LOWELL, Ark. - J.B. Hunt Transport Services Inc. (NASDAQ:JBHT) reported fourth-quarter earnings that fell short of analyst expectations, despite revenue coming in slightly above estimates. The transportation and logistics company's shares dipped 1% Thursday in response to the mixed results.
J.B. Hunt posted earnings per share of $1.53 for Q4 2024, missing the analyst consensus of $1.64. However, revenue of $3.15 billion narrowly beat expectations of $3.13 billion.
The company's top line decreased 5% YoY, primarily due to lower fuel surcharge revenue and yield pressure in its Intermodal segment. Intermodal revenue fell 2% to $1.60 billion, while operating income in the segment dropped 10% to $117.0 million.
"Demand trends for our intermodal service were seasonally strong during the quarter, particularly on eastbound loads out of Southern California," said J.B. Hunt in its earnings release. However, the company noted that lower yields offset the benefits of higher volumes.
The Dedicated Contract Services segment saw revenue decline 5% to $839 million, though operating income rose 5% to $90.3 million. The Integrated Capacity Solutions unit reported a 15% revenue decrease to $308 million and an operating loss of $21.8 million.
J.B. Hunt's net income for Q4 edged up slightly to $155.5 million from $153.5 million a year earlier. For the full year 2024, revenue fell 6% to $12.09 billion while diluted EPS dropped 20% to $5.56.
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