J.B.Hunt Q3 2022 Earnings Report
Key Takeaways
J.B. Hunt reported Q3 2022 net earnings of $269.4 million, or $2.57 per diluted share, compared to $199.8 million, or $1.88 per diluted share, in Q3 2021. Total operating revenue increased by 22% to $3.84 billion. The increase was driven by growth in the Intermodal, Dedicated, and Truckload segments, but was partially offset by an 8% decrease in volume in Integrated Capacity Solutions (ICS).
Total operating revenue increased by 22% year-over-year to $3.84 billion.
Diluted earnings per share increased to $2.57, compared to $1.88 in the prior year quarter.
Intermodal volume increased by 4%, with revenue up 30% due to higher revenue per load and volume growth.
Dedicated Contract Services (DCS) revenue increased by 34%, driven by an 18% increase in average revenue producing trucks.
J.B.Hunt
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J.B.Hunt Revenue by Segment
Forward Guidance
This press release may contain forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated.
Revenue & Expenses
Visualization of income flow from segment revenue to net income