J.B. Hunt Transport Services Posts Q2 Earnings Beat
2022.07.20 01:21
J.B. Hunt Transport Services (JBHT) Post Q2 Earnings Beat
By Davit Kirakosyan
J.B. Hunt Transport Services Inc (NASDAQ:JBHT) reported its Q2 results, with EPS of $2.42, rising 50% and coming in better than the consensus estimate of $2.35.
Total operating revenue for the current quarter was $3.84 billion, compared with $2.91 billion for the second quarter 2021, an increase of 32%.
The trucking company’s revenue grew 32% year-over-year to $3.84 billion, beating the consensus estimate of $3.6 billion. Total operating revenue, excluding fuel surcharge revenue, increased 21% versus the comparable quarter 2021.
Intermodal (JBI) revenue grew 42% driven by an 8% increase in volume and a 32% increase in revenue per load. Dedicated Contract Services® (DCS®) revenue grew 39%. The asset-light Truckload (JBT) segment and the non-asset Integrated Capacity Solutions™ (ICS) segment grew revenue 46% and 3% year-over-year, respectively. Final Mile Services revenue increased 21%, primarily driven by a recent acquisition.
