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Heartland Express Inc. (HTLD) is a prominent leader in the truckload transportation industry, servicing the United States and Canada. The company specializes in asset-based transportation services within the dry van truckload market, and also offers temperature-controlled truckload services. Heartland Express is dedicated to delivering high-quality transportation solutions, making it a preferred choice for some of the most successful businesses in the world.
The company’s customer base primarily includes sectors such as consumer goods, appliances, food products, and automotive industries. These top shippers rely on Heartland Express to enhance business performance, achieve exceptional results, and add value to their transportation supply chain.
Recent achievements include the company’s consistent performance in award-winning on-time pickup and delivery services. With a state-of-the-art fleet and advanced technology, Heartland Express ensures reliable and efficient transportation for its clients. The company is well-regarded for its capacity to meet scaled commitments, leadership in shipment information transparency, and its overall contribution to improving customer satisfaction.
Heartland Express continues to drive forward with a vision to be the best in the industry by combining significant experience, cutting-edge equipment, and a dedicated team. Whether it’s enhancing fleet capacity or investing in new technologies, the company focuses on innovation and excellence to deliver superior truckload transportation services.
Heartland Express reported challenging Q3 2024 financial results with operating revenue of $259.9 million and a net loss of $9.3 million ($0.12 per share). The company's operating ratio was 102.7%. For the nine months ended September 30, 2024, operating revenue was $804.9 million with a net loss of $27.9 million ($0.35 per share). CEO Mike Gerdin attributed the poor performance to a prolonged recessionary period marked by lower freight demand and excess truck capacity. The company has reduced acquisition-related debt by $94.0 million through Q3 2024. While legacy brands performed better with a 92.3% operating ratio, recently acquired entities showed improvement, with Smith Transport and CFI improving operating ratios by 6 and 5 percentage points respectively.
Heartland Express, Inc. (Nasdaq: HTLD) has announced its 85th consecutive quarterly cash dividend. The Board of Directors declared a regular quarterly dividend of $0.02 per share, payable on October 7, 2024, to shareholders of record as of September 27, 2024. The company estimates a total payout of approximately $1.6 million on its 78.5 million shares of common stock. This dividend continues Heartland Express's long-standing commitment to shareholder returns, with the company having paid a total of $553.6 million in cash dividends since initiating its dividend program in the third quarter of 2003, including four special dividends.
Heartland Express (Nasdaq: HTLD) has announced its participation in the upcoming Morgan Stanley 12th Annual Laguna Conference. The event is scheduled for Thursday, September 12, 2024, with Chris Strain, the company's Chief Financial Officer, representing Heartland Express.
Heartland Express is a North Liberty, Iowa-based irregular route truckload carrier that serves customers throughout the United States and Mexico. The company specializes in regional freight transportation, prioritizing industry-leading on-time service to help shippers meet their strategic goals. Heartland Express's commitment to efficient and reliable service has positioned it as a key player in the trucking industry.
Heartland Express (NASDAQ: HTLD) reported financial results for Q2 2024, showing continued challenges in the freight market. Key highlights include:
- Operating Revenue: $274.8 million
- Operating Income: $0.3 million
- Net Loss: $3.5 million
- Basic Loss per Share: $0.04
- Operating Ratio: 99.9%
CEO Mike Gerdin noted sequential improvements from Q1 2024 but emphasized ongoing weak freight demand and cost inflation. The company repaid $63.4 million of debt year-to-date and repurchased $7.3 million of common stock in Q2. Gerdin expects freight market improvements to extend into 2025. Heartland Express maintains a strong balance sheet with $23.9 million in cash and $836.8 million in stockholders' equity.
Heartland Express (Nasdaq: HTLD) has declared a regular quarterly cash dividend of $0.02 per share. The dividend will be paid on July 5, 2024, to shareholders of record as of June 25, 2024. This marks the company's eighty-fourth consecutive quarterly cash dividend. The total payment is estimated to be around $1.6 million for its 79.1 million shares. Since the program's inception in Q3 2003, Heartland Express has paid $552.1 million in cash dividends, including four special dividends.
Heartland Express (Nasdaq: HTLD) has announced participation in the Wolfe Research 17th Annual Global Transportation and Industrials Conference. The event will be held in New York City on May 22, 2024. Representing Heartland Express will be Chris Strain, CFO, and Josh Helmich, Senior VP and CFO of CFI, a subsidiary. Heartland Express, based in North Liberty, Iowa, is a prominent truckload carrier offering regional freight services across the U.S. and Mexico, known for its industry-leading on-time service.
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