Updated Feb 20, 2025, 2:19 PM UTC
Income Statement - Metric | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING REVENUE (USD, thousands) | 295,026.00 | 275,347.00 | 1,207,458 | 270,320 | 274,754.00 | - | - | |||||||||||||
OPERATING EXPENSES (USD, thousands) | 302,467.00 | 264,642.00 | 1,165,073 | 284,703 | 274,491.00 | 266,998.00 | - | - | ||||||||||||
Salaries, wages, and benefits (USD, thousands) | 118,923.00 | 112,237.00 | 474,803 | 112,697 | 110,116.00 | 107,392.00 | - | - | ||||||||||||
Rent and purchased transportation (USD, thousands) | 26,674.00 | 24,464.00 | 112,749 | 23,863 | 21,688.00 | 18,342.00 | - | - | ||||||||||||
Fuel (USD, thousands) | 55,809.00 | 49,023.00 | 212,228 | 47,321 | 47,011.00 | 43,793.00 | - | - | ||||||||||||
Operations and maintenance (USD, thousands) | 16,596.00 | 15,689.00 | 63,358 | 16,264 | 16,732.00 | 19,338.00 | - | - | ||||||||||||
Operating taxes and licenses (USD, thousands) | 5,399.00 | 5,404.00 | 21,804 | 5,315 | 5,255.00 | 5,010.00 | - | - | ||||||||||||
Insurance and claims (USD, thousands) | 9,331.00 | 14,512.00 | 45,278 | 14,584 | 12,972.00 | 11,342.00 | - | - | ||||||||||||
Communications and utilities (USD, thousands) | 2,496.00 | 2,457.00 | 10,508 | 2,440 | 2,270.00 | 2,765.00 | - | - | ||||||||||||
Depreciation and amortization (USD, thousands) | 51,113.00 | 51,120.00 | 199,039 | 46,504 | 46,138.00 | 44,954.00 | - | - | ||||||||||||
Other operating expenses (USD, thousands) | 17,190.00 | 14,950.00 | 66,393 | 15,626 | 13,432.00 | 14,538.00 | - | - | ||||||||||||
Gain on disposal of property and equipment (USD, thousands) | (1,064.00) | (25,214.00) | (41,087) | 89 | (1,123.00) | (476.00) | - | - | ||||||||||||
Operating (loss) income (USD, thousands) | (7,441.00) | 10,705.00 | 42,385 | 263.00 | (7,137.00) | - | - | |||||||||||||
Interest income (USD, thousands) | 537.00 | 712.00 | 1,655 | 484 | 170.00 | (378.00) | - | - | ||||||||||||
Interest expense (USD, thousands) | (6,067.00) | (5,933.00) | (24,187) | (5,302) | (4,573.00) | (4,244.00) | - | - | ||||||||||||
(Loss) income before income taxes (USD, thousands) | (13,232.00) | 5,075.00 | 19,853 | (19,319) | (4,022.00) | (11,124.00) | - | - | ||||||||||||
Federal and state income taxes (benefit) (USD, thousands) | (2,529.00) | (20.00) | 5,078 | (4,211) | (544.00) | (1,841.00) | - | - | ||||||||||||
Net (loss) income (USD, thousands) | (10,703.00) | 5,095.00 | 14,775 | (3,478.00) | (9,283.00) | - | - | |||||||||||||
Comprehensive (loss) income (USD, thousands) | (10,703.00) | 5,095.00 | 14,775 | (15,108) | (3,478.00) | (9,283.00) | - | - | ||||||||||||
Net (loss) income per share - Basic (USD) | (0.14) | 0.07 | 0.19 | (0.05) | (0.11) | - | - | |||||||||||||
Net (loss) income per share - Diluted (USD) | (0.14) | 0.07 | 0.19 | (0.19) | (0.05) | (0.11) | - | - | ||||||||||||
Weighted average shares outstanding - Basic (thousands) | 10.00 | 7.00 | 79,010 | 79,044 | (65.00) | (165.00) | - | - | ||||||||||||
Weighted average shares outstanding - Diluted (thousands) | 17.00 | 10.00 | 79,079 | 79,122 | (71.00) | (185.00) | - | - | ||||||||||||
Dividends declared per share (USD) | 0.02 | 0.02 | 0.08 | 0.02 | 0.02 | 0.02 | - | - | ||||||||||||
Balance Sheet - Metric | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 |
Cash and cash equivalents (USD, thousands) | 20,101 | 28,123 | 28,123 | 23,823 | 23,861 | - | - | |||||||||||||
