JB Hunt Posts $172.4M Q3 Profit After CFO's September Warning
JBHT sits 71% above its 52-week low of $137.99.
Summary
J.B. Hunt reported Q3 net income of $172.4M and EPS of $1.82, the first hard numbers since CFO Brad Delco warned on September 16 that quarterly profit could fall 5-10% sequentially on higher transportation costs. That warning triggered a 13% single-day drop, the stock's worst since March 2020, so this print is the first real test of whether the cost pressure was as bad as feared. Q2 had set a high bar with EPS of $1.91, up 41% year over year on intermodal volume growth and cost discipline. Revenue came in at $3.68B, with intermodal revenue of $1.83B and dedicated contract services revenue of $960M. The headline gives net income only, so the key comparison is whether $172.4M lands inside or below the guided 5-10% sequential decline. Full intermodal volume detail will determine whether the September selloff was overdone or justified.
At the time of this announcement, JBHT was trading at $235.31 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $22.1B. The 52-week trading range was $137.99 to $299.76. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.