Business
Hub Group Reports First Quarter 2025 Results
Highlights: Diluted earnings per share (EPS) of $0.44 for the first quarter in-line with prior yearFirst quarter revenue of $915 millionOperating income of
About this update from Hub Group, Inc.
[{"type":"text","content":"Highlights: Diluted earnings per share (EPS) of $0.44 for the first quarter in-line with prior yearFirst quarter revenue of $915 millionOperating income of $37 million or 4.1% of revenue, a 40-basis point improvement over Q1 2024Returned $21 million to shareholders in the first quarter through share repurchases and dividendsEnded the quarter with cash of $141 million Net debt/EBITDA of 0.4x OAK BROOK, Ill., May 08, 2025 (GLOBE NEWSWIRE) -- Hub Group, Inc. (Nasdaq: HUBG) announced first quarter 2025 net income of $27 million and diluted earnings per share of $0.44. Net income for the first quarter of 2024 was $27 million, or $0.44 per diluted share. “I am proud of the team’s performance in the first quarter as we remained focused on yield management, cost containment and operating efficiency initiatives, resulting in an operating income margin of 4.1%, a 40-basis point improvement over last year and a 20-basis point improvement over the fourth quarter. This included a 70-basis point improvement in our Logistics segment operating margins versus last year. Looking ahead we are focused on providing exceptional service and value to our customers while effectively managing our costs and investing in our business to deliver long term growth,” said Phil Yeager, Hub Group’s President, Chief Executive Officer, and Vice Chairman. First Quarter 2025 Results Consolidated revenue for the first quarter of 2025 of $915 million, an 8% decline from $999 million reported in the first quarter of 2024. Strong intermodal volume growth of 8% was offset by lower revenue per unit in intermodal and brokerage, decreased fuel revenue, and slowing shipping patterns in our Logistics segment. First quarter purchased transportation and warehousing costs of $658 million decreased 11% compared to prior year due to lower rail and third-party warehouse costs. Salaries and benefits of $149 million were 3% higher than prior year driven by additional warehouse and driver team members and the addition of EASO. Depreciation and amortization of $33 million decreased 15% in the quarter. Insurance and claims of $11 million decreased 14% due to lower claim costs in the quarter. General and administrative expenses of $27 million were comparable to the prior year. Operating income for the first quarter was $37 million or 4.1% of revenue, a 40-basis point improvement over the...