JB Hunt Transport’s best estimates of earnings for the third quarter

  • JB Hunt Transport Services Inc (NASDAQ: JBHT) reported 22% sales growth in the third quarter of FY22 year-over-year to $3.84 billion, beating consensus of $3.81 billion.

  • EPS was $2.57, which beat the consensus of $2.46.

  • Operating income improved 32% year-over-year to $362.2 million, and margin increased 70 basis points to 9.4%.

  • Integrated Capacity Solutions revenue fell 11% year-over-year, with an 8% decline in volume.

  • Intermodal revenue increased 30%, driven by a 26% increase in revenue per load and a 4% increase in load volume.

  • Dedicated contract services revenue increased 34% year-over-year, reflecting an 18% year-over-year increase in the average number of revenue-generating trucks and a 14% year-over-year increase in productivity.

  • Total market freight transactions for JB Hunt 360 increased 7% to $552 million.

  • As of September 30, 2022, JBHT had $1.2 billion outstanding in various debt instruments.

  • The company had cash and cash equivalents of $84 million at the end of the quarter.

  • Redeem: JBHT bought ~349,000 shares for ~$61 million. As of September 30, 2022, it had $551 million remaining under the stock repurchase authorization.

  • Price action: JBHT shares are trading up 2.57% at $172.20 pre-market on Wednesday.

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