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Trucking company Heartland Express' Q2 net loss widens

ReutersJul 24, 2025 1:13 PM


Overview

  • Heartland Express Q2 operating revenue falls to $210.4 mln, missing estimates

  • Net loss widens to $10.9 mln, missing analyst expectations

  • Co repurchased 1 mln shares, reduced debt by $300 mln since 2022


Outlook

  • Heartland Express expects freight demand improvement later in 2025

  • Company anticipates positive freight outlook in 2026

  • Heartland Express aims to complete telematics transition by Q3 2025

  • Company plans common transportation system by December 2025


Result Drivers

  • WEAK FREIGHT DEMAND - Co cites weak freight demand as a major factor impacting Q2 results

  • RISING OPERATING COSTS - Increased operating costs contributed to financial challenges, per CEO Mike Gerdin

  • TELEMATICS TRANSITION - CFI fleet undergoing telematics transition to improve driver utilization, expected completion in Q3 2025


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Operating revenue

Miss

$210.40 mln

$226.80 mln (4 Analysts)

Q2 Net Income

Miss

-$10.90 mln

-$6.13 mln (2 Analysts)

Q2 Basic EPS

-$0.14

Press Release: ID:nGNX110v3j

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