JBHT Q1 2024 EPS $1.22 down 35%; revenue $2.94B down 9%

HUNT J B TRANSPORT SERVICES INC

2024-Q1 EPS reported $1.22 revenue$2,944,001,000

Operating income $194.4M (down 30% YoY) from $277.5M; margins compressed by wage, equipment & insurance costs.
Intermodal revenue per load fell 9%, operating income down 40% to $101.9M on weaker eastern network demand.
ICS operating loss widened to $17.5M (vs. $5.4M) on 22% lower volume and $11M gross profit decline.
FMS revenue up 2% to $229M; operating income up 128% to $15.1M, helped by $3.1M prior claim settlement.
Net capex $166M vs. $380M in Q1 2023; bought 126K shares for $25M, $366M remaining on authorization.

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 0.97

HUNT J B TRANSPORT SERVICES INC reported first quarter ended March 31, 2024 results: revenue $2.94 billion, net income $127.5 million, EPS $1.22.

Period: first quarter ended March 31, 2024
Revenue: $2.94 billion
Net income: $127.5 million
EPS: $1.22
Result: reported results

Exact text from the filing

FOR IMMEDIATE RELEASE J.B. HUNT TRANSPORT SERVICES, INC. REPORTS U.S. GAAP REVENUES, NET EARNINGS AND EARNINGS PER SHARE FOR THE FIRST QUARTER 2024 ■ First Quarter 2024 Revenue: $2.94 billion; down 9% ■ First Quarter 2024 Operating Income: $194.4 million; down 30% ■ First Quarter 2024 EPS: $1.22 vs. $1.89; down 35% LOWELL, Ark., April 16, 2024 - J.B. Hunt Transport

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Source: SEC EDGAR

accession 0001437749-24-012186

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