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sd-10-EFTA01387109Dept. of Justice

EFTA Document EFTA01387109

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22 February 2018 Trucking U.S. Transportation volume trends and cash generation, and significant international margin improvement. Risks to the downside include weaker volume trends, integration risk, and weaker cash generation/debt paydown. • HTLD Est./PT revisions: On the back of HTLD's 4Q results we have lowered our IQ '18 EPS estimate to 16c (from 28c), reflecting the elimination of unprofitable business segments from the IDC segment as HTLD realigns the business to be in line with

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Dept. of Justice
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sd-10-EFTA01387109
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