---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-000520"
form_type: "8-K"
ticker: "HUBG"
cik: "0000940942"
company_name: "Hub Group, Inc."
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T12:38:13.818583+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-24-000520
- form_type: 8-K
- ticker: HUBG
- cik: 0000940942
- company_name: Hub Group, Inc.
- filed_at: 2024-02-01T23:59:59+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/940942/000117184324000520/0001171843-24-000520-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/940942/000117184324000520/f8k_020124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-000520
- JSON: https://secwatch.observer/filing/0001171843-24-000520.json
- Plain text: https://secwatch.observer/filing/0001171843-24-000520.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/940942/000117184324000520/0001171843-24-000520-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/940942/000117184324000520/0001171843-24-000520-index.htm

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