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) has officially opened its second office building at its Oak Brook, IL headquarters, doubling its footprint and accommodating up to 1,500 employees. This milestone celebrates the company's growth, now exceeding $5 billion in revenue and employing 6,000 staff across North America. The new building, certified LEED Gold, emphasizes sustainability and employee productivity with modern amenities. Hub Group's focus on customer-centric supply chain solutions continues to drive its long-term growth, marking a significant phase in its development as a leading logistics provider.
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Hub Group (Nasdaq: HUBG) has been named Intermodal Carrier of the Year by Church & Dwight Co., Inc. (NYSE: CHD), recognizing its excellence in on-time delivery, customer service, and tender acceptance. This accolade highlights Hub Group's commitment to values of service, integrity, and innovation, bolstered by a 30-year partnership with Church & Dwight. The company emphasizes its role in optimizing supply chains and reducing costs while enhancing carbon efficiency. With $5 billion in revenue and a dedicated workforce, Hub Group continues its pursuit of excellence in logistics management solutions.
Hub Group reported record quarterly revenue of $1.3 billion for Q1 2022, marking a 41% increase year-over-year. The gross margin reached 16.6% of revenue, with operating income at $115 million and a diluted EPS of $2.58. The company also provided an optimistic outlook, forecasting full-year revenue between $5.3 billion and $5.5 billion and diluted EPS of $9.00 to $10.00. Factors contributing to this performance include improved operating efficiency and strategic acquisitions, particularly in Truck Brokerage.
Hub Group, Inc. (Nasdaq: HUBG) will hold a conference call on April 28, 2022, at 5:00 p.m. Eastern Time to discuss its first-quarter 2022 results, which will be announced after market close. Interested parties can access the live webcast via the Investors link on Hub Group's website. To join by phone, pre-registration is required, though participants can also call in ten minutes before the scheduled time. The call will have a 60-minute limit and will include a question-and-answer session. An audio replay will be available for 30 days following the call.
Hub Group (Nasdaq: HUBG) has received three prestigious awards from The Home Depot, recognizing its excellence in supply chain logistics. These awards include the Domestic MVP Award for comprehensive support, the Intermodal Carrier of the Year for the eighth consecutive year, and the Online Final Mile Carrier of the Year Award for outstanding service in home delivery.
These accolades highlight Hub Group's resilience and performance during challenging market conditions, reflecting its commitment to service and innovation in logistics management.
Hub Group, Inc. (NASDAQ:HUBG) reported fourth quarter 2021 revenue of $1.3 billion, a 32% increase from the previous year, driven by strong freight demand. Net income rose to $84 million, with diluted EPS reaching $2.48. For the full year, revenue grew 21% to $4.2 billion, and net income was $171 million, or EPS of $5.06. The company expects 2022 revenue between $4.9 and $5.1 billion and diluted EPS between $5.90 and $6.30. The strong financial performance reflects ongoing investments in capacity and service enhancements.
Hub Group, Inc. (Nasdaq: HUBG) has scheduled a conference call for February 8, 2022, at 5:00 p.m. ET to discuss its fourth quarter 2021 results. The results will be disclosed in a press release before the call. Interested parties can join the call via a webcast available on the company's website. A telephone registration option is also provided for participants. An audio replay will be accessible for 30 days post-call. Hub Group, with nearly $5 billion in revenue, offers logistics solutions and emphasizes service and innovation.
Hub Group (Nasdaq: HUBG) has been awarded the 2021 Green Supply Chain Award by Supply & Demand Chain Executive, recognizing its commitment to sustainability in transportation and logistics management. The company achieves significant carbon footprint reductions for customers through efficient freight solutions, saving over 9.7 billion pounds of carbon emissions in the past three years. Hub Group has also received multiple sustainability accolades, including the U.S. EPA SmartWay Excellence Award for the ninth time, showcasing its dedication to environmental responsibility.
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