Heartland Express, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 31, 2023 at 09:00 am
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Heartland Express, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 306.17 million compared to USD 187.82 million a year ago. Net income was USD 7.77 million compared to USD 76.91 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.97 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.97 a year ago.
For the six months, sales was USD 637.09 million compared to USD 339.1 million a year ago. Net income was USD 20.38 million compared to USD 93.68 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 1.19 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 1.19 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.