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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.
Forward Guidance
Capital expenditures for the remainder of fiscal year 2020 are expected to range from $50 million to $80 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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