J.B. Hunt Q2 Profit Jumps 41% to $181M, Revenue Hits $3.5B, Beating Estimates
JBHT has more than doubled off its 52-week low of $130.12.
Summary
J.B. Hunt delivered a strong Q2, with profit surging 41% to $181 million, or $1.91 per share, on revenue of $3.5 billion, beating analyst expectations of $1.74 and $3.26 billion. Operating income reached $259.5 million. Growth was broad-based: intermodal, the largest segment, saw revenue jump 22% on a 10% volume increase, while integrated capacity solutions revenue soared 49%. The only soft spot was final mile services, where revenue dipped 6% as the company prioritizes account profitability. This follows a pattern of robust earnings, with Q1 also showing 27% EPS growth. The stock is trading near its 52-week high, and these results reinforce the upward momentum.
At the time of this announcement, JBHT was trading at $292.20 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $26.1B. The 52-week trading range was $130.12 to $294.98. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.