Hub Group, Inc. (HUBG): auditor change — Hub Group restates 2023 and 2024 financials; premature revenue recognition cited

Hub Group, Inc.

Audit Committee found 2023 and 2024 financials materially misstated; no longer reliable.
Misstatements stem from transactions prematurely/incorrectly recognized or not adequately supported.
Company expects to report ineffective disclosure controls and ICFR for both years.
Review of additional accounting issues ongoing but not expected to change non-reliance conclusion.
Independent auditor Ernst & Young LLP consulted on the matter.

item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Hub Group, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: Ernst & Young LLP

Exact text from the filing

On May 11, 2026, the Audit Committee of the Board of Directors of Hub Group, Inc. (the “Company”), following discussion with and upon the recommendation of management, concluded that the previously issued audited consolidated financial statements of the Company as of and for each of the years ended December 31, 2024 (the “2024 Financial Statements”) and 2023 (the “2023 Financial Statements”) included in the Company’s Annual Reports on Form 10-K filed on February 25, 2025 and February 27, 2024, respectively, were in each case materially misstated and should no longer be relied upon.

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Source: SEC EDGAR

accession 0001193125-26-218141

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