Press release
J.B. Hunt Transport Services, Inc. Reports Revenues, Net Earnings and Earnings Per Share for Both the Fourth Quarter and Year Ended December 31, 2019
Fourth quarter 2019 Revenue: $2.45 billion; up 6% Fourth quarter 2019 Operating Income: $205.1 million; up 67% Fourth quarter 2019 EPS: $1.35 vs. $0.81; up
About this update from J.b. Hunt Transport Services, Inc.
[{"type":"text","content":"\n\nFourth quarter 2019 Revenue: $2.45 billion; up 6%\n\n\nFourth quarter 2019 Operating Income: $205.1 million; up 67% \n\n\nFourth quarter 2019 EPS: $1.35 vs. $0.81; up 67%\n\n\n\n\nFull Year 2019 Revenue: $9.17 billion; up 6%\n\n\nFull Year 2019 Operating Income: $733.8 million; up 8%\n\n\nFull Year 2019 EPS: $4.75 vs. $4.43; up 7%\n\n\n\n \n\n LOWELL, Ark.--(BUSINESS WIRE)--\nJ.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced fourth quarter 2019 net earnings of $144.7 million, or diluted earnings per share of $1.35 vs. fourth quarter 2018 net earnings of $88.7 million, or $0.81 per diluted share. Fourth quarter 2018 net earnings included pretax charges of $134.0 million for contingent liabilities related to the arbitration with BNSF Railway Company.\n\n\nTotal operating revenue for the current quarter was $2.45 billion, compared with $2.32 billion for the fourth quarter 2018. A 2% increase in load volume in Intermodal (JBI), partially offset with a lower revenue per load, contributed to a less than 1% increase in segment revenue. Dedicated Contract Services (DCS) segment revenue increased by 20%, primarily from the February 2019 acquisition and the addition of new customer accounts. Integrated Capacity Solutions (ICS) segment revenue increased by 9% primarily from a 3% increase in load growth and a favorable change in customer freight mix. Truck (JBT) segment revenue decreased 20% primarily from lower loaded miles and lower rates per loaded mile. Current quarter total operating revenue, excluding fuel surcharges, increased approximately 7% vs. the comparable quarter 2018.\n\n\nTotal freight transactions in the Marketplace for J.B. Hunt 360° increased to $289 million compared to $174 million in the prior year quarter. ICS revenue on the platform increased to $225 million with an approximate 60% increase in average monthly active carrier users vs. the year ago period. JBI and JBT executed approximately $47 million and $17 million, respectively, of their third-party dray and independent contractor costs through the platform during the quarter.\n\n\nOperating income for the current quarter totaled $205.1 million vs. $122.7 million for the fourth quarter 2018. Operating income in fourth quarter 2018 included $134.0 million in charges for contingent liabilities related to the arbitration with BNSF Railway Company. Excludi...