Welcome to our dedicated page for Heartland Expr news (Ticker: HTLD), a resource for investors and traders seeking the latest updates and insights on Heartland Expr stock.
Heartland Express, Inc. (NASDAQ: HTLD) is a truckload carrier in the general freight trucking industry, based in North Liberty, Iowa and incorporated in Nevada. News about Heartland Express typically centers on its operating results, dividend declarations, and developments across its family of operating brands, which include Heartland Express, Millis Transfer, Smith Transport, and Contract Freighters, Inc. (CFI).
On this page, readers can follow quarterly and annual earnings announcements, where the company reports operating revenue, operating ratio, net income or loss, and cash flow metrics. These releases often discuss the performance of each operating brand, progress on integrating acquisitions, and the impact of freight market conditions on volumes, pricing, and operating costs. Heartland Express also explains its use of non-GAAP measures such as operating revenue excluding fuel surcharge revenue and adjusted operating ratio, with reconciliations provided in accompanying tables.
Heartland Express news also includes regular quarterly cash dividend announcements. The Board of Directors has declared a series of $0.02 per share regular quarterly cash dividends, and the company highlights the number of consecutive quarters in which dividends have been paid, along with cumulative cash dividends and the history of four special dividends since the dividend program began in the third quarter of 2003.
Additional news items may cover participation in investor conferences, where company representatives take part in fireside chats and presentations, and industry and customer awards recognizing Heartland Express and its brands for on-time service, fleet safety, and carrier performance. Investors and observers can use this news feed to review how Heartland Express describes its operating environment, cost structure, capital allocation priorities, and service performance over time.
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Heartland Express (HTLD) reported strong financial results for the three months ending March 31, 2023. The company's net income was $12.6 million with basic earnings per share of $0.16. Operating revenues surged to $330.9 million, marking an impressive 118.8% increase year-over-year. Operating income also rose to $22.9 million, while the operating ratio improved to 93.1%. Total assets reached $1.6 billion, and stockholders' equity hit a record $866.6 million. Despite challenges in the freight sector, including lower demand and pressure on rates, the company maintained its commitment to investing in its fleet and reducing debt, having paid down approximately $129 million since its acquisitions in 2022.
The Board of Directors of Heartland Express (Nasdaq: HTLD) has declared a quarterly cash dividend of $0.02 per share. This dividend will be distributed on April 7, 2023, to shareholders on record as of March 28, 2023. The anticipated total payout is approximately $1.6 million across the company's 79.0 million shares. This marks the 79th consecutive quarterly cash dividend, bringing the total cash dividends paid to $544.2 million since the program's inception in 2003.
Heartland Express, a truckload carrier based in North Liberty, Iowa, has announced that CFO Chris Strain and VP Controller Josh Helmich will participate in the Stifel 2023 Transportation & Logistics Conference on February 7, 2023. The company focuses on regional freight, providing industry-leading on-time service across the United States and Mexico. Heartland aims to support customers' strategic goals through reliable shipping solutions. For further details about their services, visit www.heartlandexpress.com.
This release includes forward-looking statements about financial measures and operations, which are subject to risks and uncertainties. Actual results may differ from expectations.
Heartland Express (Nasdaq: HTLD) reported financial results for Q4 and FY 2022. Q4 net income was $15.5M ($0.20 EPS), while revenue hit a record $354.9M, up 139.6% YoY. For FY 2022, net income reached $133.6M ($1.69 EPS) on revenues of $968M, reflecting a 59.4% increase. Notably, operating ratios were 92.6% for Q4 and 80.5% for the year, maintaining a 45-year trend below 80. The company acknowledged operational challenges post-acquisitions of Smith Transport and CFI, affecting legacy performance. Despite a $108.3M cash decrease, total assets reached $1.7B, showcasing strong stockholders' equity at $855.5M. Heartland plans to reduce debt and remains committed to shareholder returns.
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