Trade receivables, net (USD, thousands) | 113,945 | 102,740 | 102,740 | 107,932 | 108,913 | 100,017 | - | - | ||||||||||||
Prepaid tires (USD, thousands) | 11,884 | 10,650 | 10,650 | 9,417 | 9,488 | 9,372 | - | - | ||||||||||||
Other current assets (USD, thousands) | 20,738 | 17,602 | 17,602 | 13,842 | 17,178 | 15,772 | - | - | ||||||||||||
Income tax receivable (USD, thousands) | 15,399 | 10,157 | 10,157 | 5,128 | 4,678 | 1,228 | - | - | ||||||||||||
Total current assets (USD, thousands) | 182,067 | 169,272 | 169,272 | 160,142 | 164,118 | 157,128 | - | - | ||||||||||||
Land and land improvements (USD, thousands) | 102,223 | 118,682 | 118,682 | 118,690 | 119,217 | 119,182 | - | - | ||||||||||||
Buildings (USD, thousands) | 153,164 | 149,780 | 149,780 | 149,788 | 151,715 | 151,679 | - | - | ||||||||||||
Furniture and fixtures (USD, thousands) | 7,014 | 6,835 | 6,835 | 6,835 | 6,825 | 6,824 | - | - | ||||||||||||
Shop and service equipment (USD, thousands) | 22,203 | 20,822 | 20,822 | 20,815 | 22,165 | 22,106 | - | - | ||||||||||||
Revenue equipment (USD, thousands) | 1,029,351 | 1,021,208 | 1,021,208 | 1,016,102 | 1,016,035 | 995,743 | - | - | ||||||||||||
Construction in progress (USD, thousands) | 15,762 | 2,582 | 2,582 | 4,161 | 1,434 | 2,051 | - | - | ||||||||||||
Property and equipment, gross (USD, thousands) | 1,329,717 | 1,319,909 | 1,319,909 | 1,316,391 | 1,317,391 | 1,297,585 | - | - | ||||||||||||
Less accumulated depreciation (USD, thousands) | (403,585) | 434,558 | 434,558 | 474,940 | 514,644 | 536,948 | - | - | ||||||||||||
Property and equipment, net (USD, thousands) | 926,132 | 885,351 | 885,351 | 841,451 | 802,747 | 760,637 | - | - | ||||||||||||
Goodwill (USD, thousands) | 322,597 | 322,597 | 322,597 | 322,597 | 322,597 | 322,597 | - | - | ||||||||||||
Other intangibles, net (USD, thousands) | 99,799 | 98,537 | 98,537 | 97,283 | 96,029 | 94,774 | - | - | ||||||||||||
Other assets (USD, thousands) | 31,979 | 14,953 | 14,953 | 15,467 | 15,156 | 15,570 | - | - | ||||||||||||
Deferred income taxes, net - Asset (USD, thousands) | 1,495 | 1,494 | 1,494 | 1,401 | 1,304 | 1,158 | - | - | ||||||||||||
Operating lease right of use assets (USD, thousands) | 11,453 | 17,442 | 17,442 | 14,144 | 11,483 | 9,589 | - | - | ||||||||||||
Total Assets (USD, thousands) | 1,575,522 | 1,509,646 | 1,509,646 | 1,452,485 | 1,413,434 | - | - | |||||||||||||
Accounts payable and accrued liabilities (USD, thousands) | 60,269 | 37,777 | 37,777 | 35,704 | 40,017 | 41,618 | - | - | ||||||||||||
Compensation and benefits (USD, thousands) | 29,922 | 28,492 | 28,492 | 29,739 | 28,417 | 29,294 | - | - | ||||||||||||
Insurance accruals (USD, thousands) | 16,058 | 21,507 | 21,507 | 24,153 | 25,678 | 24,561 | - | - | ||||||||||||
Long-term debt and finance lease liabilities - current portion (USD, thousands) | 9,131 | 9,303 | 9,303 | 8,986 | 8,644 | 8,734 | - | - | ||||||||||||
Operating lease liabilities - current portion (USD, thousands) | 7,520 | 9,259 | 9,259 | 7,740 | 7,018 | 6,790 | - | - | ||||||||||||
Other accruals (USD, thousands) | 19,215 | 17,138 | 17,138 | 21,146 | 24,063 | 23,728 | - | - | ||||||||||||
Total current liabilities (USD, thousands) | 142,115 | 123,476 | 123,476 | 127,468 | 133,837 | 134,725 | - | - | ||||||||||||
Income taxes payable (USD, thousands) | 6,318 | 6,270 | 6,270 | 6,238 | 6,012 | 6,119 | - | - | ||||||||||||
