Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Q1 2023 Earnings Conference Call April 20, 2023 4:30 PM ET
Company Participants
David Jackson - President and CEO
Adam Miller - CFO
Conference Call Participants
Tom Wadewitz - UBS
Jack Atkins - Stephens
Ravi Shanker - Morgan Stanley
Ken Hoexter - Bank of America
Jordan Alliger - Goldman Sachs
Bascome Majors - Susquehanna
Operator
Good afternoon. My name is JP, and I'll be your conference operator today. At this time I would like to welcome everyone to the Knight-Swift Transportation First Quarter 2023 Earnings Call. [Operator Instructions] Speakers from today's call will be Dave Jackson, President and CEO; Mr. Adam Miller, CFO.
Mr. Miller, the meeting is now yours.
Adam Miller
Thank you JP, and good afternoon, everyone, and thank you for joining our first quarter 2023 earnings call. Today, we plan to discuss topics related to the results of the quarter, provide an update on current market conditions and update our full year 2023 guidance. We have slides to accompany this call, which are posted on our investor website.
Our call is scheduled to go until 5:30 PM Eastern Time. Following our commentary, we will answer many questions on these topics as we receive. We are going to limit questions to one per participant and if you have a second question please feel free to get back to the queue. We will answer as many questions as time will allow. If we're not able to get to your question due to time restrictions, you may call (602) 606-6349.
To begin, I'll first refer you to the disclosure on Slide 2 of the presentation and note the following. This conference call and presentation may contain forward-looking statements made by the company that involve risks, assumptions and uncertainties that are difficult to predict. Investors are directed to the information contained in Item 1A Risk Factors or Part 1 of the company's annual report on Form 10-K filed with the United States SEC for a discussion of the risks that may affect the company's future operating results. Actual results may differ.
Before we get into the slides, I want to turn the call over to Dave Jackson for a few opening remarks.
David Jackson
Thanks, Adam and good afternoon. Good evening, everyone. Appreciate you joining our call. I wanted to begin by acknowledging that we recognize that we cannot entirely escape the cyclicality of the full truckload industry. But we have taken intentional steps for years to maximize our performance in every phase of the cycle. This is included truckload acquisitions, the development of technology and a business strategy to create maximum value for our customers in strong times, and to diversify our income streams to mitigate the downside pressure through the bottom of cycles.