earnings
confidence high
sentiment positive
materiality 0.85
Hub Group Q3 EPS $2.61 (+104% YoY); revenue $1.4B (+26%); new $200M buyback
Hub Group, Inc.
2022-Q3 EPS reported
$8.21
revenue$4,054,987,000
- Q3 diluted EPS of $2.61 vs $1.28 a year ago; operating income $118M, up 97%.
- Revenue rose 26% to $1.4B, with growth across all lines: ITS +22%, Logistics +12%, Truck Brokerage +63%.
- Acquired TAGG Logistics for $103M in August, expanding omnichannel fulfillment capabilities.
- Board authorized new $200M share repurchase program; $110M bought in Q3.
- 2022 outlook: revenue ~$5.5B, diluted EPS $10.40-$10.60, capex $240-$250M.