This presentation and discussion may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "anticipates," "intends," "estimates," or similar expressions are intended to identify these forward-looking statements. These statements are based on J.B. Hunt's current plans and expectations and involve risks and uncertainties that could cause future activities and results of operations to be materially different from those set forth ...

[Q2 2024 Financial Highlights](index=1&type=section&id=J.B.%20HUNT%20TRANSPORT%20SERVICES,%20INC.%20REPORTS%20U.S.%20GAAP%20REVENUES,%20NET%20EARNINGS%20AND%20EARNINGS%20PER%20SHARE%20FOR%20THE%20SECOND%20QUARTER%202024) [Overall Performance](index=1&type=section&id=Overall%20Performance) J.B. Hunt experienced a challenging Q2 2024 with a **7%** revenue decline to **$2.93 billion** and a **24%** operating income drop to **$205.7 million**, driven by lower volumes and increased operating costs | Financial Metric | Q2 2024 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | **Total Operating Revenue** | $2.93 billion | $3.13 billion | -7% | | **Operating Income** | $205.7 million | $270.7 million | -24% | | **Net Earnings** | $135.9 million | $189.6 million | -28% | | **Diluted EPS** | $1.32 | $1.81 | -27% | - The **7% decrease** in total operating revenue was primarily caused by volume declines in Integrated Capacity Solutions (**-25%**), Truckload (**-9%**), and Dedicated Contract Services (**-9%**), along with a **5% decrease** in gross revenue per load in the Intermodal segment[6](index=6&type=chunk) - Operating income reduction was attributed to lower revenue combined with increased expenses in insurance and claims, equipment, and certain personnel-related areas[1](index=1&type=chunk) - Net interest expense rose approximately **38% YoY** due to higher effective interest rates and a larger consolidated debt balance[7](index=7&type=chunk) [Segment Performance](index=2&type=section&id=Segment%20Information) [Intermodal (JBI)](index=2&type=section&id=Intermodal%20(JBI)) The Intermodal segment saw revenue decline **5%** and operating income drop **31%**, primarily due to a **1%** volume decrease and a **5%** reduction in revenue per load amid a soft freight market | Metric | Q2 2024 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | **Segment Revenue** | $1.41 billion | $1.49 billion | -5% | | **Operating Income** | $99.2 million | $142.9 million | -31% | - Overall intermodal volume decreased **1% YoY**, with transcontinental loads increasing **4%** while eastern network loads decreased **7%**[2](index=2&type=chunk) - Gross revenue per load decreased by **5%** (**4%** excluding fuel surcharge) due to changes in customer rates, fuel surcharge revenue, and freight mix[2](index=2&type=chunk) - Operating income decline was attributed to lower yields, underutilization of assets, and increased costs for wages, equipment maintenance, and insurance[8](index=8&type=chunk) [Dedicated Contract Services (DCS)](index=2&type=section&id=Dedicated%20Contract%20Services%20(DCS)) The DCS segment experienced a **4%** revenue decline and **15%** operating income drop, driven by a **1%** decrease in average trucks and **3%** lower productivity, alongside increased operating costs | Metric | Q2 2024 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | **Segment Revenue** | $851 million | $888 million | -4% | | **Operating Income** | $96.4 million | $113.6 million | -15% | - Revenue decline was caused by a **1% drop** in average trucks and a **3% decrease** in productivity (revenue per truck per week)[17](index=17&type=chunk) - The fleet had **339 fewer** revenue-producing trucks compared to the prior-year period, with customer retention rates at approximately **88%**, reflecting fleet downsizing[17](index=17&type=chunk) [Integrated Capacity Solutions (ICS)](index=2&type=section&id=Integrated%20Capacity%20Solutions%20(ICS)) The ICS segment saw a **21%** revenue decline and a widened operating loss of **$13.3 million**, primarily due to a **25%** volume decrease, despite a **5%** increase in revenue per load | Metric | Q2 2024 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | **Segment Revenue** | $270 million | $344 million | -21% | | **Operating Loss** | $(13.3) million | $(4.4) million | N/A | - Overall segment volume decreased **25% YoY**, while revenue per load increased **5%**[18](index=18&type=chunk) - Gross profit margin improved to **14.8%** from **13.0%** in Q2 2023, reflecting intentional yield management and better capacity procurement[3](index=3&type=chunk) - The carrier base decreased by **24% YoY**, largely due to changes in carrier qualification requirements to mitigate cargo theft[3](index=3&type=chunk) [Final Mile Services (FMS)](index=3&type=section&id=Final%20Mile%20Services%20(FMS)) The FMS segment demonstrated strong performance with revenue increasing **5%** to **$235 million** and operating income surging **33%** to **$19.8 million**, driven by new contracts and cost management | Metric | Q2 2024 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | **Segment Revenue** | $235 million | $224 million | +5% | | **Operating Income** | $19.8 million | $14.8 million | +33% | - Revenue growth