---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002642"
form_type: "8-K"
ticker: "HUBG"
cik: "0000940942"
company_name: "Hub Group, Inc."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T11:09:18.012177+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Hub Group Q1 net income $62M ($1.88 EPS); revenue $1.2B, down from $1.3B YoY

## Summary
- Revenue $1.2B (second-highest Q1); operating income $78M (6.8% of revenue).
- Diluted EPS $1.88 vs $2.58 in Q1 2022; EBITDA (non-GAAP) $124M.
- ITS segment revenue $709M (-9% YoY); intermodal volume down 12%.
- Logistics segment revenue $469M (-13% YoY); operating margin improved to 6.1%.
- FY 2023 EPS guidance $6.00-$7.00; revenue outlook $4.6-$4.8B; capex $140-$150M.

## SEC filing metadata
- accession: 0001171843-23-002642
- form_type: 8-K
- ticker: HUBG
- cik: 0000940942
- company_name: Hub Group, Inc.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/940942/000117184323002642/0001171843-23-002642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/940942/000117184323002642/f8k_042723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002642
- JSON: https://secwatch.observer/filing/0001171843-23-002642.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002642.txt

## Key facts
- Earnings Releases
  Hub Group, Inc. reported first quarter 2023 results: revenue $1.2 billion, net income $62 million, EPS $1.88. Guidance reaffirmed.
  - Period: first quarter 2023
  - Revenue: $1.2 billion
  - Net income: $62 million
  - EPS: $1.88
  - Guidance: reaffirmed
  - Result: reported results
  source text: EdgarFiling EXHIBIT 99.1 Hub Group, Inc. Reports First Quarter 2023 Results Highlights: Diluted earnings per share (EPS) of $1.88 for the quarter First quarter revenue of $1.2 billion Quarterly operating income of $78 million (6.8% of revenue) driven by our focus on operating efficiency and yield management Ended the quarter with cash and cash equivalents of
  evidence_url: https://www.sec.gov/Archives/edgar/data/940942/000117184323002642/0001171843-23-002642-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.