Hub Group Inc Stock Price, News & Analysis

Hub Group reported record Q3 2021 revenue of $1.1 billion, up 16% year-over-year, driven by strong demand and operational efficiency.

Net income surged to $43 million, or $1.28 per diluted share, reflecting a 73% increase from Q3 2020. Operating income also improved, reaching 5.6% of revenue. The company expanded through the acquisition of Choptank Transport for approximately $130 million, enhancing its service offerings.

Full-year EPS guidance is now $3.90 to $4.00.

Hub Group has acquired Choptank Transport, a leader in cold-chain logistics, for $130 million.

This acquisition is expected to enhance Hub Group’s brokerage business, pushing revenue beyond $1 billion and expanding its refrigerated transportation capacity. Choptank brings a vast network of over 20,000 carriers and an experienced management team, which will bolster Hub Group's multimodal logistics capabilities by addressing increasing customer demands in the refrigerated sector.

Hub Group will host a conference call on October 28, 2021, at 5:00 p.m. ET to discuss its Q3 2021 results. The results will be released via press release after the market closes that day. The conference call can be accessed through their website and will be listen-only for the webcast. Participants can call in after registering for a passcode and PIN. An audio replay will be available for 30 days following the call.

Hub Group, publicly traded (Nasdaq: HUBG), reported over $4 billion in revenue.

Hub Group (NASDAQ: HUBG) announced the appointment of Thomas P. LaFrance as EVP, General Counsel, and Secretary. LaFrance brings extensive experience from various industries, particularly in transportation and Mergers & Acquisitions. His previous roles include General Counsel positions at major companies like General Electric and United Technologies. Hub Group's Chairman and CEO, David Yeager, expressed confidence in LaFrance's ability to navigate the company through its next growth phase, emphasizing his focus on customer service and operational integrity.

Hub Group reported a strong second quarter of 2021, achieving a 26% revenue growth to $981 million, with all business lines contributing. Net income rose to $27 million, or $0.78 per diluted share, marking a 102% year-on-year increase. EBITDA reached $69 million, with cash reserves of over $246 million. The company was recognized as the #2 on Inbound Logistics’ Top 10 3PL list and is projecting 2021 diluted EPS between $3.50 and $3.70. Long-term goals include a revenue target of $5.5 to $6.5 billion by 2025.

Hub Group, Inc. (Nasdaq: HUBG) will host a conference call on July 29, 2021, at 5:00 p.m. ET to discuss its Q2 2021 results, following a press release later that day. Key executives including Chairman and CEO Dave Yeager will participate, highlighting the company's ongoing focus on logistics and transportation management. Interested participants can access the webcast through Hub Group's website, and an audio replay will be available for 30 days. Hub Group reported $3.5 billion in revenue, emphasizing its commitment to service and innovation.

Hub Group (Nasdaq: HUBG) has promoted Vince Paperiello to President of Intermodal and Chief Solutions Officer, effective immediately. With 28 years of experience at the company, Paperiello will oversee the intermodal business and customer solutions. Hub Group's intermodal segment generated over $2.1 billion in revenue in the last 12 months, making up approximately 60% of the company's total revenue. The company operates a fleet of 44,000 containers and maintains strong partnerships with several Class-I railroads.