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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.
Hub Group
Hub Group
Hub Group Revenue by Segment
Revenue by Segment
Logistics Revenue
CapyFin.com 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