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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, 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.
Heartland Express (HTLD) announced a regular quarterly cash dividend of $0.02 per share, payable on December 17, 2021, to shareholders of record by the close of business on December 7, 2021. This marks the company's 74th consecutive quarterly dividend, bringing total cash dividends paid to approximately $536.3 million since the program's inception in 2003. A total of about $1.6 million will be distributed across the 79 million shares outstanding.
Heartland Express, Inc. (Nasdaq: HTLD) will participate in the virtual Baird 2021 Global Industrial Conference on November 9, 2021, at 9:40 AM ET. The company, based in North Liberty, Iowa, specializes in irregular route truckload carrier services across the United States, emphasizing medium to short haul regional freight. Heartland Express aims to provide industry-leading on-time service to help clients meet their shipping needs effectively. More information can be found on their website.
Heartland Express reported strong financial results for Q3 2021, with net income of $24.5 million and basic earnings per share (EPS) of $0.31. Total operating revenue reached $152.6 million, despite a slight decline from the previous year. The company maintained a cash balance of $180.4 million and a debt-free balance sheet. The operating ratio improved to 78.2%, marking the best result since 2013. A special dividend of $0.50 per share was paid on October 1, 2021, showcasing the company's commitment to shareholders.
Heartland Express (HTLD) announced a regular quarterly cash dividend of $0.02 per share and a special dividend of $0.50 per share, both payable on October 1, 2021. This marks the company's seventy-third consecutive quarterly dividend, totaling approximately $41.1 million for both dividends. Additionally, the Board authorized a share repurchase program for up to 3,000,000 shares, augmenting the remaining 3,745,000 shares from a prior authorization. Since 2003, HTLD has paid $534.9 million in cash dividends, which enhances shareholder value and demonstrates robust financial health.
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