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Author: TMFJMo Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1388  
Subject: Heartland Express 2Q2011 Earnings Date: 7/20/2011 11:03 AM
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Here's the link:

•  Missed estimates on revenue, beat on EPS;
•  Operating revenue up 7.7%;
•  Net income up 35%;
•  Fuel surcharges up up 50%;
•  Demand up thanks to capacity;
•  Negative impacts by tight driver availability and escalating fuel prices;
•  Pool of qualified drivers shrinking; presenting challenges;
•  84.7% of the company's fleet 2010 models and newer;
•  2Q marked completion of the installation of PeopleNet electronic on-board recorders for entire fleet;
•  The Company ended the quarter with cash, equivalents,and investments totaling $218.5 million, an $8.7 million increase from the $209.8 million a year ago;
•  Declared dividend of $0.02 per share during the quarter.

All in all good stuff. The stock is selling off a bit today I bet more due to concerns of fuel, driver and uncertain short-term outlook, along with the fact that they did miss on revnenue. No worries here though. I like this one for the long-haul and think it'll continue to do well. I would also never rule out adding to this one if the price became too irresistable.


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