was driven by multiple new contracts implemented over the last year, partially offset by efforts to improve revenue quality and general market weakness[19](index=19&type=chunk) - Operating income included a **$1.1 million** net benefit from two offsetting claim settlements; excluding this, income still increased due to higher revenue and lower personnel and equipment costs[20](index=20&type=chunk) [Truckload (JBT)](index=3&type=section&id=Truckload%20(JBT)) The JBT segment's revenue declined **12%** to **$168 million** and operating income decreased **7%** to **$3.5 million**, primarily due to a **9%** load volume drop and **4%** lower revenue per load | Metric | Q2 2024 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | **Segment Revenue** | $168 million | $192 million | -12% | | **Operating Income** | $3.5 million | $3.8 million | -7% | - Revenue excluding fuel surcharge decreased **13%**, driven by a **9% decline** in load volume and a **4% decline** in revenue per load excluding fuel[11](index=11&type=chunk) - The operating income decline was less severe than the revenue decline due to cost management initiatives, which improved the operating income as a percentage of gross revenue[12](index=12&type=chunk) [Financial Statements & Data](index=5&type=section&id=Financial%20Statements%20%26%20Data) [Condensed Consolidated Statements of Earnings](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Earnings) Q2 2024 total operating revenues were **$2.93 billion**, a **7%** decrease, with operating income falling to **$205.7 million** and net earnings to **$135.9 million**, or **$1.32** per diluted share Q2 Statement of Earnings (in thousands, except per share data) | Metric | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | | :--- | :--- | :--- | | **Total operating revenues** | $2,928,685 | $3,132,623 | | **Operating income** | $205,709 | $270,712 | | **Net earnings** | $135,873 | $189,552 | | **Diluted earnings per share** | $1.32 | $1.81 | YTD Statement of Earnings (in thousands, except per share data) | Metric | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :--- | :--- | :--- | | **Total operating revenues** | $5,872,685 | $6,362,212 | | **Operating income** | $400,078 | $548,201 | | **Net earnings** | $263,366 | $387,320 | | **Diluted earnings per share** | $2.54 | $3.70 | [Condensed Consolidated Balance Sheets](index=12&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2024, total assets were **$8.42 billion**, total liabilities **$4.34 billion**, and shareholders' equity **$4.08 billion**, with cash and equivalents at approximately **$54 million** Balance Sheet Highlights (in thousands) | Account | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Total current assets** | $1,913,710 | $2,084,912 | | **Net property and equipment** | $5,833,493 | $5,773,913 | | **Total Assets** | $8,415,880 | $8,538,260 | | **Total current liabilities** | $1,581,460 | $1,779,421 | | **Long-term debt** | $1,483,804 | $1,326,107 | | **Shareholders' equity** | $4,075,996 | $4,103,758 | | **Total Liabilities & Equity** | $8,415,880 | $8,538,260 | [Cash Flow and Capitalization](index=3&type=section&id=Cash%20Flow%20and%20Capitalization) Net cash from operating activities for H1 2024 was **$827 million**, a decrease from **$1.1 billion**, with net capital expenditures significantly reduced to **$409 million** and total debt at **$1.48 billion** Six Months Ended June 30 (in thousands) | Metric | 2024 | 2023 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $827,021 | $1,097,290 | | **Net capital expenditures** | $408,853 | $853,778 | - Total debt outstanding was approximately **$1.48 billion** as of June 30, 2024, compared to **$1.45 billion** a year prior and **$1.58 billion** at the end of 2023[21](index=21&type=chunk) - Cash and cash equivalents were approximately **$54 million** at the end of the second quarter[13](index=13&type=chunk) [Operating Statistics by Segment](index=8&type=section&id=Operating%20Statistics%20by%20Segment) Q2 2024 operating statistics reflected a soft freight environment, with Intermodal loads down **1%**, Dedicated loads down **9%**, ICS loads down **25%**, Truckload loads down **9%**, and FMS stops down **4%** Q2 2024 vs Q2 2023 Key Operating Metrics | Segment | Metric | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | :--- | | **Intermodal** | Loads | 497,446 | 501,681 | | **Dedicated** | Loads | 1,007,798 | 1,104,896 | | **ICS** | Loads | 145,362 | 194,635 | | **Final Mile** | Stops | 1,098,521 | 1,141,415 | | **Truckload** | Loads | 92,628 | 101,402 | [Shareholder Activity](index=3&type=section&id=Shareholder%20Activity) [Share Repurchase Program](index=3&type=section&id=Share%20Repurchase%20Program) In Q2 2024, the company repurchased approximately **1.225 million** shares for **$203 million**, with **$163 million** remaining under the share repurchase authorization - In Q2 2024, the company repurchased approximately **1,225,000 shares** of common stock at a cost of around **$203 million**[14](index=14&type=chunk) - At the end of the quarter (June 30, 2024), approximately **$163 million** was still available under the existing share repurchase authorization[14](index=14&type=chunk)

