This Day On The Street
Continue to site
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 Third Quarter 2013 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 third quarter ended Sept 30, 2013.

Key financial highlights for the third quarter and first nine months of 2013 and 2012 were as follows:

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

Nine Months Ended Sept 30,(dollars in thousands, except per share data)
2013   2012  

2013   2012  

Total revenue $239,338 $237,933 0.6% $719,521 $693,733 3.7%
Revenue, excluding trucking fuel surcharge $195,847 $192,550 1.7% $585,551 $556,987 5.1%
GAAP operating income $24,274 $27,767 -12.6% $81,743 $79,703 2.6%
Adjusted operating income NA NA NA $81,743

$83,684 (1)
GAAP net income $15,059 $16,584 -9.2% $49,181 $46,418 6.0%
Adjusted net income NA NA NA $49,181

$50,312 (1)
GAAP earnings per diluted share $0.19 $0.21 -9.7% $0.61 $0.58 5.6%
Adjusted earnings per diluted share NA NA NA $0.61

$0.63 (1)

(1) The 1 st quarter of 2012 included a $4.0 million non-cash charge ($3.9 million after tax) for stock option acceleration. See GAAP to Non-GAAP reconciliation schedule. GAAP and Non-GAAP measurements for 2013 are identical.

The company previously announced a quarterly cash dividend of $0.06 per share to shareholders of record on September 6, 2013, which was paid on September 25, 2013.

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,131.86 +47.37 0.28%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,838.6430 +8.1730 0.17%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs