Heartland Expr Stock Price, News & Analysis

Heartland Express (Nasdaq: HTLD) reported strong financial results for the second quarter and first half of 2022, including a record net income of $76.9 million for Q2, up 270.8% year-over-year. Basic earnings per share surged to $0.97. Operating revenue reached $187.8 million, driven by a $73.2 million gain from the sale of a terminal property. Total assets and stockholders' equity also hit all-time highs of $1.1 billion and $817.9 million, respectively. Despite a sequential decline in freight demand, the company remains optimistic about growth opportunities and driver investments.

Heartland Express (HTLD) reported strong financial results for Q2 and H1 2022, with record total assets and stockholders' equity. The company achieved a net income of $76.9 million for Q2 and $93.7 million for H1, reflecting increases of 270.8% and 171.7%, respectively. Operating income for Q2 surged by 284.1% to $105.1 million, aided by a significant gain from the monetization of a terminal property. Despite challenges in freight demand, Heartland Express remains well-capitalized with $171.9 million in cash and low debt levels, positioning itself for future growth.

The Board of Directors of Heartland Express has declared a quarterly cash dividend of $0.02 per share, to be paid on July 7, 2022. This payment will go to shareholders of record as of June 27, 2022, with an estimated total outlay of $1.6 million for its 79 million shares. This marks the company's 76th consecutive quarterly dividend, bringing the total cash dividends paid since the program's inception in 2003 to $539.4 million.

Heartland Express, Inc. (NASDAQ: HTLD) announced the acquisition of Smith Transport, Inc. for approximately $170 million. This strategic move aims to enhance Heartland's operational capabilities and service offerings in the truckload transportation industry. The acquisition is expected to be accretive to earnings per share immediately. Smith Transport, founded in 1982, operates a modern fleet and serves a blue-chip customer base. The purchase includes both equity and real estate, with the latter valued at $14 million.

Heartland Express, Inc. (HTLD) reported Q1 2022 financial results with net income of $16.8 million, a 25.3% increase in EPS to $0.21. Operating revenue was $151.3 million, slightly down from $152.4 million in Q1 2021. Operating income reached $22.4 million, reflecting a 22.5% increase. The operating ratio improved to 85.2%, with cash balances up to $187.1 million. Despite strong freight demand, hiring challenges persist. The company remains debt-free and committed to dividend payments and stock repurchases.

The Board of Directors of Heartland Express declared a quarterly cash dividend of $0.02 per share, set to be paid on April 5, 2022, to shareholders of record by March 25, 2022. This dividend represents a total payout of approximately $1.6 million across the company's 78.9 million shares. With this announcement, Heartland Express continues its strong history, marking the 75th consecutive quarterly dividend paid, accumulating to $537.8 million in cash dividends since the program's inception in 2003.

Heartland Express (HTLD) reported strong financial results for the year ended December 31, 2021, achieving a net income of $79.3 million and a record EPS of $1.00. Operating revenue reached $607.3 million, despite a slight decrease from the previous year. The company maintained a debt-free balance sheet with cash reserves of $157.7 million. In Q4, net income rose to $20.3 million, up 15.1% year-over-year. The operating ratio was 82.1%, reflecting operational efficiency, while dividends returned $46 million to shareholders.