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J.B. Hunt Reports Q1 Beat, Revenue Up 33%

Published 04/18/2022, 12:43 PM
Updated 04/18/2022, 05:15 PM
© Reuters.  J.B. Hunt Reports Q1 Beat, Revenue Up 33%

JB Hunt Transport Services Inc (NASDAQ: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

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