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Truckload Carrier Heartland Express recorded a sixth quarterly quarterly net loss (excluding unique earnings), but pointed to improve the foundations until the new year.
North Liberty, Heartland based on Iowa (NASDAQ: HTLD) reported a net loss of $ 1.9 million, or 2 cents per action, for the fourth quarter of 2024 (only a loss of one hundred percent excluding amortization expense related to the agreement) . The result was better than the expectation of consensus of a loss of 4 cents for the period.
The carrier reported earnings by 6 cents in the previous year. However, this quarter included non -recurring earnings of $ 25.6 million from the sale of three terminals.
In a statement on Tuesday, CEO Mike Gerdin precapidated the favorable trends until the first quarter with the expectation of the Momentum building throughout the year.
“Although it is in the beginning of the quarter and the weather conditions of winter so far in 2025 they make it difficult to compare, we are seeing a positive change in the negotiations of the rate and the volume of clients we hope to strengthen as it develops. ‘Year, “said Gerdin.
The fourth quarter included $ 6 million in the sale of used teams, which analysts see them as part of normal operations and a recurring trip to operating costs. However, Heartland’s earnings in team sales by 2024 were very weighted until the fourth quarter (80% of the total full year) and benefited from the period approximately 6 cents when a type was used of standardized tax.
The revenue of the fourth quarter of $ 242.6 million was 11.9% lower year -on -year and 8.9% lower when the impact of fuel surcharges excludes. Income, excluding fuel, was 5.5% lower than in the third quarter.
Heartland does not provide operational metrics for use and prices.
The carrier reserved a tight operation of 98.9% (operating expenses expressed in a percentage of income), which was 400 basic points worse than the fourth quarter of 2023 (including real estate earnings), but An improvement of 105.8% or excludes the gain.
Wages, salaries and profits (as a percentage of income) dropped from 60 BPS and/Y, and rent and the acquired transport expenses dropped 220 BPS. Operations and maintenance costs were 190 PBs higher, as the Middle Ages of the tractor increased to 2.5 years in the quarter from 2.2 years of the period of the year.
The average age of the company’s tractor for the current cycle reached 2.7 years in the third quarter.
SONGRAGE: Out -on tender reject index for 2025 (blue shadow area), 2024 (green line) and 2023 (pink line). A proxy for truck capacity, the outgoing tender reject index, shows the number of carriers’ burdens. Current tender rejection exceeds depressed levels seen in January 2024 and January 2023, and approach market balance. For more information on the sounding, Click here. Heartland has seen a prolonged section of hard results in part due to the severity of the goods recession acquired two fleets (Smith Transport and Contract FreigTers) In the summer of 2022 – the first days of the fall.
