J.B. Hunt Reports Q1 Beat, Revenue Up 33%
2022.04.19 00:20
J.B. Hunt Reports Q1 Beat, Revenue Up 33%
J.B. Hunt Transport Services (JBHT) reported its Q1 results, with EPS of $2.29 coming in better than the Street estimate of $1.94.
Revenue grew 33% year-over-year to $3.49 billion, beating the Street estimate of $3.28 billion, with all segments contributing to the growth.
Truckload (JBT) and Integrated Capacity Solutions™ (ICS) segment revenues rose 77% and 29% year-over-year, respectively. Intermodal (JBI) revenue increased 36% year-over-year due to a 28% increase in revenue per load and a 7% increase in load volume. Dedicated Contract Services® (DCS®) segment revenue rose 28% due to a 20% increase in average revenue-producing trucks and a 6% increase in fleet productivity. Final Mile Services® (FMS) revenue grew 8% year-over-year.
Shares of JBHT are up 1.6% after-hours following the news. They were down 16% year-to-date going into the earnings print.
By Davit Kirakosyan
