Hub Group Q4 2023 EPS $0.46; revenue drops to $1.0B; guides FY24 EPS $2.00-$2.50

Hub Group, Inc.

2023-FY EPS reported $2.62 revenue$4,202,585,000

Q4 net income $29M, diluted EPS $0.46 (post-split); adjusted EPS $0.54 excluding $5.1M acquisition costs.
Full-year 2023 revenue $4.2B, down 21% YoY; Q4 revenue $1.0B, down from $1.3B.
ITS segment Q4 revenue $576M, operating margin 2.1%; Logistics segment revenue $438M, operating margin 3.9%.
Completed acquisition of Forward Air Final Mile in Dec 2023; purchased $26M of shares in Q4.
FY2024 guidance: revenue $4.6B-$5.0B, diluted EPS $2.00-$2.50, capex $55M-$75M.

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 0.95

Hub Group, Inc. reported fourth quarter 2023 results: revenue $1.0 billion, net income $29 million, EPS $0.46.

Period: fourth quarter 2023
Revenue: $1.0 billion
Net income: $29 million
EPS: $0.46
Result: reported results

Exact text from the filing

for acquisition related expenses of $5.1 million, Q4 adjusted EPS (non-GAAP) of $0.54 and $2.68 for full year Full year revenue of $4.2 billion; Fourth quarter revenue of $1.0 billion GAAP Quarterly operating income of $29 million (3.0% of revenue) Significantly increased our Final Mile business heading into 2024 through the acquisition of Forward Air Final

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hub Group, Inc. reported 2024 results: revenue $4.6 to $5.0 billion, EPS $2.00 to $2.50. Guidance initiated.

Period: 2024
Revenue: $4.6 to $5.0 billion
EPS: $2.00 to $2.50
Guidance: initiated
Result: guidance update

Exact text from the filing

We expect our 2024 diluted earnings per share will range from $2.00 to $2.50. We estimate revenue will be approximately $4.6 to $5.0 billion.

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171 earnings releases filed in the last 30 days. Browse all earnings releases →

Hub Group, Inc. filing history →

Source: SEC EDGAR

accession 0001171843-24-000520

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