J.B.Hunt Q2 2021 Earnings Report
Key Takeaways
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.
Total operating revenue increased by 36% compared to Q2 2020, reaching $2.91 billion.
Net earnings rose to $172.2 million, or $1.61 per diluted share, compared to $121.7 million, or $1.14 per diluted share in Q2 2020.
Integrated Capacity Solutions (ICS) and Truckload (JBT) segments experienced substantial revenue growth of 100% and 70% respectively.
The company's Marketplace for J.B. Hunt 360 facilitated $500 million in freight transactions during the quarter, with ICS revenue on the platform increasing by 73% to $396 million.
J.B.Hunt
J.B.Hunt
J.B.Hunt Revenue by Segment
Forward Guidance
The press release contains forward-looking statements based on current information. Actual results may differ due to various factors discussed in the company's Annual Report on Form 10-K for the year ended December 31, 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income