J.B.Hunt Q3 2023 Earnings Report
Key Takeaways
J.B. Hunt reported a decrease in net earnings and revenue for Q3 2023, with net earnings at $187.4 million, or $1.80 per diluted share, compared to $269.4 million, or $2.57 per diluted share, in Q3 2022. Total operating revenue decreased by 18% to $3.16 billion. The decline was attributed to lower revenue per load in Intermodal and Truckload, decreased volume in Integrated Capacity Solutions, and fewer stops in Final Mile Services.
Total operating revenue decreased by 18% year-over-year, reaching $3.16 billion.
Net earnings declined to $187.4 million, with diluted earnings per share at $1.80.
Operating income decreased by 33% due to lower revenue and higher costs.
Intermodal volume increased by 1%, while revenue per load decreased significantly.
J.B.Hunt
J.B.Hunt
J.B.Hunt Revenue by Segment
Forward Guidance
This press release contains forward-looking statements based on current information. Actual results may differ due to various factors outlined in the company's report filed on Form 10-K for the year ended December 31, 2022. The company assumes no obligation to update these statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income