J.B.Hunt Q2 2023 Earnings Report
Key Takeaways
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.
Net earnings decreased to $189.6 million, or $1.81 per diluted share, compared to $255.3 million, or $2.42 per diluted share, in Q2 2022.
Total operating revenue decreased by 18% to $3.13 billion compared to $3.84 billion in Q2 2022.
Operating income decreased by 23% to $270.7 million compared to $353.1 million in Q2 2022.
Intermodal volume decreased 7% and revenue per load decreased 13%.
J.B.Hunt
J.B.Hunt
J.B.Hunt Revenue by Segment
Forward Guidance
The company continues to expect their 2023 annual tax rate to be between 24.0% and 25.0%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income