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Dec 31, 2019
Hub Group Q4 2019 Earnings Report
Reported a decrease in revenue due to a soft demand environment and increased competition, while gross margin percentage increased due to multimodal solutions and lower purchased transportation costs.
Key Takeaways
Hub Group reported a decrease in revenue for the fourth quarter of 2019, driven by declines in Intermodal and Truck Brokerage segments. However, gross margin improved due to successful multimodal solutions and lower transportation costs. The company is focused on executing its strategy and profit improvement initiatives to navigate the challenging freight environment.
Net income was $28.0 million, or $0.84 per diluted share.
Revenue decreased by 12% to $901 million.
Intermodal revenue decreased 9% to $548 million due primarily to an 11% decline in volume.
Truck brokerage revenue declined 29% to $100 million.
Hub Group
Hub Group
Hub Group Revenue by Segment
Revenue by Segment
Logistics Revenue
CapyFin.com Forward Guidance
The company expects 2020 diluted earnings per share to range from $3.39 to $3.60 and estimates low- to mid-single digit percentage revenue growth for the full year.