock opened at $57.5 and closed at $57.7, up by 0.6% from its prior closing price of 57.4. In terms of operations, KNIGHT-SWIFT TRANSPORTATION experienced a slight dip in its shipment volumes, likely due to the pandemic-related restrictions on trade and transportation. In order to offset the potential losses from this dip, the company took measures such as vertically integrating its logistics operations, increasing its focus on providing supply chain solutions, and introducing new technology platforms to improve efficiency.
The company expects to continue to invest heavily in technology, as well as its people and operations, in order to remain competitive in the industry. Going forward, KNIGHT-SWIFT TRANSPORTATION expects its revenues to grow and remain profitable over the next several years. Live Quote…
Analysis
At GoodWhale, we believe that understanding a company’s financials is essential to making smart investments. That’s why we offer our clients the ability to analyse KNIGHT-SWIFT TRANSPORTATION‘s financials. After conducting a thorough analysis, our Risk Rating for KNIGHT-SWIFT TRANSPORTATION is low. This means that, based on our financial and business analysis, KNIGHT-SWIFT TRANSPORTATION is a low risk investment. Furthermore, our analysis has detected one risk warning in their balance sheet. If you’d like to learn more about this risk, register with us and we’ll provide you with more detailed information. More…
Peers
Knight-Swift Transportation Holdings Inc is one of the largest trucking companies in the United States. It has a large fleet of trucks and trailers, and a network of terminals and warehouses across the country. The company’s main competitors are Werner Enterprises Inc, ArcBest Corp, and U.S. Xpress Enterprises Inc.
– Werner Enterprises Inc ($NASDAQ:WERN)
Werner Enterprises Inc is a transportation and logistics company that provides truckload, dedicated, intermodal and logistics services. It has a market cap of 2.46B as of 2022 and a Return on Equity of 20.57%. The company was founded in 1956 and is headquartered in Omaha, Nebraska.
– ArcBest Corp ($NASDAQ:ARCB)
ArcBest Corporation is an American holding company headquartered in Fort Smith, Arkansas. Its common stock trades on the Nasdaq Global Select Market under the symbol “ARCB.” The company operates through four divisions: Asset-Based, less-than-truckload (LTL), Truckload Logistics (TL) and International. ArcBest provides freight transportation services and solutions throughout the United States, Canada and Mexico. The company has a wide range of customers, including retailers, manufacturers, raw materials producers, energy companies and the military.
– U.S. Xpress Enterprises Inc ($NYSE:USX)
U.S. Xpress Enterprises Inc is a leading provider of transportation and logistics services. The company has a market cap of 123.02M as of 2022 and a Return on Equity of 2.37%. The company offers a wide range of services including truckload, intermodal, dedicated, and logistics. The company has a strong presence in the United States and Canada.
Summary
Investors should take a close look at KNIGHT-SWIFT TRANSPORTATION as the company reported their fourth quarter earnings for FY2022. Total revenue for the quarter was USD 148.7 million, compared to a year-over-year decrease of 41.6%. Net income for the quarter was USD 1743.6 million, a 4.0% decrease year over year.
Although the results show a decrease in revenue, investors should consider the profitability of this company and its potential for future growth. With careful analysis, investors should be able to make a well-informed decision on whether to invest in KNIGHT-SWIFT TRANSPORTATION.
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