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Mar 31, 2021
Heartland Express Q1 2021 Earnings Report
Reported strength in profit, operating efficiency, and cash build-up.
Key Takeaways
Heartland Express reported a strong first quarter with improved operating income and cost control, resulting in an operating ratio of 88.0% and a non-GAAP adjusted operating ratio of 86.5%. The company generated an additional $34 million of cash on hand during the quarter.
Net income was $13.7 million, with basic earnings per share of $0.17.
Operating revenue reached $152.4 million.
Operating income totaled $18.3 million, a 5.5% increase compared to Q1 2020.
Cash balance stood at $148.2 million, with total assets of $949.4 million.
Forward Guidance
The Company anticipates approximately $85 to $95 million in net capital expenditures for the remainder of calendar year 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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