Hub Group Q3 EPS $0.97 vs $2.61 YoY; revenue $1.0B; announces dividend, stock split, $250M buyback

Hub Group, Inc.

2023-Q3 EPS reported $4.31 revenue$3,217,562,000

Revenue $1.0B vs $1.4B YoY; operating income $43M (4.2% of rev) vs $118M (8.7%).
ITS segment intermodal volume down 16% YoY; Logistics segment contributed 70% of operating income.
Capital plan includes 2:1 stock split (Jan 2024), quarterly dividend $0.50/year, $250M buyback.
2023 guidance: diluted EPS $5.30-$5.40, revenue ~$4.2B, capex $140-$150M.
Cash and equivalents $401M at quarter end; EBITDA (non-GAAP) $88M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Hub Group, Inc. reported third quarter 2023 results: revenue $1.0 billion, net income $30 million, EPS $0.97. Guidance reaffirmed.

Period: third quarter 2023
Revenue: $1.0 billion
Net income: $30 million
EPS: $0.97
Guidance: reaffirmed
Result: reported results

Exact text from the filing

2 exh_991.htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Hub Group, Inc. Reports Third Quarter 2023 Results Highlights: Diluted earnings per share (EPS) of $0.97 and revenue of $1.0 billion for the quarter Quarterly operating income of $43 million (4.2% of revenue) driven by performance of our Logistics Segment Exceptionally strong balance sheet, ending the quarter

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Source: SEC EDGAR

accession 0001171843-23-006472

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