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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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