This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Knight Transportation Reports Revenue And Net Income For The Third Quarter Ended September 30, 2012

Knight Transportation, Inc. (NYSE: KNX), one of North America’s largest and most diversified truckload transportation companies, today reported revenue and net income for the third quarter ended September 30, 2012.

For the quarter, total revenue increased 4.8% to $237.9 million from $227.1 million in the third quarter of 2011. Revenue before fuel surcharge increased 5.0% to $192.6 million compared to $183.4 million in the same period of 2011. Net income for the quarter was $16.6 million, or $0.21 per diluted share, compared to $16.6 million, or $0.21 per diluted share, in the third quarter of 2011.

Key financial results for the third quarter were as follows:

   

Three Months Ended September 30,(dollars in thousands, except per share data)

   
2012 2011 % Change
Total revenue $ 237,933 $ 227,143 4.8 %
Revenue, excluding trucking fuel surcharge $ 192,550 $ 183,436 5.0 %
Income from operations $ 27,767 $ 27,705 0.2 %
Net income $ 16,584 $ 16,563 0.1 %
Earnings per diluted share $ 0.21 $ 0.21 0.4 %

Year-to-date, total revenue increased 8.0% to $693.7 million from $642.1 million for the nine-month period in 2011. Revenue before fuel surcharge increased 7.9% to $557.0 million compared to $516.3 million in the same period of 2011. Net income increased to $46.4 million, or $0.58 per diluted share, from $42.8 million, or $0.52 per diluted share, in the 2011 nine-month period. The first quarter of 2012 included a $4.0 million pretax non-cash stock compensation charge ($3.9 million after tax) relating to the accelerated vesting of certain stock options that had been issued prior to 2009. Excluding the non-cash charge, year-to-date net income would have increased 17.6% to $50.3 million, or $0.63 per diluted share, a 21.4% increase, when compared to the same period in 2011.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs