J.B.Hunt Transport Services Inc

JBHT

Equity

ISIN US4456581077 / Valor 940190

NASDAQ (2024-12-26)

USD 172.01+0.26%

J.B.Hunt Transport Services Inc
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About company

J.B. Hunt Transport Services Inc., founded in 1961 by Johnnie Bryan Hunt and Johnelle Hunt, has evolved from a modest operation with five trucks and seven trailers into a Fortune 500 company that plays a significant role in North America's transportation and logistics industry. The company offers a wide range of services across the continental United States, Canada, and Mexico, catering to various customer needs. A key innovation in its service offering is the J.B. Hunt 360˚ platform, a digital freight matching platform that revolutionizes how carriers and customers interact and conduct business. With 60 years of experience, J.B. Hunt has demonstrated consistent growth and adaptation to the changing dynamics of the transportation sector, leveraging technology, process improvements, and an experienced workforce to enhance transportation efficiency across North America.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Decline

J.B. Hunt Transport Services Inc. reported a total operating revenue of $3.07 billion for the third quarter of 2024, marking a 3% decrease compared to the same quarter in 2023. This decline was primarily attributed to decreases in gross revenue per load in the Intermodal and Truckload segments, as well as a reduction in load volume in Integrated Capacity Solutions and Dedicated Contract Services.

Operating Income

For the third quarter of 2024, J.B. Hunt Transport Services Inc. experienced a 7% decrease in operating income, totaling $224.1 million compared to $241.7 million in the third quarter of 2023. The decline was mainly due to lower revenue across most segments, excluding Intermodal, and increased expenses related to personnel, insurance, and equipment.

Earnings Per Share

J.B. Hunt Transport Services Inc. reported diluted earnings per share (EPS) of $1.49 for the third quarter of 2024, a 17% decrease from the $1.80 EPS reported in the same quarter of the previous year. The decline in EPS was influenced by reduced net earnings, which totaled $152.1 million compared to $187.4 million in the third quarter of 2023.

Segment Performance

In the third quarter of 2024, J.B. Hunt's Intermodal segment reported flat revenue at $1.56 billion, while operating income decreased by 13%. The Dedicated Contract Services segment saw a 5% revenue decline to $846 million, with a 7% drop in operating income. The Integrated Capacity Solutions segment experienced a 7% revenue decrease to $278 million, but reduced its operating loss to $3.3 million from $9.4 million in the previous year.

Cash Flow and Capitalization

As of September 30, 2024, J.B. Hunt Transport Services Inc. had approximately $1.53 billion in outstanding debt, compared to $1.45 billion a year earlier. The company's net capital expenditures for the first nine months of 2024 were approximately $488 million, significantly lower than the $1.32 billion spent in the same period of 2023. Cash and cash equivalents stood at approximately $120 million at the end of the third quarter.

Summarized from source with an LLMView Source

Key figures

-15.2%1Y

-12.8%3Y

47.3%5Y

Performance

26.8%1Y

29.4%3Y

31.4%5Y

Volatility