NASDAQ$JBHT

J.B.Hunt Transport Services Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

J.B. Hunt reported increased revenue and EPS for Q3 2022, driven by growth in Intermodal, Dedicated, and Truckload segments, but faced challenges with rail velocity and higher costs.

J.B. Hunt reported Q3 2022 net earnings of $269.4 million, or $2.57 per diluted share, compared to $199.8 million, or $1.88 per diluted share, in Q3 2021. Total operating revenue increased by 22% to $3.84 billion. The increase was driven by growth in the Intermodal, Dedicated, and Truckload segments, but was partially offset by an 8% decrease in volume in Integrated Capacity Solutions (ICS).

  • Total operating revenue increased by 22% year-over-year to $3.84 billion.
  • Diluted earnings per share increased to $2.57, compared to $1.88 in the prior year quarter.
  • Intermodal volume increased by 4%, with revenue up 30% due to higher revenue per load and volume growth.
  • Dedicated Contract Services (DCS) revenue increased by 34%, driven by an 18% increase in average revenue producing trucks.

Headline financials

Total Revenue

$3.84B

Previous: $3.14B+22.1%
EPS (adj)

$2.57

Previous: $1.88+36.7%
Intermodal Loads

0

Previous: -6+100.0%
Intermodal Revenue/Load

$0.00

Previous: $24.00-100.0%
Dedicated Rev/Truck/Week

$0.00

Previous: $7.00-100.0%
Final Mile Stops

0

Previous: -3+100.0%
Truckload Rev/Load

$0.00

Previous: $65.00-100.0%
Capital Expenditures

-$1.09B

Previous: -$573M-90.0%
Free Cash Flow

-$818M

Previous: -$373M-119.5%
Net Income

$269M

Previous: $200M+34.8%
Operating Income

$362M

Previous: $274M+32.3%
Gross Profit

-$329M

Previous: -$204M-60.9%
Cash & Equivalents

$84.3M

Previous: $530M-84.1%
Total Assets

$7.43B

Previous: $6.51B+14.1%
Stock-Based Comp

$20.2M

Previous: $15.9M+26.4%

Revenue & EPS history

J.B.Hunt · Revenue · Quarterly

$3.84B

Q3 2022+22.1%vs Q3 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

J.B.Hunt · $3.35B total across 5 segments · Q3 2022

  • Intermodal
    $1.6B+1180.2%
  • Dedicated Contract Services
    $938M+1168.8%
  • Integrated Capacity Solutions
    $508M-21.6%
  • Final Mile Services
    $159M+629.7%
  • Truckload
    $147M-49.7%

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.

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 2022

Historical avgQ3 2022

+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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