Loading...
•
Sep 30, 2022
Hub Group Q3 2022 Earnings Report
Hub Group reported a substantial improvement in profitability with a 26% revenue growth.
Key Takeaways
Hub Group announced third quarter 2022 net income of $87 million, and diluted earnings per share of $2.61. Revenue for the third quarter of 2022 increased by 26% to $1.4 billion compared with $1.1 billion in the third quarter of 2021.
Diluted EPS of $2.61, more than double the prior year’s diluted EPS.
Acquired TAGG Logistics to expand omni channel fulfillment capabilities.
Repurchased $110 million of stock as part of capital allocation strategy.
Focus remains on managing costs and capital structure, while supporting customers and investing for growth.
Hub Group
Hub Group
Hub Group Revenue by Segment
Revenue by Segment
Intermodal & Transportation Solutions Revenue
CapyFin.comLogistics Revenue
CapyFin.com Forward Guidance
Hub Group expects 2022 diluted earnings per share will range from $10.40 to $10.60. They estimate revenue will be approximately $5.5 billion, and that gross margin as a percentage of revenue will range from 16.5% to 16.7%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income