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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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