Heartland Express, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015
January 26, 2016 at 10:00 am EST
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Heartland Express, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported operating revenue of $174,605,000 against $202,997,000 a year ago. Operating income was $27,719,000 against $34,247,000 a year ago. Income before income taxes was $27,772,000 against $34,216,000 a year ago. Net income was $17,015,000 against $21,544,000 a year ago. Basic and diluted earnings per share were $0.20 against $0.25 a year ago. Operating revenues decreased 6.2% excluding the impact of fuel surcharge revenues. The decrease in operating income period over period was largely due to a decrease in operating revenues, excluding fuel surcharge.
For the year, the company reported operating revenue of $736,345,000 against $871,355,000 a year ago. Operating income was $116,580,000 against $131,868,000 a year ago. Income before income taxes was $116,771,000 against $131,617,000 a year ago. Net income was $73,056,000 against $84,834,000 a year ago. Basic and diluted earnings per share were $0.84 against $0.96 a year ago. Operating revenues decreased 8.0%, excluding the impact of fuel surcharge revenues. Operating income for the twelve month period was positively impacted by a $19.7 million decrease in net fuel expense.
Heartland Express, Inc. is a holding company. The Company, together with its subsidiaries, is a short, medium and long-haul truckload carrier and transportation services provider. It primarily provides a nationwide asset-based dry van truckload service for various shippers across the United States, along with cross-border freight and other transportation services offered through third party partnerships in Mexico. The Companyâs primary customers include retailers, manufacturers and parcel carriers. Its over-the-road tractors are equipped with mobile communication systems. It operates 31 terminal facilities throughout the contiguous United States and one in Mexico. The Companyâs subsidiaries include Heartland Express, Inc. of Iowa, Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc., Midwest Holding Group, LLC, Millis Transfer, LLC, Smith Transport, Inc. and others.
HEARTLAND EXPRESS, INC. 
