Knight Transportation Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First and Second Quarter of 2014
For the year, the company reported total revenues of $969,237,000 compared with $936,036,000 for the same period a year ago. Income from operations was $113,909,000 compared with $108,267,000 for the same period a year ago. Income before income taxes was $116,704,000 compared with $109,777,000 for the same period a year ago. Net income attributable to company was $69,282,000 or $0.86 per diluted share compared with $64,117,000 or $0.80 per diluted share for the same period a year ago. Net capital expenditures was $85,368,000 compared with $120,844,000 for the same period a year ago. Cash flow from operations was $138,985,000 compared with $150,820,000 for the same period a year ago.
For the first quarter of 2014, the company's guidance is $0.19 to $0.21 per diluted share.
For the second quarter of 2014 the expected range is $0.24 to $0.26 per diluted share.