Hub Group Q2 EPS $1.44, revenue $1.0B; net income down 54% YoY

Hub Group, Inc.

2023-Q2 EPS reported $3.33 revenue$2,192,727,000

Net income $47M ($1.44 diluted EPS) vs $103M ($3.03) a year ago.
Revenue $1.0B, down 29% from $1.4B in Q2 2022.
Operating income $62M (6.0% of revenue) vs $138M (9.8%); EBITDA $108M.
Intermodal volume fell 17% YoY; Logistics segment operating income $30M (6.7% of revenue).
FY2023 EPS guidance $5.80-$6.40, revenue $4.3-$4.5B; repurchased $100M of shares.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hub Group, Inc. reported second quarter 2023 results: revenue $1.0 billion, net income $47 million, EPS $1.44 per diluted share.

Period: second quarter 2023
Revenue: $1.0 billion
Net income: $47 million
EPS: $1.44 per diluted share
Result: reported results

Exact text from the filing

Highlights: Diluted earnings per share (EPS) of $1.44 for the quarter Second quarter revenue of $1.0 billion Quarterly operating income of $62 million (6.0% of revenue) driven by performance of our Logistics Segment Continued focus on return of capital with $100 million of shares repurchased in the quarter Exceptionally strong balance sheet, ending the quarter with cash and cash equivalents of $342 million OAK BROOK, Ill., July 27, 2023 (GLOBE NEWSWIRE) -- Hub Group, Inc. (NASDAQ:HUBG) announced second quarter 2023 net income of $47 million, and diluted earnings per share of $1.44.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hub Group, Inc. reported 2023 results: revenue $4.3 to $4.5 billion, EPS $5.80 to $6.40 per diluted share. Guidance initiated.

Period: 2023
Revenue: $4.3 to $4.5 billion
EPS: $5.80 to $6.40 per diluted share
Guidance: initiated
Result: guidance update

Exact text from the filing

2023 Outlook We expect our 2023 diluted earnings per share will range from $5.80 to $6.40. We estimate revenue will range from $4.3 to $4.5 billion.

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Source: SEC EDGAR

accession 0001171843-23-004741

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