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Knight-Swift Transportation Holdings Inc

For the period ended Sep 30, 2024. Filed Oct 30, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Oct 30, 2024

KNX$58.41-1.8%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2024

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number:001-35007

Knight-Swift Transportation Holdings Inc.

(Exact name of registrant as specified in its charter)

Delaware20-5589597
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

2002 West Wahalla Lane

Phoenix, Arizona 85027

(Address of principal executive offices and zip code)

(602)269-2000

(Registrant's telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock $0.01 Par ValueKNXNew York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer☒Accelerated Filer☐
Non-accelerated Filer☐Smaller Reporting Company☐
Emerging Growth Company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒

There were approximately 161,893,000 shares of the registrant's common stock outstanding as of October 23, 2024.

Glossary of Terms

QUARTERLY REPORT ON FORM 10-Q
TABLE OF CONTENTS
PART I FINANCIAL INFORMATIONPAGE
Item 1. Financial Statements4
Condensed Consolidated Balance Sheets (Unaudited) — September 30, 2024 and December 31, 20234
Condensed Consolidated Statements of Comprehensive Income (Unaudited) — Quarter and year-to-date ended September 30, 2024 and 20235
Condensed Consolidated Statements of Cash Flows (Unaudited) — Quarter and year-to-date ended September 30, 2024 and 20236
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) — Quarter and year-to-date ended September 30, 2024 and 20238
Note 1 — Introduction and Basis of Presentation10
Note 2 — Recently Issued Accounting Pronouncements11
Note 3 — Acquisitions11
Note 4 — Income Taxes14
Note 5 — Accounts Receivable Securitization15
Note 6 — Debt and Financing16
Note 7 — Defined Benefit Pension Plan18
Note 8 — Purchase Commitments18
Note 9 — Contingencies and Legal Proceedings19
Note 10 — Share Repurchase Plans19
Note 11 — Weighted Average Shares Outstanding20
Note 12 — Fair Value Measurement21
Note 13 — Related Party Transactions23
Note 14 — Financial Information by Segment and Geography24
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations25
Item 3. Quantitative and Qualitative Disclosures About Market Risk58
Item 4. Controls and Procedures59
PART II OTHER INFORMATION
Item 1. Legal Proceedings60
Item 1A. Risk Factors60
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds60
Item 3. Defaults Upon Senior Securities60
Item 4. Mine Safety Disclosures60
Item 5. Other Information60
Item 6. Exhibits61
Signatures62
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.