Tag Archives: Hunt Transport Services

J.B. Hunt Misses on Q1 Earnings

By Eric Volkman, The Motley Fool

Filed under:

J.B. Hunt Transport Services reported this week that Q1 operating revenue came in at $1.29 billion, up from the $1.17 billion in the same period the previous year.

Net profit amounted to $73.3 million ($0.61 per diluted share), against Q1 2012’s result of $67.7 million ($0.57).

Revenue broadly met analyst projections, but net came in a bit lower. Expectations had been for EPS of $0.64.

Of J.B. Hunt’s four business units, its intermodal division recorded the highest year-on-year growth in revenue. It brought in $796 million for the quarter, a 62% increase over Q1 2012’s $694 million.

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The article J.B. Hunt Misses on Q1 Earnings originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in J.B. Hunt Transport Services. The Motley Fool has no position in J.B. Hunt Transport Services. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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From: http://www.dailyfinance.com/2013/04/12/jb-hunt-misses-on-q1-earnings/

J.B. Hunt Transport Services, Inc. Reports Revenues and Earnings for the First Quarter 2013

By Business Wirevia The Motley Fool

Filed under:

J.B. Hunt Transport Services, Inc. Reports Revenues and Earnings for the First Quarter 2013

  • First Quarter 2013 Revenue: $1.29 billion; up 11%
  • First Quarter 2013 Operating Income: $125 million; up 7%
  • First Quarter 2013 EPS: 61 cents vs. 57 cents

LOWELL, Ark.–(BUSINESS WIRE)– J. B. Hunt Transport Services, Inc., (NAS: JBHT) announced first quarter 2013 net earnings of $73.3 million, or diluted earnings per share of 61 cents vs. first quarter 2012 net earnings of $67.7 million, or 57 cents per diluted share.

Total operating revenue for the current quarter was $1.29 billion, compared with $1.17 billion for the first quarter 2012. Load growth of 13% in Intermodal (JBI) and 47% in Integrated Capacity Solutions (ICS), helped drive 15% and 26% increases in segment revenue, respectively. Dedicated Contract Services (DCS) segment increased operating revenue by 9%, primarily from new long-term contracts currently being implemented, while Truck (JBT) segment revenue declined primarily from a 21% reduction in fleet size.

Operating income for the current quarter totaled $125 million vs. $117 million for the first quarter 2012. Combined, JBI and ICS operating income increased by approximately $18 million on higher load volume, improved freight mix and overhead cost controls. The increase in operating income was partially offset by higher equipment costs in the asset-based business units, higher claims costs from two old claims shared by all business units, contract implementation costs related to new customers for DCS and higher employee costs with lower asset utilization for JBT.

Net interest expense for the current quarter decreased by $0.7 million due to lower debt levels. The effective income tax rate for the quarter was consistent with last year at 38.25%.

Segment Information:

Intermodal (JBI)