KNX - Knight-Swift Transportation Holdings Inc. (KNX) Q1 2024 Earnings Call Transcript

2024-04-24 23:32:07 ET

Call Start: 16:30

Call End: 17:31

Knight-Swift Transportation Holdings Inc. (KNX)

Q1 2024 Earnings Conference Call

April 24, 2024 16:30 ET

Company Participants

Adam Miller - Chief Executive Officer

Brad Stewart - Treasurer & Senior Vice President of Investor Relations

Andrew Hess - Chief Financial Officer

Conference Call Participants

Ravi Shanker - Morgan Stanley

Tom Wadewitz - UBS

Amit Mehrotra - Deutsche Bank

Scott Group - Wolfe Research

Ken Hoexter - Bank of America

Jordan Alliger - Goldman Sachs

Brian Ossenbeck - JPMorgan

Bascome Majors - Susquehanna

Presentation

Operator

Good afternoon. My name is John and I'll be your conference operator today. At this time, I would like to welcome everyone to the Knight-Swift Transportation First Quarter 2024 Earnings Call. [Operator Instructions] Speakers from today's call will be Adam Miller, Chief Executive Officer; Andrew Hess, Chief Financial Officer; Brad Stewart, Treasurer and Senior Vice President of Investor Relations. Mr. Miller, the meeting is now yours.

Adam Miller

Thank you, John and good afternoon, everyone and thank you for joining our first quarter 2024 earnings call. Today, we plan to discuss topics related to the results of the quarter, current market conditions and our earnings guidance. We have slides to accompany this call which are posted on our investor website. Our call is scheduled to last 1 hour. And following our commentary, we will answer questions related to these topics. In order to get to as many participants as possible, we limit the questions to 1 per participant. If you have a second question, please feel free to get back in the queue, we will answer as many questions as time allows. If were not able to get to your question due to time restrictions, you may call (602) 606-6349.

Now before we jump into the slides, I want to introduce the 2 gentlemen that will be joining me on the call today for the first time: Andrew Hess and Brad Stewart. Andrew Hess is our newly appointed CFO. Andrew has been with our company for the last 5 years and has served in several financial roles, including the VP of Finance at Knight when he started in 2019, then led our M&A efforts beginning in January of 2021. Andrew played a significant role in closing on the AAA Cooper, MME and U.S. Xpress acquisitions. And just prior to becoming the CFO, Andrew was leading the finance efforts at Swift, along with continued oversight of M&A. So we want to welcome Andrew to the call.

And then many of you may be familiar with Brad Stewart as he has been leading our Investor Relations activity for the past year. Brad is our Treasurer and has held various finance leadership roles in the Knight and Swift businesses over the past several years and Brad has been with the company for 20 years now. I'm excited to welcome both Brad and Andrew to the call.

And with that, I will now turn the call over to Brad.

Brad Stewart

Thank you, Adam. To begin, I will first refer you to the disclosures on Slide 2 of the presentation and note the following. This conference call and presentation may contain forward-looking statements made by the company that involve risks, assumptions and uncertainties that are difficult to predict. Investors are directed to the information contained in Item 1A Risk Factors or Part 1 of the company's annual report on Form 10-K filed with the United States Securities and Exchange Commission for a discussion of the risks that may affect the company's future operating results. Actual results may differ....

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