Loading... Loading... J.B. Hunt Transport Services, Inc. JBHT will release its second quarter financial results, after the closing bell on Tuesday, July 16. Analysts expect the Lowell, Arkansas-based company to report quarterly earnings at $1.53 per share, down from $1.81 per share in the year-ago period. J.B. Hunt Transport is expected to post revenue of $3.05 billion, compared to $3.13 billion a year earlier, according to data from Benzinga Pro. On April 16, J.B. Hunt Transport reported first-quarter 2024 ...

Core Viewpoint - J.B. Hunt Transport Services, Inc. is expected to report a decline in revenues for the second quarter of 2024, with various segments showing mixed performance and increased operating expenses impacting the bottom line [3][6][16]. Revenue Expectations - The Zacks Consensus Estimate for J.B. Hunt's second-quarter 2024 revenues is $3.09 billion, reflecting a 1.20% year-over-year decline [3]. - The Dedicated Contract Services segment is projected to generate revenues of $899.91 million, indicating a 1.4% growth from the previous year due to an increase in average trucks [4]. - Truckload revenues are estimated at $179.18 million, representing a 6.6% decline from the same quarter last year, attributed to decreased revenue per load and load volume [5]. - Intermodal revenues are expected to be $1.467 billion, showing a 1.4% decline year-over-year due to changes in freight mix and customer rates [13]. - Integrated Capacity Solutions revenues are estimated at $309.52 million, indicating a 9.9% decline from the previous year, impacted by lower rates and changes in customer freight mix [14]. - Final Mile Services revenues are projected at $238.03 million, reflecting a 6.3% increase from the previous year, supported by new contracts [15]. Earnings Expectations - The consensus estimate for J.B. Hunt's second-quarter 2024 earnings has been revised downward by 19.5% over the past 90 days to $1.52 per share, which is a 16.02% decline from the year-ago figures [16]. - The company has a history of disappointing earnings surprises, missing the Zacks Consensus Estimate in each of the last four quarters, with an average miss of 11.65% [12]. Financial Challenges - Higher net interest expenses are expected to negatively impact J.B. Hunt's bottom line due to rising interest rates [6]. - Increased operating expenses from high fuel costs, transportation costs, and employee-related expenses are also anticipated to affect profitability [6].

Core Insights - Wall Street analysts expect JB Hunt (JBHT) to report quarterly earnings of $1.52 per share, reflecting a year-over-year decline of 16% [1] - Revenue is anticipated to be $3.09 billion, down 1.2% from the same quarter last year [1] Revenue Estimates - Analysts predict 'Revenue- Dedicated' will reach $899.91 million, indicating a year-over-year increase of 1.4% [4] - The consensus for 'Revenue- Integrated Capacity Solutions' is $309.52 million, showing a year-over-year decline of 9.9% [5] - 'Revenue- Truckload' is expected to be $179.18 million, reflecting a decrease of 6.6% year-over-year [12] - 'Revenue- Final Mile Services' is projected at $238.03 million, suggesting a year-over-year increase of 6.3% [13] Key Metrics - 'Revenue per load - Intermodal' is estimated to be $2,904.29, down from $2,968 in the same quarter last year [6] - 'Loads - Intermodal' is forecasted at 514,812, compared to 501,681 in the same quarter of the previous year [7] - 'Average trucks - Dedicated' is expected to be 13,323, slightly up from 13,236 year-over-year [8] - 'Total tractors - Truckload' is projected to be 1,941, down from 2,068 in the same quarter last year [9] - 'Revenue per load - Integrated Capacity Solutions' is expected to reach $1,821.20, up from $1,766 in the same quarter last year [14] - 'Loads - Integrated Capacity Solution' is estimated at 173,074, down from 194,635 in the same quarter last year [16] - 'Average trucks - Final Mile Services' is projected at 1,368, down from 1,551 year-over-year [15] - 'Total trucks - Dedicated' is expected to be 13,392, compared to 13,228 in the same quarter last year [17] Market Performance - Over the past month, JB Hunt shares have recorded a return of -0.7%, while the Zacks S&P 500 composite has shown a downward revision of 1.8% in the consensus EPS estimate for the quarter [10]

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Let's delve deeper. Weak Zacks Rank and Style Score: JBHT currently carries a Zacks Rank #5 (Strong Sell). The company's current Value Score of D shows its unattractiveness. Image Source: Zacks Investment Research Other Headwinds: J.B. Hunt continues to grapple with lower revenues across the majority of its business segments, mainly due to a combination of lower volume and customer rates. Higher net interest expense (owing to higher interest rates and debt issuance cost) is likely to mar J.B. Hunt's bottom ...

It has been about a month since the last earnings report for JB Hunt (JBHT) . Shares have lost about 0.3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is JB Hunt due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Earnings Miss at J.B. Hunt in Q1 J.B. Hunt Transpor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-11757 J.B. HUNT TRANSPORT SERVICES, INC. (Exact name of registrant as specified in its charter) Arkansas 71-0335111 (State or other jurisdiction (I.R.S. Employer o ...

J.B. Hunt Transport Services, Inc.'s (JBHT) first-quarter 2024 revenues of $2,944 million missed the Zacks Consensus Estimate of $3,117.1 million and fell 8.8% year over year. Total operating revenues, excluding fuel surcharge revenue, fell 7% year over year. The downfall was owing to a 9% decrease in segment gross revenue per load in both Intermodal (JBI) and Truckload (JBT), 22% fewer loads in Integrated Capacity Solution (ICS), and a modest decline in average trucks and productivity in Dedicated Contract ...