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Mar 31, 2021
J.B.Hunt Q1 2021 Earnings Report
J.B. Hunt's financial performance for Q1 2021 demonstrated significant growth across all segments, driven by increased demand and effective capacity management.
Key Takeaways
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.
Total operating revenue increased to $2.62 billion, a notable rise from $2.28 billion in the first quarter of 2020.
Net earnings reached $146.6 million, resulting in diluted earnings per share of $1.37, up from $104.8 million and $0.98 per share in the previous year.
Integrated Capacity Solutions (ICS) and Truck (JBT) segments experienced substantial revenue growth of 56% and 43%, respectively.
The company's J.B. Hunt 360 platform facilitated $443 million in freight transactions, marking a significant increase from $294 million in the prior year quarter.
Revenue by Segment
Forward Guidance
The press release may contain 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, 2020. 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
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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