J.B. Hunt shares edge decrease as This fall earnings miss overshadows income beat

LOWELL, Ark. – J.B. Hunt Transport Companies Inc. (NASDAQ:JBHT) reported fourth-quarter earnings that fell in need of analyst expectations, regardless of income coming in barely above estimates. The transportation and logistics firm’s shares dipped 1% Thursday in response to the blended outcomes.

J.B. Hunt posted earnings per share of $1.53 for This fall 2024, lacking the analyst consensus of $1.64. Nevertheless, income of $3.15 billion narrowly beat expectations of $3.13 billion.

The corporate’s prime line decreased 5% YoY, primarily attributable to decrease gasoline surcharge income and yield strain in its Intermodal phase. Intermodal income fell 2% to $1.60 billion, whereas working earnings within the phase dropped 10% to $117.0 million.

“Demand traits for our intermodal service had been seasonally robust in the course of the quarter, notably on eastbound masses out of Southern California,” stated J.B. Hunt in its earnings launch. Nevertheless, the corporate famous that decrease yields offset the advantages of upper volumes.

The Devoted Contract Companies phase noticed income decline 5% to $839 million, although working earnings rose 5% to $90.3 million. The Built-in Capability Options unit reported a 15% income lower to $308 million and an working lack of $21.8 million.

J.B. Hunt’s internet earnings for This fall edged up barely to $155.5 million from $153.5 million a yr earlier. For the complete yr 2024, income fell 6% to $12.09 billion whereas diluted EPS dropped 20% to $5.56.

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