J.b. Hunt Transport Services, Inc. · NASDAQ:JBHT
J.b. Hunt Transport Services — Q1 2025 Earnings Presentation
19 slides from J.b. Hunt Transport Services's earnings presentation, 2025
Slide 1: J.B. Hunt Transport Services, Inc. Q1 2025 Results
J.B. Hunt Transport Services, Inc. Q1 2025 Results
Slide 2: Disclosure
Disclosure This presentation and discussion may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “anticipates,” “intends,” “estimates,” or similar expressions are intended to identify these forward-looking stateme
Slide 3: Distinct & Complementary Businesses
Distinct & Complementary Businesses 6% Intermodal (JBI) 1Q 2025 Revenue Mix 7% • Largest, 100% 53’ high-cube container fleet • Largest drayage fleet in North America 9% • Priority loading and unloading at major rail terminals Dedicated Contract Services® (DCS®) 50% • Fleet creation, conversion, and
Slide 4: 1Q 2025 Results vs. 1Q 2024
1Q 2025 Results vs. 1Q 2024 Overview Segment Performance 1Q 2025 Revenue: Intermodal (JBI) $2.92 billion; down 1% Revenue: $1.47 billion; up 5% Operating Income: $94.4 million; down 7% 1Q 2025 Revenue, excl FSC: $2.56 billion; up 0.3% Dedicated Contract Services (DCS) Revenue: $822 million; down 4%
Slide 5: 1Q Results Consolidated
1Q Results Consolidated Operating Income (in millions) Revenue (in millions) $14,814 $1,400 $1,332 $1,200 $14,000 $1,046 $993 $1,000 $12,830 $831 $12,168 $12,087 $800 $716 $721 $734 $713 $681 $12,000 $624 $600 $400 $194 $179 $10,000 $9,637 $200 $9,165 $- $8,615 2015 2016 2017 2018 2019 2020 2021 202
Slide 6: Segment Discussion
Segment Discussion
Slide 7: Intermodal (JBI)
Intermodal (JBI) JBI Revenue (in millions) $7,022 Intermodal volume increased 8% over the same period in 2024. $7,000 Transcontinental network loads increased 4%, while eastern network $6,207 loads increased 13% compared to the first quarter 2024. Overall $5,956 demand for our domestic intermodal se
Slide 8: Intermodal (JBI) Performance
Intermodal (JBI) Performance JBI Revenue Change JBI Operating Income Change 40% 41% 40% 33% 29% 30% 20% 17% 20% 10% 5% 0% 0% -4% -7% -1% -20% -10% -4% -29% -25% -12% -20% -40% FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 1Q Y/Y FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 1Q Y/Y JBI Averag
Slide 9: Dedicated Contract Services (DCS)
Dedicated Contract Services (DCS) DCS Revenue (in millions) $3,524 $3,543 $3,396 DCS revenue decreased 4% during the current quarter over $3,500 the same period 2024, driven by a 5% decline in average trucks partially offset by a 2% increase in productivity (gross revenue per truck per week). Produc
Slide 10: Dedicated Contract Services (DCS)
Dedicated Contract Services (DCS) DCS Revenue Change DCS Operating Income Change 40% 20% 15% 30% 13% 12% 30% 23% 10% 20% 0% 0% 10% 3% 1% -10% -7% 0% -4% -4% -14% -10% -20% FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 1Q Y/Y FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 1Q Y/Y DCS Revenue Pe
Slide 11: Integrated Capacity Solutions (ICS)
Integrated Capacity Solutions (ICS) ICS Revenue (in millions) $2,471 ICS revenue declined 6% during the current quarter versus $2,500 $2,323 the first quarter 2024. Overall segment volume decreased 13% versus the prior year period. Revenue per load increased $2,250 8% compared to the first quarter 2
Slide 12: Integrated Capacity Solutions (ICS)
Integrated Capacity Solutions (ICS) ICS Revenue Change ICS Operating Income/(Loss) (in millions) $57.6 60% 49% $50.0 $39.9 40% 23% $30.0 20% $10.0 0% ($10.0) -$2.7 -6% -6% -$11.1 -20% -$17.5 -18% ($30.0) -40% ($50.0) -$44.7 -$44.1 -40% -$55.9 -60% ($70.0) FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24
Slide 13: Final Mile Services (FMS)
Final Mile Services (FMS) FMS Revenue (in millions) $1,042 $1,000 FMS revenue decreased 12% compared to the same period $909 $918 $910 2024. The decrease was primarily driven by general weakness in demand across many of the end markets served. The decline in revenue was modestly offset by improved r
Slide 14: Final Mile Services (FMS)
Final Mile Services (FMS) FMS Revenue Change FMS Operating Income/(Loss) (in millions) 40% $60.1 32% $55.0 $46.7 30% 22% $45.0 $34.3 $36.6 20% 15% $35.0 10% $25.0 $15.1 0% $15.0 $4.7 -1% $5.0 -10% -$5.0 -$0.9 -12% -12% -20% -$15.0 -$8.8 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 1Q Y/Y 2019 2
Slide 15: Truckload (JBT)
Truckload (JBT) JBT Revenue (in millions) JBT revenue decreased 7% compared to the same period in $1,000 the previous year. Revenue excluding fuel surcharge revenue $937 decreased 4% due to a 6% decline in revenue per load excluding fuel surcharge revenue partially offset by a 2% increase in load vo
Slide 16: Truckload (JBT)
Truckload (JBT) JBT Average Effective Trailing Equipment JBT Average Length of Haul 16,000 800 13,000 12,552 12,891 700 652 677 12,096 629 621 12,000 600 548 570 10,611 500 7,844 415 420 8,000 7,321 400 6,497 300 4,000 200 100 - - 2019 2020 2021 2022 2023 2024 1Q 24 1Q 25 2019 2020 2021 2022 2023 20
Slide 17: Summary
Summary Competitively Differentiated Unique intermodal network Distinct advantages in dedicated segments Network economics and brand strength to penetrate new markets Complemented by Industry Dynamics Shippers need to reduce costs Shippers demand on-time service Increasingly complex supply chains Po
Slide 18: Balance Sheet
Balance Sheet J.B, HUNT TRANSPORT SERVICES, INC. Condensed Consolidated Balance Sheets (in thousands) (unaudited) March 31, 2025 December 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 43,407 $ 46,983 Accounts Receivable, net 4,202,829 1,224,166 Prepaid expenses and other 424323 499,834
Slide 19: Thank You
Thank You [zznum. |} People. Technology. Capacity... ”»
J.B. Hunt Transport Services — Q1 2025 Earnings Presentation on 6ix