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, Inc. (Nasdaq: HUBG) has announced a conference call scheduled for April 27, 2023, at 5:00 p.m. Eastern Time to discuss its Q1 2023 results. The results will be made public in a press release after the market closes on the same day.
The call will be available via webcast on Hub Group's website, and interested participants must pre-register to obtain the dial-in number and unique PIN for the question-and-answer session. An audio replay of the call will also be accessible through the Investors link on the company’s website for 30 days following the event.
Hub Group provides transportation and logistics management solutions, reporting over $5 billion in revenue and employing nearly 6,000 staff globally.
Summary not available.
Hub Group reported a robust performance for the fourth quarter of 2022, with diluted earnings per share (EPS) of $2.42, despite lower net income compared to the previous year. The full-year revenue reached $5.3 billion, a 26% increase year-over-year. Operating income stood at $104 million for Q4, influenced by cost containment and efficiency strategies. The company anticipates 2023 revenue between $5.2 to $5.4 billion and EPS of $7.00 to $8.00. Key growth areas included Intermodal and Transportation Solutions with over $3 billion in revenue. However, softer market conditions impacted volumes towards the end of the year.
Hub Group, Inc. (Nasdaq: HUBG) will discuss its fourth quarter 2022 results during a conference call on February 2, 2023, at 5:00 p.m. ET. The results will be announced via press release post-market closure on the same day. Interested parties can listen via the company’s website or participate in a Q&A session by pre-registering for a dial-in number. Hub Group, which engages in transportation and logistics management, recorded over $5 billion in revenue and employs nearly 6,000 people globally. An audio replay will be accessible for 30 days through the Investor link on their website.
Hub Group announces significant leadership changes to enhance its growth trajectory. Effective January 1, 2023, David P. Yeager steps down as CEO after 26 years, transitioning to Executive Chairman. Phillip D. Yeager, his successor and current COO, will become President and CEO. Several key promotions include Brian Alexander as COO, Brian Meents as CMO, and Chris Hoffmeister as CCO, reflecting a strategic approach to elevate operations and service offerings. Hub Group continues to focus on optimizing customer supply chains, backed by nearly 6,000 employees and over $5 billion in revenue.
Hub Group, Inc. reported a 26% revenue growth to $1.4 billion in Q3 2022, compared to $1.1 billion in Q3 2021. Operating income surged 97% to $118 million, yielding 8.7% of revenue. Diluted EPS climbed 104% to $2.61. The company expanded its services through the acquisition of TAGG Logistics and executed a $110 million stock repurchase. The 2022 outlook is optimistic with expected revenue of $5.5 billion and diluted EPS of $10.40-$10.60. However, a degree of uncertainty for 2023 remains.
Hub Group (Nasdaq: HUBG) will host a conference call on October 27, 2022, at 5:00 p.m. ET to discuss its third quarter 2022 results. The results will be publicly released after market close on the same day. Investors can access the call via the company's website and participate by telephone after pre-registering. An audio replay of the call will be available for 30 days post-event. Hub Group is committed to transportation and logistics management, generating over $5 billion in revenue with a global workforce of nearly 6,000 employees.
Hub Group has acquired TAGG Logistics, enhancing its fulfillment solutions and expanding its footprint to 9 million square feet. The acquisition drives diversification into non-asset based logistics, contributing over 40% of total revenue. With a cash consideration of $103 million, Hub anticipates generating around $200 million in annual revenue from TAGG in 2022. This strategic move aligns with Hub Group’s target of achieving $5.5-$6.5 billion in revenue by 2025.
Hub Group reported a remarkable second quarter in 2022, achieving record revenue of $1.4 billion, a 43% increase from last year. Gross margin reached 17.6% of revenue, with operating income margin at 9.8%. Net income was $103 million with diluted EPS of $3.03, reflecting nearly a four-fold rise. The company forecasts 2022 revenue between $5.6-$5.7 billion and diluted EPS of $10.00 - $10.50. Operational efficiency and pricing strategies contributed to these successes, despite some uncertainties anticipated for 2023.
Hub Group, Inc. (Nasdaq: HUBG) will hold a conference call on August 3, 2022, at 5:00 p.m. Eastern Time to discuss its Q2 2022 results. The announcement will be made via press release after market close. Interested parties can access the call through Hub Group's website. A pre-registration is required for telephone participation. An audio replay will be available for 30 days post-call. Hub Group specializes in transportation and logistics solutions, generating $5 billion in revenue with a workforce of over 6,000 employees globally.
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