Long-term debt and finance lease liabilities less current portion (USD, thousands) | 334,796 | 290,696 | 290,696 | 254,616 | 228,522 | - | - | |||||||||||||
Operating lease liabilities less current portion (USD, thousands) | 3,933 | 8,183 | 8,183 | 6,404 | 4,465 | 2,799 | - | - | ||||||||||||
Deferred income taxes, net - Liability (USD, thousands) | 195,300 | 189,121 | 189,121 | 179,850 | 173,198 | 163,769 | - | - | ||||||||||||
Accident and work comp accruals less current portion (USD, thousands) | 31,930 | 26,640 | 26,640 | 29,119 | 30,634 | 30,239 | - | - | ||||||||||||
Total long-term liabilities (USD, thousands) | 572,277 | 520,910 | 520,910 | 476,227 | 442,831 | 400,979 | - | - | ||||||||||||
Capital stock, common (USD, thousands) | 907 | 907 | 907 | 907 | 907 | 907 | - | - | ||||||||||||
Additional paid-in capital (USD, thousands) | 4,261 | 4,527 | 4,527 | 4,518 | 4,333 | - | - | |||||||||||||
Retained earnings (USD, thousands) | 1,056,579 | 1,060,094 | 1,060,094 | 1,043,404 | 1,038,357 | 1,027,505 | - | - | ||||||||||||
Treasury stock, at cost (USD, thousands) | (200,617) | (200,268) | (200,268) | (200,039) | (206,831) | (205,978) | - | - | ||||||||||||
Total Stockholders' Equity (USD, thousands) | 861,130 | 865,260 | 865,260 | 848,790 | 836,766 | 825,749 | - | - | ||||||||||||
Total Liabilities and Stockholders' Equity (USD, thousands) | 1,575,522 | 1,509,646 | 1,509,646 | 1,452,485 | 1,413,434 | 1,361,453 | - | - | ||||||||||||
Cash Flow - Metric | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 |
Net (loss) income [USD, thousands] | (10,703.00) | 5,095.00 | 14,775 | (3,478.00) | (9,283.00) | - | - | |||||||||||||
Depreciation and amortization [USD, thousands] | 51,113.00 | 51,120.00 | 199,039 | 46,504 | 46,138.00 | 44,954.00 | - | - | ||||||||||||
Stock-based compensation expense [USD, thousands] | 535,161.00 | 1,620 | 283 | 399.00 | 60.00 | - | - | |||||||||||||
Debt-related amortization [USD, thousands] | 267.00 | 263.00 | 1,069 | 263 | 262.00 | 264.00 | - | - | ||||||||||||
Gain on disposal of property and equipment [USD, thousands] | (1,064.00) | (25,214.00) | (41,087) | 89 | (1,123.00) | (476.00) | - | - | ||||||||||||
Net cash provided by operating activities [USD, thousands] | 27,195.00 | 40,816.00 | 165,267 | 39,990.00 | 35,594.00 | - | - | |||||||||||||
Proceeds from sale of property and equipment [USD, thousands] | 20,822.00 | 42,659.00 | 137,319 | 6,649 | 5,934.00 | 15,115.00 | - | - | ||||||||||||
Purchases of property and equipment [USD, thousands] | (68,844.00) | (31,735.00) | (10,547.00) | (10,985.00) | - | - | ||||||||||||||
Change in other assets [USD, thousands] | (37.00) | 3,028.00 | 3,410 | 0 | 30,419.00 | (37.00) | - | - | ||||||||||||
Net cash provided by (used in) investing activities [USD, thousands] | (48,059.00) | 13,952.00 | (67,867) | 1,952 | (4,583.00) | 4,130.00 | - | - | ||||||||||||
Payment of cash dividends [USD, thousands] | (1,580.00) | - | - | - | - | (1,569.00) | - | - | ||||||||||||
Shares withheld for employee taxes related to stock-based compensation [USD, thousands] | (58.00) | (77.00) | (290) | (63) | (95.00) | (225.00) | - | - | ||||||||||||
Repayments of finance leases and debt [USD, thousands] | (5,114.00) | (44,191.00) | (114,078) | (36,660) | (26,698.00) | (30,643.00) | - | - | ||||||||||||
Repurchases of common stock [USD, thousands] | - | - | 0 | - | - | 0.00 | - | - | ||||||||||||
