Press release
J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for the First Quarter 2025
First Quarter 2025 Revenue: $2.92 billion; down 1% First Quarter 2025 Operating Income: $178.7 million; down 8% First Quarter 2025 EPS: $1.17 vs. $1.22; down
About this update from J.b. Hunt Transport Services, Inc.
[{"type":"text","content":"\n\nFirst Quarter 2025 Revenue: $2.92 billion; down 1%\n\n\nFirst Quarter 2025 Operating Income: $178.7 million; down 8%\n\n\nFirst Quarter 2025 EPS: $1.17 vs. $1.22; down 4%\n\n\n LOWELL, Ark.--(BUSINESS WIRE)--\nJ.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced first quarter 2025 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $117.7 million, or diluted earnings per share of $1.17 versus first quarter 2024 net earnings of $127.5 million, or $1.22 per diluted share.\n\nTotal operating revenue for the current quarter was $2.92 billion compared with $2.94 billion for the first quarter 2024, a decrease of 1%. The decline in revenue was primarily driven by a 5% decrease in average truck count in Dedicated Contract Services® (DCS®), 15% fewer stops in Final Mile Services®, 13% fewer loads in Integrated Capacity Solutions (ICS), and an 8% decrease in Truckload (JBT) gross revenue per load compared to the prior year period. These declines were partially offset by Intermodal (JBI) revenue growth of 5%, driven primarily by an 8% increase in load volume. Current quarter total operating revenue, excluding fuel surcharge revenue, increased modestly versus the first quarter 2024.\n\nOperating income for the current quarter decreased 8% to $178.7 million versus $194.4 million for the first quarter 2024. The decrease in operating income was primarily due to the decline in DCS revenue, lower yields in JBI, higher insurance claim and premium expense, increased group medical cost, and higher equipment and maintenance expense. These items were partially offset by lower driver and non-driver personnel counts and corresponding personnel-related expenses, lower bad debt expense and less cargo claims costs compared to the prior-year period.\n\nNet interest expense for the current quarter increased approximately 19% from first quarter 2024 due to higher average consolidated debt balance and lower interest income.\n\nThe effective income tax rate decreased to 26.5% in the current quarter compared to 28.7% in the first quarter 2024, due to discrete tax items. We continue to expect our 2025 annual tax rate to be between 24.0% and 25.0%.\n\nSegment Information:\n\nIntermodal (JBI)\n\n\nFirst Quarter 2025 Segment Revenue: $1.47 billion; up 5%\n\n\nFirst Quarter 2025 Operating Income: $94.4 million; down 7%\n\n\n...