Quarterly ResultJul 29, 2026, 01:06 PM
Knight-Swift Q2 Net Income $43.15M, EPS $0.27; Refinances Debt
AI Summary
Knight-Swift Transportation Holdings Inc. reported a significant increase in net income and EPS for the second quarter of 2026, with net income rising to $43.15 million and basic EPS to $0.27. This marks a strong quarterly performance despite a year-to-date decline in net income and EPS compared to the previous year. The company also undertook a major debt restructuring, issuing $1.466 billion in 2031 Convertible Senior Notes and repaying existing term loans, which impacted its financial structure.
Key Highlights
- Q2 2026 Net Income increased 27.2% to $43.15 million.
- Q2 2026 Basic EPS rose 28.6% to $0.27.
- Total revenue for Q2 2026 grew 12.5% to $2.096 billion.
- Issued $1.466 billion in 2031 Convertible Senior Notes.
- Repaid 2025 Term Loan A-2 using proceeds from new notes.
- Net cash provided by operating activities YTD increased 38.2% to $450.36 million.
- Dividends declared per share increased to $0.20 from $0.18.
Price Impact
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