---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004741"
form_type: "8-K"
ticker: "HUBG"
cik: "0000940942"
company_name: "Hub Group, Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T02:01:21.644413+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-004741
- form_type: 8-K
- ticker: HUBG
- cik: 0000940942
- company_name: Hub Group, Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/940942/000117184323004741/0001171843-23-004741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/940942/000117184323004741/f8k_072723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004741
- JSON: https://secwatch.observer/filing/0001171843-23-004741.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004741.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/940942/000117184323004741/0001171843-23-004741-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/940942/000117184323004741/0001171843-23-004741-index.htm

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