J.B.Hunt Q2 2024 Earnings Report
Key Takeaways
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.
Total operating revenue decreased by 7% compared to Q2 2023, primarily driven by declines in Intermodal, Integrated Capacity Solutions, Truckload, and Dedicated Contract Services.
Operating income decreased by 24% due to lower revenue and higher expenses related to insurance, claims, equipment, and personnel.
Net earnings decreased to $135.9 million, with diluted earnings per share of $1.32, compared to $1.81 in Q2 2023.
Final Mile Services was the only segment that experienced revenue growth, driven by new contracts.
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 and expectations. Actual results may differ materially due to various factors outlined in the company's 2023 Annual Report on Form 10-K.
Revenue & Expenses
Visualization of income flow from segment revenue to net income