Knight Transportation Reports Fourth Quarter And Annual 2012 Revenue And Earnings
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 fourth quarter and full year ended December 31, 2012.
Key financial highlights for the fourth quarter and year were as follows:
| Three Months Ended December 31, (dollars in thousands, except per share data) | Twelve Months Ended December 31, (dollars in thousands, except per share data) | |||||||||||||||||||||||||
| 2012 | 2011 | % Change | 2012 | 2011 | % Change | |||||||||||||||||||||
| Total revenue | $ | 242,303 | $ | 224,100 | 8.1 | % | $ | 936,036 | $ | 866,199 | 8.1 | % | ||||||||||||||
| GAAP operating income | $ | 28,564 | $ | 29,235 | -2.3 | % | $ | 108,267 | $ | 100,021 | 8.2 | % | ||||||||||||||
| Adjusted operating income (1) | NA | NA | NA | $ | 112,248 | $ | 100,021 | 12.2 | % | |||||||||||||||||
| GAAP net income | $ | 17,698 | $ | 17,469 | 1.3 | % | $ | 64,117 | $ | 60,248 | 6.4 | % | ||||||||||||||
| Adjusted net income (1) | NA | NA | NA | $ | 68,011 | $ | 60,248 | 12.9 | % | |||||||||||||||||
| GAAP earning per diluted share | $ | 0.22 | $ | 0.22 | 1.0 | % | $ | 0.80 | $ | 0.74 | 8.9 | % | ||||||||||||||
| Adjusted earnings per diluted share (1) | NA | NA | NA | $ | 0.85 | $ | 0.74 | 15.5 | % | |||||||||||||||||
| (1) See GAAP to Non-GAAP reconciliation schedule |
The company previously announced a quarterly cash dividend of $0.06 per share and a special cash dividend of $0.50 to shareholders of record on December 7, 2012, both of which were paid on December 28, 2012.
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