Knight-Swift Transportation Holdings Inc.

Knight-Swift Transportation Holdings Inc. reported strong second-quarter 2026 financial results, with Adjusted EPS increasing 80% to $0.63 and total revenue growing 12.6% to $2.1 billion. The company saw significant improvements in operating income and adjusted net income, driven by an improving truckload market and network efficiencies. The U.S. Xpress over-the-road division achieved its first profitable quarter since acquisition, and the company provided optimistic guidance for Q3 2026 Adjusted EPS between $0.71 and $0.77.

Knight-Swift Transportation Holdings Inc. announced the retirement of Kevin Knight as Executive Chairman and Board member, effective June 3, 2026. David Vander Ploeg, the Lead Independent Director, has been appointed as the new Chair of the Board. Mr. Knight will continue to provide consulting services to the Company for 24 months under a Retirement and Consulting Agreement, for which he will receive a fee of $20.25 million, along with certain medical benefits and legal fee reimbursements, in exchange for forfeiting all unvested equity awards and agreeing to various covenants.

Knight-Swift Transportation Holdings Inc. announced a quarterly cash dividend of $0.20 per share, payable on June 22, 2026, to stockholders of record as of June 8, 2026. Additionally, at its Annual Meeting of Stockholders, the company's stockholders elected eleven directors, approved executive officer compensation on an advisory basis, and ratified Grant Thornton LLP as the independent auditor for fiscal year 2026. A stockholder proposal concerning transparency in political spending was rejected.

Knight-Swift Transportation Holdings Inc. completed its private offering of $1.5 billion aggregate principal amount of 1.00% Convertible Senior Notes due 2031, including the full exercise of the initial purchasers' option. The notes, which are general senior unsecured obligations, will mature on November 15, 2031, and bear interest semiannually. The company expects to use the net proceeds to pay for capped call transactions, repay $300 million of its term loan due 2027, $400 million of its term loan due 2030, and a portion of its revolving line of credit. The initial conversion price is approximately $80.11 per share, representing a 30% premium over the common stock's closing price on May 5, 2026.

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.

Knight-Swift Transportation Holdings Inc. issued a press release on April 22, 2026, announcing its financial results for the first quarter ended March 31, 2026. The press release, containing the full details of the company's performance, is attached as Exhibit 99.1 to the Current Report on Form 8-K. Investors should refer to the exhibit for specific financial figures and operational highlights.

Knight-Swift Transportation Holdings Inc. has provided an update to its earnings guidance for the first quarter of 2026. The company also announced its earnings guidance for the second quarter of 2026. This filing indicates the company's revised and new financial expectations for the upcoming periods.