Heartland Express, Inc. Announces Share Repurchase Authorization
May 11 2018 - 5:26PM
Heartland Express, Inc. (Nasdaq:HTLD) The Board of Directors of
Heartland Express, Inc. announced today the authorization for the
repurchase of up to 5,000,000 shares of its outstanding common
stock in addition to the approximate 2,300,000 shares remaining
under a prior authorization. The shares may be repurchased on the
open market or in privately negotiated transactions. The
specific timing and amount of our future repurchases will be
determined by market conditions, cash flow requirements, securities
law limitations, and other factors. Repurchases may continue
from time to time, as conditions permit, until the number of shares
authorized to be repurchased have been acquired, or until the
authorization to repurchase is terminated, whichever occurs
first. The share repurchase authorization is discretionary
and has no expiration date. The repurchase program may be
suspended, modified, or discontinued at any time.
Heartland Express is an irregular route
truckload carrier based in North Liberty, Iowa serving customers
with shipping lanes throughout the United States. Heartland
focuses on medium to short haul regional freight, offering shippers
industry leading on-time service so they can achieve their
strategic goals for their customers. More information about
Heartland Express can be found on the company website at
www.heartlandexpress.com.
The press release may contain forward-looking
statements, which are based on information currently available.
These statements and assumptions involve certain risks and
uncertainties. Actual events may differ from these
expectations as specified from time to time in filings with the
Securities and Exchange Commission. The Company assumes no
obligation to update any forward-looking statement to the extent it
becomes aware that it will not be achieved for any reason.
For further information contactMichael J. Gerdin,
President and CEOChris Strain, Vice President and CFOHeartland
Express, Inc.319-626-3600
Heartland Express (NASDAQ:HTLD)
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