Heartland Express reported a net income of $13.2 million and an operating revenue of $166.3 million for the first quarter of 2020. The company's operating ratio was 89.6%, and the non-GAAP adjusted operating ratio was 88.2%.
Net income was $13.2 million, with basic earnings per share of $0.16.
Operating revenue reached $166.3 million, a 19.2% increase over the previous year.
Operating income amounted to $17.3 million.
The company maintained a strong cash balance of $64.2 million and stockholders' equity of $684.7 million.
The Company currently anticipates a total of approximately $85 to $95 million in net capital expenditures for the remainder of calendar year 2020.
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