Heartland Express, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023
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Heartland Express, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 295.03 million compared to USD 273.98 million a year ago. Net loss was USD 10.7 million compared to net income of USD 24.42 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to basic earnings per share from continuing operations of USD 0.31 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to diluted earnings per share from continuing operations of USD 0.31 a year ago.
For the nine months, sales was USD 932.11 million compared to USD 613.07 million a year ago. Net income was USD 9.68 million compared to USD 118.1 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 1.5 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 1.5 a year ago.
Heartland Express, Inc. is a holding company. The Company, together with its subsidiaries, is a short, medium and long-haul truckload carrier and transportation services provider. It primarily provides a nationwide asset-based dry van truckload service for various shippers across the United States, along with cross-border freight and other transportation services offered through third party partnerships in Mexico. The Companyâs primary customers include retailers, manufacturers and parcel carriers. Its over-the-road tractors are equipped with mobile communication systems. It operates 31 terminal facilities throughout the contiguous United States and one in Mexico. The Companyâs subsidiaries include Heartland Express, Inc. of Iowa, Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc., Midwest Holding Group, LLC, Millis Transfer, LLC, Smith Transport, Inc. and others.