J.B.Hunt Q4 2023 Earnings Report
Key Takeaways
J.B. Hunt's fourth-quarter 2023 earnings were down compared to the prior year. Revenue decreased by 9% to $3.30 billion, and diluted earnings per share decreased to $1.47 from $1.92. The decline was attributed to lower volumes in ICS and Truckload, and decreased revenue per load in Intermodal and Truckload segments.
Total operating revenue decreased by 9% compared to Q4 2022, totaling $3.30 billion.
Net income for Q4 2023 was $153.5 million, a decrease from $201.3 million in Q4 2022.
Diluted earnings per share (EPS) decreased to $1.47, compared to $1.92 in the prior year quarter.
Operating income decreased by 28% to $203.3 million, impacted by insurance-related charges and yield pressure in JBI, ICS, and JBT.
J.B.Hunt
J.B.Hunt
Forward Guidance
The company expects its 2024 annual tax rate to be between 24.0% and 25.0%.