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Wolf Popper LLP Announces Investigation on Behalf of Hub Group, Inc. Investors
Globenewswire· 2026-02-07 01:12
Core Viewpoint - Hub Group, Inc. is facing scrutiny due to a restatement of its financial statements for the first three quarters of 2025, which has led to a significant drop in its stock price following the announcement of the issue [2]. Financial Performance - In 2025, Hub Group reported revenues of $3.7 billion [1]. - The company announced preliminary fourth quarter and full year results after the market closed on February 5, 2026 [2]. Financial Restatement - Hub Group disclosed that it would restate its financial statements for the first three quarters of 2025 due to an error that resulted in the understatement of purchased transportation costs and accounts payable [2]. - The total amount of the reduction to accounts payable and purchased transportation costs related to this issue is $77 million [2]. Stock Market Reaction - Following the announcement of the financial restatement, Hub Group's stock price fell by $9.37 per share, closing at $41.96 on February 6, 2026, which represents an 18.3% decline on heavy trading volume [2].
Scott+Scott Attorneys at Law LLP Alerts Investors of Its Investigation into Hub Group, Inc. (HUBG)
TMX Newsfile· 2026-02-06 21:01
Core Viewpoint - Hub Group, Inc. is under investigation for potentially issuing misleading statements and failing to disclose material information, which may have violated federal securities laws [1]. Group 1: Company Overview - Hub Group is a transportation and logistics management company [2]. Group 2: Financial Results and Stock Performance - On February 5, 2026, Hub Group announced a delay in the release of its fourth quarter and full year 2025 financial results, along with a restatement of its financial statements for the first three quarters of 2025 [2]. - Following this announcement, Hub Group's stock price experienced a significant drop, falling as much as 27% during trading on February 6, 2026 [2]. Group 3: Legal Investigation - Scott+Scott Attorneys at Law LLP is investigating the impact of the stock drop on investors, indicating potential significant losses for those holding Hub Group common stock [5]. - The investigation aims to determine if there are potential claims against Hub Group for the financial losses incurred by investors [5].
Hub Group Schedules Fourth Quarter 2025 Earnings Conference Call
Globenewswire· 2026-01-22 21:05
Core Viewpoint - Hub Group, Inc. will hold a conference call on February 5, 2026, to discuss its fourth quarter 2025 results, which will be announced after market close on the same day [1]. Group 1: Conference Call Details - The conference call is scheduled for 5:00 p.m. Eastern Time and will be accessible via a webcast on Hub Group's website [2]. - Participants wishing to join the call by telephone must pre-register to receive a dial-in number and unique PIN, and are advised to call in approximately ten minutes before the scheduled time [3]. - The call will last for 60 minutes, including a question-and-answer session [3]. Group 2: Company Overview - Hub Group provides comprehensive transportation and logistics management solutions, focusing on customer needs and utilizing industry-leading technology for supply chain optimization [5]. - The company is publicly traded on Nasdaq under the ticker HUBG and reported approximately $4 billion in revenue, employing nearly 6,000 people globally [5].
Hub Group Schedules Third Quarter 2025 Earnings Conference Call
Globenewswire· 2025-10-16 20:10
Core Points - Hub Group, Inc. will hold a conference call on October 30, 2025, at 5:00 p.m. Eastern Time to discuss its third quarter 2025 results [1] - The results will be announced via press release after the market closes on the same day [1] Access Information - The conference call will be available as a webcast through the Investors link on Hub Group's website [2] - Participants wishing to join the Q&A session must pre-register to receive the dial-in number and unique PIN [3] - An audio replay of the call will be accessible for 30 days via the Investors link on the company's website [4] Company Overview - Hub Group provides comprehensive transportation and logistics management solutions, focusing on customer needs [5] - The company has approximately $4 billion in revenue and employs nearly 6,000 people globally [5] - Hub Group is committed to service, integrity, and innovation, continuously optimizing supply chains with industry-leading technology [5]
Hub Group Reports First Quarter 2025 Results
Globenewswire· 2025-05-08 20:05
Core Insights - Hub Group, Inc. reported first quarter 2025 net income of $27 million, maintaining diluted earnings per share at $0.44, consistent with the same quarter in 2024 [2][11] - The company achieved an operating income margin of 4.1%, reflecting a 40-basis point improvement year-over-year, driven by yield management and cost containment efforts [3][6] Financial Performance - Consolidated revenue for Q1 2025 was $915 million, an 8% decline from $999 million in Q1 2024, primarily due to lower revenue per unit in intermodal and brokerage, decreased fuel revenue, and slowing shipping patterns [4][11] - Purchased transportation and warehousing costs decreased by 11% to $658 million, while salaries and benefits increased by 3% to $149 million [5] - Operating income for the quarter was $37 million, representing 4.1% of revenue, with EBITDA reported at $85 million [6][11] Segment Performance - The Intermodal and Transportation Solutions (ITS) segment generated revenue of $530 million, down from $552 million in the prior year, but operating income increased to $14 million due to cost control measures [7] - The Logistics segment reported revenue of $411 million, down from $480 million, with operating income improving to $23 million, reflecting positive contributions from consolidation and fulfillment despite lower brokerage margins [8] Capital and Outlook - Capital expenditures for Q1 2025 totaled $19 million, with cash reserves at $141 million as of March 31, 2025 [9][11] - The company projects diluted earnings per share for 2025 to range from $1.75 to $2.25, with estimated revenue between $3.6 billion and $4.0 billion [12]