Knight-Swift sees Q1 adjusted EPS 29c-33c, consensus 30c

Sees truckload revenue seasonally down low-to mid single-digit % sequentially in Q1, with operating margins declining modestly sequentially in Q1 and tractor count down low single-digit % sequentially in Q1. Sees Q1 less-than-truckload revenue growth between 20-25%, excluding fuel surcharge, year-over-year in Q1 and Q2, with Logistics revenue up high single-digit % year-over-year in both Q1 and Q2. Sees Net interest expense down modestly sequentially in Q1 and stable sequentially into Q2 Sees net cash capital expenditures for the full year 2025 expected range of $575M – $625M. Sees effective tax rate on our adjusted results of approximately 24.5% to 25.5% for the full year 2025. Comments taken from Q4 earnings conference call presentation slides.