secwatch.observer — SEC 8-K summary
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Issuer:     Hub Group, Inc. (HUBG)
CIK:        0000940942
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001171843-24-000520
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940942/000117184324000520/0001171843-24-000520-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940942/000117184324000520/f8k_020124.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-000520

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer