J.b. Hunt Transport Services, Inc. · NASDAQ:JBHT
J.b. Hunt Transport Services — Q4 2024 Earnings Presentation
19 slides from J.b. Hunt Transport Services's earnings presentation, January 2025
Slide 1: J.B. Hunt Transport Services, Inc. Q4 2024 Results
J.B. Hunt Transport Services, Inc. Q4 2024 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 5% Intermodal (JBI) 4Q 2024 Revenue Mix 7% • Largest, 100% 53’ high-cube container fleet • Largest drayage fleet in North America 10% • Priority loading and unloading at major rail terminals Dedicated Contract Services® (DCS®) • Fleet creation, conversion, and aug
Slide 4: 4Q 2024 Results vs. 4Q 2023
4Q 2024 Results vs. 4Q 2023 Overview Segment Performance 4Q 2024 Revenue: Intermodal (JBI) $3.15 billion; down 5% Revenue: $1.60 billion; down 2% Operating Income: $117.0 million; down 10% 4Q 2024 Revenue, excl FSC: $2.78 billion; down 2% Dedicated Contract Services (DCS) Revenue: $839 million; down
Slide 5: 4Q Results Consolidated
4Q 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 $632 $681 $12,000 $624 $600 $400 $203 $207 $10,000 $9,637 $200 $9,165 $- $8,615 2014 2015 2016 2017 2018 2019 202
Slide 6: Segment Discussion
| Segment Discussion
Slide 7: Intermodal (JBI)
Intermodal (JBI) Intermodal volume increased 5% over the same period in 2023. JBI Revenue (in millions) Transcontinental network loads increased 4%, while eastern network loads increased 6% compared to the fourth quarter 2023. Sequentially, volumes improved 2% from the third quarter, with $7,022 $7,
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% 0% 0% -4% -10% -1% -2% -20% -10% -4% -29% -25% -12% -20% -40% FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 4Q Y/Y FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 4Q Y/Y JBI Aver
Slide 9: Dedicated Contract Services (DCS)
Dedicated Contract Services (DCS) DCS Revenue (in millions) DCS revenue decreased 5% during the current quarter over the same period in 2023, driven by a 4% decline in average $3,524 $3,543 trucks combined with a 1% decline in productivity (revenue $3,500 $3,396 per truck per week). Productivity, ex
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% 5% 20% 0% 0% 10% 3% 1% -10% -7% 0% -4% -5% -10% -20% FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 4Q Y/Y FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 4Q Y/Y DCS Revenue Per
Slide 11: Integrated Capacity Solutions (ICS)
Integrated Capacity Solutions (ICS) ICS revenue decreased 15% in the current quarter versus the ICS Revenue (in millions) fourth quarter 2023. Overall segment volume decreased 22% versus the prior-year period. Revenue per load increased 9% $2,471 compared to the fourth quarter 2023 due to higher $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) -6% -$11.1 -20% ($30.0) -18% -15% -$24.9 -$21.8 -40% ($50.0) -$44.7 -$44.1 -40% -$55.9 -60% ($70.0) FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY
Slide 13: Final Mile Services (FMS)
Final Mile Services (FMS) FMS Revenue (in millions) FMS revenue declined 6% compared to the same period 2023. The decline was primarily driven by general weakness $1,042 in demand across many of the end markets served. The $1,000 decline in revenue was partially offset by improved revenue $910 quali
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 $12.3 $13.2 $15.0 0% -1% $5.0 -10% -6% -$5.0 -$0.9 -12% -20% -$15.0 -$8.8 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 4Q Y/Y 2019 2
Slide 15: Truckload (JBT)
Truckload (JBT) JBT Revenue (in millions) JBT revenue decreased 7% compared to the same period in the previous year. Revenue excluding fuel surcharge revenue $1,000 decreased 3% primarily due to a 2% decrease in revenue per $937 load excluding fuel surcharge revenue and flat load volume versus the p
Slide 16: Truckload (JBT)
Truckload (JBT) JBT Average Effective Trailing Equipment JBT Average Length of Haul 16,000 700 663 652 629 570 591 13,000 12,552 12,897 600 548 12,130 12,000 10,611 500 420 415 7,844 400 8,000 7,321 6,497 300 200 4,000 100 - - 2019 2020 2021 2022 2023 2024 4Q 23 4Q 24 2019 2020 2021 2022 2023 2024 4
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
Ba la n ce S h eet J.B. HUNT TRANSPORT SERVICES, INC. Condensed Consolidated Balance Sheets (in thousands) (unaudited) Pecember 31, 2024. December 31, 2023 *""* ASSETS Current assets: Cash and cash equivalents $ 46,983 s 53,344 Accounts Receivable, net 4,224,166 1,334,912 Prepaid expenses and other
Slide 19: Thank You
oe Thank You [ SGEAUITAS | People. Technology. Capacity... ”»
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