J.B.Hunt Q3 2020 Earnings Report
Key Takeaways
J.B. Hunt reported a strong third quarter with increased revenue and earnings per share compared to the same period last year. Revenue growth was driven by strong performance in ICS, FMS, DCS, and JBT segments, while earnings were positively impacted by lower interest expenses and a favorable tax rate.
Total operating revenue increased to $2.47 billion, up from $2.36 billion in Q3 2019.
Net earnings rose to $125.5 million, or $1.18 per diluted share, compared to $118.4 million, or $1.10 per diluted share in Q3 2019.
Significant revenue growth was observed in ICS (25%), FMS (34%), DCS (9%), and JBT (14%).
Operating income totaled $175.5 million, compared to $167.9 million in the same quarter of the previous year.
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 materially due to various factors outlined in the company's reports.
Revenue & Expenses
Visualization of income flow from segment revenue to net income