Heartland Expr Stock Price, News & Analysis

Heartland Express (HTLD) will present at the Stifel 2021 Virtual Transportation & Logistics Conference on February 9, 2021, at 8:00 AM ET. The presentation will be delivered by Mike Gerdin, CEO, and Chris Strain, CFO. Heartland Express specializes in medium to short-haul regional freight, providing industry-leading on-time service across the United States. The company focuses on reducing costs and enhancing operational efficiency while navigating changing market conditions. Investors can find more information on the company's website.

Heartland Express, Inc. (HTLD) reported strong financial results for Q4 and FY 2020, highlighting a net income of $17.7 million for Q4 and $70.8 million for the year. Q4 operating revenue reached $155.8 million, though down from $167.2 million in Q4 2019. EPS increased to $0.22 for Q4, up 40% from the previous year. The company maintained a debt-free balance sheet and recorded a record high in stockholders' equity at $724.3 million. With an operating ratio of 84.7% for Q4 and continued investments in driver pay and fleet upgrades, HTLD demonstrates resilience amid industry challenges.

Heartland Express, Inc. (HTLD) has declared a quarterly cash dividend of $0.02 per share, to be paid on December 18, 2020, to shareholders on record by December 8, 2020. This marks the 70th consecutive quarterly dividend, reflecting the company's strong commitment to returning value to its investors. Overall, approximately $1.6 million will be distributed to shareholders, contributing to a total of $490.4 million paid in dividends since the program's inception in 2003.

Heartland Express (HTLD) will have key presentations at upcoming conferences. On November 11, 2020, CEO Mike Gerdin and CFO Chris Strain will present at Baird’s 2020 Global Industrial Conference at 7:30 am CT. Following this, on November 17, 2020, they will speak at the 2020 Stephens Annual Investment Conference at 8:00 am CT. Heartland Express specializes in irregular route truckload services across the U.S., focusing on regional freight with a commitment to on-time delivery.

Heartland Express, Inc. (HTLD) announced significant driver pay enhancements, reflecting a commitment to its workforce amid challenging times. The new package includes up to 12.2% rate increases depending on region, with an average rise of 6% across the fleet. New hires can earn between $0.56 and $0.60 per mile based on experience, while current drivers may receive rates as high as $0.65 per mile. The company recognizes up to 10 years of experience for new hires and offers annual safety bonuses. This initiative underscores the company's appreciation for drivers' dedication during the pandemic.

Heartland Express reported strong financial results for Q3 and the first nine months of 2020. For Q3, net income reached $20.7 million with earnings per share at $0.25, while operating revenue increased by 9.7% to $162.3 million. For the nine-month period, net income totaled $53.1 million with a 13.9% revenue increase of $489.5 million. Despite challenges, the company maintained a debt-free balance sheet, with total assets and stockholders' equity also at record highs of $959.8 million and $721.7 million respectively.

Heartland Express (Nasdaq: HTLD) announced a quarterly cash dividend of $0.02 per share, to be paid on October 1, 2020. Shareholders of record by the close of business on September 21, 2020 will benefit from this dividend, totaling approximately $1.6 million for its 81.4 million shares outstanding. This marks the company's sixty-ninth consecutive quarterly cash dividend, contributing to a total of $488.8 million paid since the inception of the dividend program in 2003.