NASDAQ$JBHT

J.B.Hunt Transport Services Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

J.B. Hunt reported earnings for Q3 2021, with significant revenue growth across all segments.

J.B. Hunt announced Q3 2021 net earnings of $199.8 million, or $1.88 diluted earnings per share, compared to Q3 2020 net earnings of $125.5 million, or $1.18 per diluted share. Total operating revenue for the quarter was $3.14 billion, a 27% increase compared to $2.47 billion for the third quarter 2020.

  • Total operating revenue increased by 27% compared to Q3 2020, reaching $3.14 billion.
  • Net earnings rose to $199.8 million, with diluted earnings per share at $1.88.
  • Truckload (JBT) and Integrated Capacity Solutions (ICS) revenue grew significantly, at 87% and 55% year-over-year, respectively.
  • Intermodal (JBI) revenue increased by 17%, driven by a 24% increase in revenue per load.

Headline financials

Total Revenue

$3.14B

Previous: $2.47B+27.2%
EPS (adj)

$1.88

Previous: $1.18+59.3%
Intermodal Loads

-6

No prior period
Intermodal Revenue/Load

$24.00

Previous: -$5.00+580.0%
Dedicated Rev/Truck/Week

$7.00

No prior period
Final Mile Stops

-3

Previous: 34-108.8%
Truckload Rev/Load

$65.00

Previous: $5.00+1200.0%
Capital Expenditures

-$573M

Previous: -$560M-2.3%
Free Cash Flow

-$373M

Previous: -$434M+14.1%
Net Income

$200M

Previous: $125M+59.2%
Operating Income

$274M

Previous: $176M+56.0%
Gross Profit

-$204M

Previous: -$145M-40.8%
Cash & Equivalents

$530M

Previous: $319M+66.3%
Total Assets

$6.51B

Previous: $5.78B+12.7%
Stock-Based Comp

$15.9M

Previous: $14.6M+9.3%

Revenue & EPS history

J.B.Hunt · Revenue · Quarterly

$3.14B

Q3 2021+27.2%vs Q3 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

J.B.Hunt · $1.16B total across 5 segments · Q3 2021

  • Integrated Capacity Solutions
    $648M+50.4%
  • Truckload
    $292M+168.2%
  • Intermodal
    $125M-89.7%
  • Dedicated Contract Services
    $73.9M-86.6%
  • Final Mile Services
    $21.8M-88.0%

Forward guidance

This press release may contain forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2020 and Quarterly Report filed on Form 10-Q for the period ended June 30, 2021. We assume no obligation to update any forward-looking statement to the extent we become aware that it will not be achieved for any reason.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.8%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+2.4%

Avg return

30 days after

61%

42 / 69 earnings

Positive

+22.1%

Q3 2025

Best reaction

-12.6%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+12.0%+17.0%
Q4 2025+3.1%+1.5%+7.4%
Q3 2025+22.1%+21.7%+17.3%
Q2 2025-0.7%-1.3%-4.5%
Q1 2025-7.7%-5.9%+9.6%
Q4 2024-7.6%-6.5%-8.9%
Q3 2024+2.7%+0.8%+5.2%
Q2 2024-3.4%-3.2%-1.4%
Q1 2024-9.2%-9.6%-8.4%
Q4 2023+3.7%+7.2%+10.4%
Q3 2023-9.2%-10.4%-9.2%
Q2 2023+6.5%+6.7%+3.6%
Q1 2023-1.0%-0.2%-2.6%
Q4 2022+4.8%+9.8%+6.8%
Q3 2022+1.3%-0.3%+8.2%
Q2 2022+3.0%+3.4%+14.1%
Q1 2022+1.1%-1.5%-5.3%
Q4 2021-0.7%-1.5%-7.0%
Q3 2021+7.9%+11.3%+13.7%
Q2 2021-0.4%+1.4%+5.0%
Q1 2021+1.8%-0.5%+4.3%
Q4 2020-1.0%-3.5%-3.0%
Q3 2020-12.6%-11.8%-8.9%
Q2 2020+5.0%+2.1%+5.3%
Q1 2020+6.2%+13.3%+4.0%
Q4 2019-3.3%-4.6%-8.1%
Q3 2019+5.5%+5.5%+6.7%
Q2 2019+5.2%+11.6%+4.9%
Q1 2019-6.0%-8.9%-10.4%
Q4 2018+9.4%+7.1%+17.2%
Q3 2018+4.2%+2.1%-3.7%
Q2 2018-0.2%-0.5%-0.4%
Q1 2018+5.7%+6.0%+11.0%
Q4 2017+2.5%+4.1%-0.1%
Q3 2017-6.2%-3.6%-6.0%
Q2 2017+0.2%-0.3%+5.9%
Q1 2017-0.2%+2.0%-6.3%
Q4 2016-3.6%-1.6%+3.1%
Q3 2016-1.3%-2.1%+14.1%
Q2 2016-5.2%-2.3%-3.4%
Q1 2016+3.5%
Q4 2015+3.8%
Q3 2015+3.0%
Q2 2015-1.4%
Q1 2015+4.5%
Q4 2014+1.2%
Q3 2014+3.3%
Q2 2014+5.5%
Q1 2014+4.1%
Q4 2013-3.8%
Q3 2013+0.8%
Q2 2013-0.3%
Q1 2013-3.8%
Q4 2012+6.5%
Q3 2012+6.9%
Q2 2012-6.7%
Q1 2012+2.8%
Q4 2011+1.2%
Q3 2011-2.6%
Q2 2011-0.3%
Q1 2010-1.9%
Q1 2011+0.9%
Q4 2010+2.0%
Q3 2010+0.4%
Q3 2009+0.4%
Q2 2010+1.5%
Q4 2008+1.5%
Q2 2009+1.5%
Q4 2009+1.5%

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