Apr. 16 at 8:52 PM
Knight-Swift Transportation cut its Q1 2026 earnings outlook and introduced Q2 guidance, citing several one-off and operational headwinds.
The company now expects Q1 adjusted EPS of
$0.08–
$0.10, sharply down from its prior forecast of
$0.28–
$0.32 and below the
$0.26 analyst consensus. The shortfall was driven by multiple factors, including an
$0.08 per share impact from claims development in its LTL segment tied to an unfavorable arbitration ruling related to a 2022 incident. Additional pressures included a
$0.05 impact from deferred project business in logistics operations,
$0.02 from an adverse VAT ruling in Mexico, and an estimated
$0.05–
$0.06 hit from severe winter weather and higher fuel costs.
For Q2 2026, Knight-Swift expects adjusted EPS of
$0.45–
$0.49, broadly in line with the
$0.48 consensus. The company noted that the sequential improvement reflects the non-recurring nature of Q1 headwinds and improving freight market fundamentals.
$KNX