earnings
confidence high
sentiment positive
materiality 0.75
Hub Group Q3 net income $43M, EPS $1.28 up 73% YoY; guides FY21 EPS $3.90-$4.00
Hub Group, Inc.
2021-Q3 EPS reported
$2.58
revenue$2,975,980,000
- Record Q3 revenue $1.1B (+16% YoY); operating income $60M (5.6% margin) vs $34M.
- Diluted EPS $1.28 vs $0.74 YoY; net income $43M; EBITDA (non-GAAP) $92M.
- Intermodal revenue +17% to $633M on 26% revenue/load increase; volume down 8% on congestion.
- Acquired Choptank Transport in Oct for ~$130M cash plus $20M restricted stock; expands brokerage and refrigerated.
- Raises FY2021 EPS guidance to $3.90-$4.00; expects high-teens revenue growth, gross margin 13.3%-13.7%.