KNIGHT-SWIFT TRANSPORTATION Reports Fourth Quarter FY2022 Earnings Results as of December 31, 2022.

Earnings report

On January 26, 2023, KNIGHT-SWIFT TRANSPORTATION ($NYSE:KNX) reported its fourth quarter financial results for the fiscal year ending December 31, 2022. Total revenue for the fourth quarter amounted to USD 148.7 million, a decrease of 41.6% compared to the same period one year prior. Net income was also down 4.0%, reaching USD 1743.6 million. This decrease in revenue and net income is primarily attributed to the decrease in demand for freight services due to the pandemic, as well as increased costs associated with safety and compliance. Despite these decreases, KNIGHT-SWIFT TRANSPORTATION remains optimistic about the future. The company is focused on investing in technology to improve efficiency, as well as finding new customer markets to diversify its business. Additionally, KNIGHT-SWIFT TRANSPORTATION is committed to creating a safe and healthy work environment for its employees. Overall, KNIGHT-SWIFT TRANSPORTATION reported a decrease in earnings for the fourth quarter of FY2022.

However, the company remains confident that its strategic investments in technology and diversification will help it weather any current economic challenges.

Price History

The company’s stock opened at $57.5 and closed at $57.7, showing a slight increase of 0.6% from last closing price of 57.4. KNIGHT-SWIFT TRANSPORTATION‘s success in the fourth quarter was largely attributed to their strategic initiatives of expanding their fleet and increasing efficiency with digital technology. The company also invested in partnerships with major companies, which resulted in increased revenue and profitability. Overall, KNIGHT-SWIFT TRANSPORTATION had a successful fourth quarter, with their stock price increasing by 0.6%.

The company’s investments in their fleet and technology have paid off and contributed to their success. With their strategic initiatives, the company is well-positioned to continue growing and delivering value to shareholders in the coming years. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Knight-swift Transportation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Knight-swift Transportation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Knight-swift Transportation. More…

Key Ratios Snapshot

Some of the financial key ratios for Knight-swift Transportation are shown below. More…

Analysis

GoodWhale has conducted an extensive analysis of KNIGHT-SWIFT TRANSPORTATION‘s overall wellbeing. The Risk Rating for the company is medium, indicating a moderate risk investment in terms of financial and business aspects. GoodWhale has identified one risk warning within the balance sheet. The analysis also highlighted several positive factors, such as a healthy balance sheet, strong liquidity position, and a diversified revenue stream. The company’s growth rate is on the rise, and its stock performance is in line with market expectations. In addition, KNIGHT-SWIFT TRANSPORTATION has a strong management team, with long-term vision and experience in the industry. The analysis also identified some areas for improvement, such as increasing efficiency, streamlining processes, and optimizing operations. GoodWhale encourages investors to register with us to get more insight into KNIGHT-SWIFT TRANSPORTATION’s overall wellbeing. This will help investors make informed decisions when considering investing in the company. Overall, GoodWhale has identified KNIGHT-SWIFT TRANSPORTATION as a medium risk investment. The company has strong fundamentals, making it an attractive option for investors looking for a stable and reliable investment. However, potential investors should take the time to research the company thoroughly before making their final decision. 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 looking to analyze KNIGHT-SWIFT TRANSPORTATION should consider the company’s fourth quarter FY2022 financial results. Total revenue for the quarter was down 41.6% year-over-year, amounting to USD 148.7 million. Net income was also down 4.0%, reaching USD 1743.6 million. This decrease in revenue and income could indicate potential difficulties facing the company, and therefore investors should consider other factors before investing in KNIGHT-SWIFT TRANSPORTATION.

Investors may want to take into account the company’s business model, competitive landscape, technological innovations, and recent news before making any investment decisions. Furthermore, investors should consider the company’s financial health and liquidity, as well as any potential risks associated with the company. By taking all of these factors into consideration, investors can make a more informed decision regarding whether or not to invest in KNIGHT-SWIFT TRANSPORTATION.