Loading...
•
Mar 31, 2020
Hub Group Q1 2020 Earnings Report
Reported first quarter results with net income impacted by severance, consulting, and donation expenses, while managing through the COVID-19 pandemic.
Key Takeaways
Hub Group reported a decrease in revenue by 10% to $839 million compared to the previous year. Net income was $13.2 million, or $0.40 per diluted share, which included $2.5 million of severance, consulting, and donation expenses. The company is focused on cost control and has taken steps to enhance liquidity.
Revenue decreased by 10% to $839 million compared to Q1 2019.
Net income was $13.2 million, or $0.40 per diluted share, including $2.5 million in expenses.
Operating income for the quarter was $19.8 million.
The company is focused on managing through the COVID-19 pandemic and improving cost structure.
Hub Group
Hub Group
Hub Group Revenue by Segment
Revenue by Segment
Logistics Revenue
CapyFin.com Forward Guidance
Capital expenditures for the remainder of fiscal year 2020 are expected to range from $50 million to $80 million.