JB Hunt delivers revenue and earnings growth in Q3

J.B. Hunt Transport Services Inc. (JBHT) beat market estimates on revenue and earnings for the third quarter of 2018.  After the earnings announcement, the stock was trading in the positive territory during after-market hours on Monday and maintained the upward momentum in Tuesday’s morning trading session.

The company reported total operating revenue of $2.21 billion, an increase of 20% from the same period last year. Net income was $131.1 million or $1.19 per share compared to $100.4 million or $0.91 per diluted share in the prior-year period. Adjusted EPS totaled $1.47 per share.

JB Hunt Q3 2018 Earnings InfographicRevenues in the Intermodal segment increased 16% reflecting a 1% volume growth and an increase of about 15% in revenue per load. The segment was impacted negatively during the quarter by derailments in its intermodal network and Hurricane Florence.

In Dedicated Contract Services (DCS), revenues rose 24% with an increase in productivity of about 7% while in Integrated Capacity Solutions (ICS), revenues grew 28%. ICS volumes grew 41% while revenue per load dropped about 9% mainly due to an increased mix of contractual less-than-truckload volume.

In the Truck segment, total revenues increased 14% with an increase of around 13% in comparable contractual customer rates.

Capital expenditures for the year-to-date period totaled approx. $585 million. At September 30, the company had cash and cash equivalents of around $7.6 million.

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