J.B. Hunt Q1 2023 EPS $1.89, revenue down 7% to $3.23B; operating income -17%

HUNT J B TRANSPORT SERVICES INC

2023-Q1 EPS reported $1.89 revenue$3,229,588,000

Net earnings $197.8M, diluted EPS $1.89 vs. $2.29 Q1 2022; total revenue $3.23B, down 7%.
Operating income $277.5M, down 17%; ICS revenue -42%, Intermodal volume -5% YoY.
DCS revenue +13% and operating income +29% driven by 7% more trucks and productivity gains.
Net capital expenditures $380M vs. $289M; repurchased 183K shares for $31M in Q1.
FY2023 effective tax rate expected between 24.0% and 25.0%.

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 0.8

HUNT J B TRANSPORT SERVICES INC reported financial results for the first quarter ended March 31, 2023.

Period: the first quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On April 17, 2023 we issued a news release announcing our revenues and earnings for the first quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001437749-23-010454

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