KNIGHT TRANSPORTATION INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2017 10-Q, filed Aug 8, 2017. Its latest SEC filing is a 4/A from Apr 11, 2018.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Moves full truckloads of freight and arranges truckload, rail, and other logistics services for customers.

How Did They Make Money?

Customers pay for truckload transportation and logistics services; delivery of the freight is when the service charge is counted.

FY2016 revenue

Who Were Their Customers?

Serves a diversified customer base with truckload capacity, dedicated routes, and logistics options arranged through third-party carriers and rail providers.

Customers above 10% of revenue, FY2016

of revenue from one customer

FY2014: 4% from one customer

Did Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2016 and turned 8 cents into free cash flow.

Operating income, FY2016

13% of revenue

▼ −17% vs FY2015 ($178M, 15%)

Net income, FY2016

8% of revenue

▼ −20% vs FY2015 ($116.7M, 10%)

Free cash flow, FY2016

8% of revenue

▲ Now profitable vs FY2015 (−$15.9M, −1%)

How Were They Changing?

Since the FY2016 annual report

Latest quarter: Q2 FY2017, the three months to Jun 30, 2017

Revenue: ▼ −1%; vs $276.3M in Q2 FY2016
Net income: ▼ −28%; vs $24.9M in Q2 FY2016

Sep 11, 2017 Knight and Swift completed their merger, making Knight a wholly owned subsidiary Knight's shares were delisted from the NYSE as Knight-Swift shares began trading under KNX.

Grew. Revenue grew 15% in 3 years, from $969.2M in FY2013 to $1.1B in FY2016, about 5% a year.

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