Welcome to our dedicated page for Hub Group news (Ticker: HUBG), a resource for investors and traders seeking the latest updates and insights on Hub Group stock.
Hub Group, Inc. (Nasdaq: HUBG) generates a steady flow of news related to transportation, logistics and supply chain management. The company describes itself as an award-winning, publicly traded provider of transportation and logistics management solutions, with intermodal, logistics and final mile operations supported by technology and a global base of employees and drivers.
News about Hub Group often centers on quarterly earnings results, capital allocation decisions and growth initiatives. The company regularly issues press releases detailing revenue, earnings per share, operating income and segment performance for its intermodal and transportation solutions division and its logistics segment. These releases also discuss trends in intermodal volume, brokerage activity, final mile awards and cost management efforts.
Another recurring category of HUBG news involves dividends and shareholder returns. Hub Group has announced a quarterly cash dividend of $0.125 per share on its Class A and Class B common stock, noting that its dividend program is set at $0.50 per share per year as part of a growth-focused capital allocation plan. Press releases may also reference share repurchases as part of capital deployment.
Strategic transactions and partnerships are also prominent in Hub Group’s news flow. Recent announcements include agreements to acquire intermodal assets from Marten Transport’s intermodal division, acquisitions of final mile assets such as those from SITH, LLC, and a managed delivery partnership with Essendant that uses Hub Group’s truckload, less-than-truckload and final mile networks to support warehouse deliveries within 48 hours across major markets.
Investors and industry followers can use the HUBG news feed on Stock Titan to review these earnings updates, dividend declarations, acquisition announcements, credit agreements and governance-related 8-K items in one place, providing context on how Hub Group is managing its transportation and logistics platform over time.
Hub Group (NASDAQ: HUBG) reported Q2 2024 results with diluted EPS of $0.47 and revenue of $1.0 billion. Key highlights include:
- Quarterly operating income of $40 million (4.0% of revenue)
- $48 million returned to shareholders YTD ($15M dividends, $33M stock repurchases)
- Strong balance sheet with $220 million cash and 0.3x net debt/EBITDA
- 8% Intermodal volume growth
- Awarded Domestic Partner of the Year by Target®
The company faced challenging market conditions but benefited from disciplined market approach and diversification efforts. 2024 outlook: diluted EPS $1.75-$2.05, revenue $4.0-$4.3 billion, 24% effective tax rate, and $45-65 million in capital expenditures.
Hub Group (Nasdaq: HUBG) has announced its second quarter 2024 earnings conference call, scheduled for Thursday, August 1, 2024, at 5:00 p.m. Eastern Time. The company will release its Q2 2024 results via press release after market close on the same day. Investors can access the webcast through Hub Group's website, while those wishing to participate in the Q&A session should pre-register for telephone access.
Hub Group is a publicly traded company offering comprehensive transportation and logistics management solutions. With over $4 billion in revenue and 6,000 employees globally, Hub Group focuses on optimizing supply chains through innovative technology and customer-centric approaches. The company emphasizes service, integrity, and innovation in its operations.
On May 23, 2024, Hub Group (Nasdaq: HUBG) announced that its Board of Directors has approved a quarterly cash dividend of $0.125 per share for both Class A and Class B common stock. This dividend will be distributed on June 26, 2024, to shareholders recorded as of June 7, 2024. The quarterly dividend program, initially set at $0.50 per share annually, is a component of Hub Group's growth-focused capital allocation plan.
Hub Group, Inc. (NASDAQ:HUBG) will participate in upcoming investor conferences in May 2024. The company will present at the BofA Securities 2024 Transportation, Airlines & Industrials Conference and Wolfe Research 17th Annual Global Transportation & Industrials Conference. Hub Group offers logistics solutions, emphasizing technology for better service and efficiency. The company's revenue exceeds $4 billion, with a global workforce striving for service, integrity, and innovation.
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