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Mar 31, 2023
Hub Group Q1 2023 Earnings Report
Hub Group reported first quarter results with revenue of $1.2 billion and diluted earnings per share of $1.88.
Key Takeaways
Hub Group's first quarter 2023 saw a decrease in revenue to $1.2 billion compared to $1.3 billion in the first quarter of 2022, with net income at $62 million, or $1.88 per diluted share. The company's operating income margin was 6.8% of revenue, and it continues to invest in its core business and technology while diversifying its service offerings.
First quarter net income was $62 million, with diluted earnings per share of $1.88.
Revenue for the first quarter decreased to $1.2 billion compared to $1.3 billion in the prior year.
Operating income for the quarter was $78 million, representing 6.8% of revenue.
The company is managing costs and capital structure while supporting customers and investing for growth.
Hub Group
Hub Group
Hub Group Revenue by Segment
Revenue by Segment
Logistics Revenue
CapyFin.com Forward Guidance
The company expects 2023 diluted earnings per share to range from $6.00 to $7.00 and revenue to range from $4.6 to $4.8 billion.