Quarterly ResultApr 29, 2026, 01:09 PM
KNX Q1 Net Loss $(1.3)M; EPS $(0.01); Operating Income -57%
AI Summary
Knight-Swift Transportation Holdings Inc. reported a net loss of $(1.3) million for Q1 2026, a significant decline from a net income of $30.6 million in Q1 2025, resulting in a basic and diluted loss per share of $(0.01). Total revenue increased slightly by 1.4% to $1.85 billion, but operating income fell by 57.1% to $28.6 million. The company also completed a partial settlement of its defined benefit pension plan obligations, reducing related liabilities and assets by $21.3 million.
Key Highlights
- Q1 2026 Net Loss $(1.3) million vs. Net Income $30.6 million in Q1 2025.
- Basic and Diluted EPS $(0.01) vs. $0.19 in Q1 2025.
- Total Revenue increased 1.4% to $1.85 billion from $1.82 billion YoY.
- Operating Income decreased 57.1% to $28.6 million from $66.7 million YoY.
- Net cash provided by operating activities rose 30.3% to $142.5 million.
- Dividends declared per share increased to $0.20 from $0.18 YoY.
- Completed partial pension plan settlement, reducing obligations by $21.3 million.
- Outstanding commitments for revenue equipment of $652.4 million in 2026.
Price Impact
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