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Sep 30, 2020
Hub Group Q3 2020 Earnings Report
Reported net income of $24.8 million, or diluted earnings per share of $0.74.
Key Takeaways
Hub Group, Inc. announced third quarter 2020 net income of $24.8 million, or diluted earnings per share of $0.74. Revenue for the third quarter of 2020 increased by 1% to $925 million compared with $913 million for the third quarter 2019.
Intermodal volume increased by 9%.
Overall revenue increased by 1%.
EBITDA (non-GAAP) was $64 million.
Reached 2020 goal of $40 million of annualized savings from profit improvement initiatives.
Forward Guidance
Capital expenditures for the rest of fiscal year 2020 to range from $70 million to $75 million, and primarily consist of investments to support growth in the business, including containers and tractors, as well as investments in technology.
Positive Outlook
- Investments to support growth in the business
- Investments in containers and tractors
- Investments in technology
- Expected to add approximately 3,300 containers
- Take delivery of over 300 tractors to refresh fleet
Historical Earnings Impact
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Avg. Return Before/After Earnings
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