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Mar 31, 2020
J.B.Hunt Q1 2020 Earnings Report
J.B. Hunt's financial performance decreased due to increased costs, despite revenue growth across most segments.
Key Takeaways
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.
Total operating revenue increased by 9.1% to $2.28 billion, compared to $2.09 billion in Q1 2019.
Net earnings decreased to $104.8 million, or $0.98 per diluted share, compared to $119.6 million, or $1.09 per diluted share in Q1 2019.
Operating income decreased to $154.7 million, including a $12.3 million charge for employee bonuses and an $8.2 million accrual related to revenue divisions owed to BNSF Railway Company.
Intermodal volumes increased by 7%, while Dedicated Contract Services revenue increased by 10% due to additional customer contracts and higher fleet utilization.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2019. We assume no obligation to update any forward-looking statement to the extent we become aware that it will not be achieved for any reason.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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