Net cash used in financing activities [USD, thousands] | (6,752.00) | (47,429.00) | (120,690) | (36,723) | (35,656.00) | (32,437.00) | - | - | ||||||||||||
Net increase (decrease) in cash, cash equivalents and restricted cash [USD, thousands] | (27,616.00) | 7,339.00 | (23,290) | (3,795) | (249.00) | 7,287.00 | - | - | ||||||||||||
Cash paid during the period for interest expense [USD, thousands] | 5,174.00 | 5,665.00 | 22,444 | 5,289 | 5,365.00 | 3,642.00 | - | - | ||||||||||||
Cash paid during the period for income taxes, net of refunds [USD, thousands] | 3,398.00 | 997.00 | 30,135 | (77) | 5,937.00 | 4,170.00 | - | - | ||||||||||||
Purchased property and equipment in accounts payable [USD, thousands] | 3,587.00 | (18,358.00) | 3,912 | 4,812 | 562.00 | 6,712.00 | - | - | ||||||||||||
Sold revenue equipment and property in other current assets [USD, thousands] | 1,595.00 | 427.00 | 2,516 | 0 | 0.00 | 1,253.00 | - | - | ||||||||||||
Common stock dividends declared in accounts payable [USD, thousands] | 1.00 | - | - | 1,582 | (13.00) | 0.00 | - | - | ||||||||||||
Acquisition of business, net of cash acquired [USD, thousands] | - | - | 0 | - | - | - | - | - | ||||||||||||
Proceeds from issuance of long-term debt [USD, thousands] | - | - | 0 | - | - | - | - | - | ||||||||||||
Cash dividends paid [USD, thousands] | - | - | (6,322) | - | - | - | - | - | ||||||||||||
Deferred income taxes [USD, thousands] | (11,903) | (18,081) | (18,081) | (9,178) | (15,733) | (25,016) | - | - | ||||||||||||
Trade receivables [USD, thousands] | 25,874 | 37,079 | 37,079 | (5,192) | (6,173) | 2,723 | - | - | ||||||||||||
Prepaid expenses and other current assets [USD, thousands] | 4,604 | 9,065 | 9,065 | 2,586 | (647) | 2,297 | - | - | ||||||||||||
Accounts payable, accrued liabilities, and accrued expenses [USD, thousands] | (25,176) | (30,998) | (30,998) | 5,732 | 14,069 | 8,030 | - | - | ||||||||||||
Accrued income taxes [USD, thousands] | (12,408) | (7,214) | (7,214) | 4,997 | 5,221 | 8,778 | - | - | ||||||||||||
Beginning of period Cash, cash equivalents and restricted cash [USD, thousands] | 64,478 | 64,478 | 64,478 | 41,188 | 41,188 | 41,188 | - | - | ||||||||||||
End of period Cash, cash equivalents and restricted cash [USD, thousands] | 33,849 | 41,188 | 41,188 | 37,393 | 37,144 | 44,431 | - | - | ||||||||||||
Cash and cash equivalents [USD, thousands] | 20,101 | 28,123 | 28,123 | 23,823 | 23,861 | 30,739 | - | - | ||||||||||||
Restricted cash included in other current assets [USD, thousands] | 299 | 332 | 332 | 323 | 317 | 312 | - | - | ||||||||||||
Restricted cash included in other assets [USD, thousands] | 13,449 | 12,733 | 12,733 | 13,247 | 12,966 | 13,380 | - | - | ||||||||||||
Total cash, cash equivalents and restricted cash [USD, thousands] | 33,849 | 41,188 | 41,188 | 37,393 | 37,144 | 44,431 | - | - | ||||||||||||
Fair value of revenue equipment traded [USD, thousands] | - | 0 | 0 | - | - | - | - | - | ||||||||||||
Revenue by Segment - in Millions of USD | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 |
Fuel Surcharge Revenue | - | - | - | - | 36.8 | 32.8 | - | - | ||||||||||||
Accessorial, Brokerage, and Other | - | - | - | - | 20.0 | 18.4 | - | - | ||||||||||||
Operating Revenue Excl. Fuel | - | - | - | - | - | 227.0 | - | - | ||||||||||||
Total Revenue | - | - | - | 270.3 | 274.8 | 259.9 | 242.5 | 1,047.5 |