Knight Transportation, Inc. (NYSE: KNX)(''Knight''), one of North America’s largest and most diversified truckload transportation companies, today provided an update on its guidance for the third and fourth quarters of 2013. Based on preliminary results, Knight now expects earnings per diluted share will range from:
- $0.18 to $0.20 for its third quarter ended September 30, 2013, compared with its prior estimates of $0.22 to $0.24; and
- $0.20 to $0.23 for its fourth quarter ending December 31, 2013, compared with its prior estimates of $0.22 to $0.25.
Forward-Looking StatementsThis press release may contain forward-looking statements made by the Company that involve risks, assumptions and uncertainties that are difficult to predict. Investors are directed to the information contained in Item 7A ('' Quantitative and Qualitative Disclosures About Market Risk'') of Part II of the Company’s Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission, for a discussion of the risks that may affect the Company’s future operating results. Actual results may differ. Some statements set forth in this press release, and prior press releases regarding Knight’s proposal to acquire USA Truck and the expected impact of an acquisition of USA Truck on Knight and its financial results and operations, contain forward-looking statements that are subject to change. Statements including words such as ''believe'', ''expect'', or similar words as well as statements in the future tense are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual events or actual future results to differ materially from the expectations set forth in the forward-looking statements. Some of the factors which could cause results to differ materially from the expectations expressed in these forward-looking statements include the following: the possibility that an acquisition of USA Truck by Knight may not be completed; the risk that, if the acquisition is completed, Knight may face difficulty or be unable to enhance the performance of USA Truck’s operations or successfully integrate USA Truck’s operations; and other factors identified from time-to-time in Knight’s filings with the Securities and Exchange Commission. All forward-looking statements in this press release are qualified by these cautionary statements and are made only as of the date of this news release.