J.B. Hunt Transport Services(JBHT) - 2023 Q3 - Earnings Call Presentation

Financial Performance - The company's Q3 2023 EPS was $1.80, a 30% decrease compared to $2.57 in Q3 2022 [4] - Q3 2023 revenue reached $3.16 billion, down 18% year-over-year [70] or $2.69 billion excluding fuel surcharge, down 15% year-over-year [70] - Q3 2023 operating income was $241.7 million, a 33% decrease compared to the previous year [70] Segment Performance - Intermodal (JBI): Revenue decreased by 15% to $1.56 billion, and operating income decreased by 41% to $128 million [70] Revenue per load decreased 16% [73] - Dedicated Contract Services (DCS): Revenue decreased by 4% to $892 million, and operating income decreased by 4% to $102.4 million [70] - Integrated Capacity Solutions (ICS): Revenue decreased significantly by 48% to $298 million, resulting in an operating loss of $9.4 million compared to an income of $13.4 million in Q3 2022 [54, 78] - Final Mile Services (FMS): Revenue decreased by 15% to $226 million, but operating income increased by 33% to $13 million [4] - Truckload (JBT): Revenue decreased by 17% to $196 million, and operating income decreased significantly by 48% to $7.7 million [70] Operational Metrics - ICS segment volume decreased 38% versus the prior-year period [12] - ICS contractual volume represented approximately 68% of the total load volume and 67% of the total revenue in the current quarter compared to 49% and 52%, respectively, in third quarter 2022 [12] - JBI segment gross revenue decreased 15% for the quarter versus the prior-year period, reflecting the 1% increase in volume which was more than offset by a 16% decrease in gross revenue per load [73]