J.B.Hunt Earnings Reports

J.B. Hunt delivered a stable quarter with flat revenue but higher earnings and operating income, aided by cost-cutting efforts and improved network efficiency.

J.B. Hunt reported flat revenue at $2.93 billion and a slight EPS decline to $1.31, as higher medical and casualty claims, driver wages, and equipment costs offset intermodal and truckload volume growth.

Despite record Intermodal volume, J.B. Hunt faced challenges in multiple business segments, resulting in lower EPS and net income compared to Q1 2024.

J.B. Hunt's Q4 2024 net income increased to $155.5 million, or $1.53 diluted earnings per share, compared to $153.5 million, or $1.47 diluted earnings per share in Q4 2023. Total operating revenue decreased by 5% to $3.15 billion. The company experienced growth in Intermodal volume and improved operating income in Dedicated Contract Services and Truckload segments.

J.B. Hunt reported a decrease in net earnings and diluted earnings per share for Q3 2024 compared to Q3 2023. Total operating revenue also decreased, driven by declines in revenue per load and load volume in multiple segments. Operating income decreased due to lower revenue and higher expenses.

J.B. Hunt reported a decrease in revenue, operating income, and earnings per share for the second quarter of 2024. Revenue decreased by 7% to $2.93 billion, operating income decreased by 24% to $205.7 million, and EPS decreased by 27% to $1.32.

J.B. Hunt's Q1 2024 net earnings were $127.5 million, or $1.22 per diluted share, compared to $197.8 million, or $1.89 per diluted share, in Q1 2023. Total operating revenue decreased by 9% to $2.94 billion. The decline was primarily driven by lower segment gross revenue per load in Intermodal and Truckload, fewer loads in Integrated Capacity Solutions, and a modest decline in average trucks and productivity in Dedicated Contract Services.

J.B. Hunt's fourth-quarter 2023 earnings were down compared to the prior year. Revenue decreased by 9% to $3.30 billion, and diluted earnings per share decreased to $1.47 from $1.92. The decline was attributed to lower volumes in ICS and Truckload, and decreased revenue per load in Intermodal and Truckload segments.

J.B. Hunt reported a decrease in net earnings and revenue for Q3 2023, with net earnings at $187.4 million, or $1.80 per diluted share, compared to $269.4 million, or $2.57 per diluted share, in Q3 2022. Total operating revenue decreased by 18% to $3.16 billion. The decline was attributed to lower revenue per load in Intermodal and Truckload, decreased volume in Integrated Capacity Solutions, and fewer stops in Final Mile Services.

J.B. Hunt reported a decrease in net earnings and diluted earnings per share for Q2 2023 compared to Q2 2022. Total operating revenue also decreased, primarily due to lower revenue per load in ICS, Intermodal, and Truckload, as well as a decline in productivity in Dedicated Capacity Solutions.

J.B. Hunt Transport Services, Inc. reported a decrease in U.S. GAAP net earnings for Q1 2023 to $197.8 million, or $1.89 per diluted share, compared to $243.3 million, or $2.29 per diluted share in Q1 2022. Total operating revenue decreased by 7% to $3.23 billion. The decline was primarily driven by volume decreases in ICS, Intermodal, and Final Mile Services, as well as a decline in revenue per load in Truckload. This was partially offset by revenue growth in Dedicated Contract Services.

J.B. Hunt reported Q3 2022 net earnings of $269.4 million, or $2.57 per diluted share, compared to $199.8 million, or $1.88 per diluted share, in Q3 2021. Total operating revenue increased by 22% to $3.84 billion. The increase was driven by growth in the Intermodal, Dedicated, and Truckload segments, but was partially offset by an 8% decrease in volume in Integrated Capacity Solutions (ICS).

J.B. Hunt reported a strong second quarter with a 32% increase in total operating revenue, reaching $3.84 billion. Net earnings rose to $255.3 million, or $2.42 per diluted share, compared to $172.2 million, or $1.61 per diluted share in Q2 2021. The growth was fueled by volume increases and revenue per load, particularly in the Intermodal and Dedicated Contract Services segments.

J.B. Hunt reported a strong first quarter in 2022, with revenue reaching $3.49 billion and EPS at $2.29. All segments contributed to year-over-year revenue growth, driven by increased volumes, customer rates, and cost recovery efforts.

J.B. Hunt reported Q4 2021 net income of $242.2 million, or $2.28 diluted earnings per share, compared to Q4 2020 net earnings of $154.0 million, or $1.44 diluted earnings per share. Total operating revenue for the current quarter was $3.50 billion, compared with $2.74 billion for the fourth quarter 2020. All segments contributed to the revenue growth versus the prior year period.

J.B. Hunt announced Q3 2021 net earnings of $199.8 million, or $1.88 diluted earnings per share, compared to Q3 2020 net earnings of $125.5 million, or $1.18 per diluted share. Total operating revenue for the quarter was $3.14 billion, a 27% increase compared to $2.47 billion for the third quarter 2020.

J.B. Hunt reported a strong second quarter with a 36% increase in total operating revenue to $2.91 billion and net earnings of $172.2 million, or $1.61 per diluted share, compared to $121.7 million, or $1.14 per diluted share in Q2 2020. All segments contributed to the revenue growth, with ICS and Truckload leading the way with 100% and 70% growth respectively.

J.B. Hunt reported a strong first quarter in 2021, with net earnings of $146.6 million, or $1.37 per diluted share, compared to $104.8 million, or $0.98 per diluted share, in Q1 2020. Total operating revenue increased to $2.62 billion from $2.28 billion in the prior year, with all segments contributing to the growth. The company benefited from increased revenue per load and effective use of the J.B. Hunt 360 platform, despite weather-related disruptions.

J.B. Hunt reported a strong third quarter with increased revenue and earnings per share compared to the same period last year. Revenue growth was driven by strong performance in ICS, FMS, DCS, and JBT segments, while earnings were positively impacted by lower interest expenses and a favorable tax rate.

J.B. Hunt reported a challenging second quarter due to the COVID-19 pandemic, with approximately $11 million in specific costs related to the pandemic. Demand saw a stable cadence, especially in Dedicated and Intermodal, with signs of recovery in Highway Services and Final Mile. The company is cautiously optimistic, focusing on cost control and strategic growth discussions.

J.B. Hunt reported a revenue increase of 9.1% year-over-year, but net earnings and operating income decreased due to rising costs, including a one-time bonus to drivers and increased spending on technology and rail transportation.