J.b. Hunt Transport Services, Inc. · NASDAQ:JBHT
J.b. Hunt Transport Services — Q1 2024 Earnings Presentation
19 slides from J.b. Hunt Transport Services's earnings presentation, 2024
Slide 1: J.B. Hunt Transport Services, Inc. Q1 2024 Results
J.B. Hunt Transport Services, Inc. Q1 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 6% Intermodal (JBI) 1Q 2024 Revenue Mix 8% • Largest, 100% 53’ high-cube container fleet • Largest drayage fleet in North America • Priority loading and unloading at major rail terminals 10% Dedicated Contract Services® (DCS®) 47% • Fleet creation, conversion, and
Slide 4: 1Q 2024 Results vs. 1Q 2023
1Q 2024 Results vs. 1Q 2023 Overview Segment Performance 1Q 2024 Revenue: Intermodal (JBI) $2.94 billion; down 9% Revenue: $1.40 billion; down 9% Operating Income: $101.9 million; down 40% 1Q 2024 Revenue, excl FSC: $2.55 billion; down 7% Dedicated Contract Services (DCS) Revenue: $860 million; down
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 $12,168 $800 $716 $721 $681 $734 $713 $12,000 $632 $624 $600 $400 $277 $194 $10,000 $9,637 $200 $9,165 $- $8,615 2014 2015 2016 2017 2018 2019 2020 2021 2022 2
Slide 6: Segment Discussion
6 Segment Discussion
Slide 7: Intermodal (JBI)
Intermodal (JBI) Intermodal volume was flat versus the same period in 2023. JBI Revenue (in millions) Transcontinental network loads increased 5%, while eastern network loads decreased 7% compared to the first quarter 2023. $7,022 Overall demand for our domestic intermodal service offering in $7,000
Slide 8: Intermodal (JBI) Performance
Intermodal (JBI) Performance JBI Revenue Change JBI Operating Income Change 40% 50% 41% 29% 33% 30% 30% 20% 17% 12% 10% 10% 1% -10% 0% -4% -1% -10% -30% -9% -29% -12% -40% -20% -50% FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 1Q Y/Y FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 1Q Y/Y JBI
Slide 9: Dedicated Contract Services (DCS)
Dedicated Contract Services® (DCS®) DCS Revenue (in millions) DCS revenue decreased 2% during the current quarter over the same period 2023, driven by a 1% decline in average $3,524 $3,543 trucks combined with a 1% decline in productivity (gross $3,500 revenue per truck per week). Productivity exclu
Slide 10: Dedicated Contract Services (DCS)
Dedicated Contract Services® (DCS®) DCS Revenue Change DCS Operating Income Change 40% 50% 42% 30% 40% 30% 23% 30% 19% 20% 20% 13% 15% 12% 10% 10% 3% 0% 1% 0% 0% -10% -2% -9% -10% -20% FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 1Q Y/Y FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 1Q Y/Y D
Slide 11: Integrated Capacity Solutions (ICS)
Integrated Capacity Solutions (ICS) ICS revenue declined 26% during the current quarter versus ICS Revenue (in millions) the first quarter 2023. Overall segment volume decreased 22% versus the prior year period. Revenue per load $2,471 decreased 5% compared to the first quarter 2023 due to $2,500 $2
Slide 12: Integrated Capacity Solutions (ICS)
Integrated Capacity Solutions (ICS) ICS Revenue Change ICS Operating Income/(Loss) (in millions) 60% $57.6 49% $60.0 40% $39.9 $40.0 23% 20% $20.0 1% 0% $0.0 -6% -$5.4 -20% ($20.0) -$11.1 -$17.5 -26% -40% ($40.0) -40% -$44.7 -$44.1 -60% ($60.0) FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 1Q Y/
Slide 13: Final Mile Services (FMS)
Final Mile Services® (FMS) FMS Revenue (in millions) FMS revenue increased 2% compared to the same period 2023. The increase was primarily driven by multiple new contracts implemented over the past year and efforts to $1,042 improve the overall revenue quality of the business. These $1,000 items wer
Slide 14: Final Mile Services (FMS)
Final Mile Services® (FMS) FMS Revenue Change FMS Operating Income/(Loss) (in millions) $46.7 60% 51% $45.0 50% $34.3 $36.6 40% $35.0 32% 30% 22% $25.0 20% 15% $15.1 $15.0 10% $6.6 2% $5.0 0% -10% -$5.0 -$0.9 -20% -12% -$15.0 -$8.8 FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 1Q Y/Y 2019 2020 2
Slide 15: Truckload (JBT)
Truckload (JBT) JBT Revenue (in millions) JBT revenue decreased 13% compared to the same period in the previous year. Revenue excluding fuel surcharge revenue decreased 13% due to a 9% decline in revenue per load $1,200 excluding fuel surcharge revenue and a 5% decline in load volume. Total average
Slide 16: Truckload (JBT)
Truckload (JBT) JBT Average Effective Trailing Equipment JBT Average Length of Haul 16,000 800 677 652 13,000 13,127 12,891 700 640 570 548 12,000 10,611 600 500 420 415 7,844 8,000 7,321 400 6,497 300 4,000 200 100 - - 2019 2020 2021 2022 2023 1Q 23 1Q 24 2019 2020 2021 2022 2023 1Q 23 1Q 24 JBT Lo
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
oe Balance Sheet J.B. HUNT TRANSPORT SERVICES, INC. Condensed Consolidated Balance Sheets (in thousands) (unaudited) March 31, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 64,185 $ 53,344 Accounts Receivable, net 1,272,115 1,334,912 Prepaid expenses and other 613,260 696
Slide 19: Thank You
Thank You [ SazAUMS | People. Technology. Capacity... »
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