U.S. Xpress Enterprises, Inc. (USX) Q4 2022 Earnings Conference Call February 9, 2023 5:00 PM ET

Company Participants

Matt Garvie - Vice President, Investor Relations

Eric Fuller - President and CEO

Eric Peterson - Chief Financial Officer

Conference Call Participants

Ken Hoexter - Bank of America

Christyne McGarvey - Morgan Stanley

Brian Ossenbeck - JPMorgan

Operator

Ladies and gentlemen, thank you for standing by. My name is Brent, and I will be your conference operator today. At this time, I would like to welcome everyone to the U.S. Xpress Enterprises, Inc. Fourth Quarter Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. It’s my pleasure to turn today’s call over to Mr. Matt Garvie, Vice President of Investor Relations. Sir, please go ahead.

Matt Garvie

Thank you, Operator, and good afternoon, everyone. Welcome to the U.S. Xpress fourth quarter 2022 earnings call. Eric Fuller, U.S. Xpress’ President and CEO, will lead our call today; joined by Eric Peterson, our CFO, who will discuss our financial results.

Our discussion today includes forecasts and other information that are considered forward-looking statements. While these statements reflect our current outlook, they are subject to a number of risks and uncertainties that can cause actual results to differ materially. These risk factors are described in U.S. Xpress’ most recent Form 10-K filed with the SEC. We undertake no duty or obligation to update our forward-looking statements.

During today’s call, we will discuss certain non-GAAP measures, which we believe can be helpful in evaluating our performance. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with U.S. GAAP. A reconciliation of these non-GAAP measures to the most comparable GAAP measure can be found in our earnings release.

As a reminder, a replay of this call will be available on the Investors section of our website. We also have posted an updated supplemental presentation to accompany today’s discussion on our website at investor.usxpress.com. We will be referencing portions of this supplement as part of today’s call.

And with that, I’d like to turn the call over to Eric Fuller.

Eric Fuller

Thank you, Matt, and good afternoon, everyone. Today, I’d like to discuss high level results across our business in the fourth quarter. What gives me confidence that we are moving in the right direction and following Eric Peterson’s financial commentary on the quarter, I will provide our current outlook for the freight market.