Hub Group Inc Stock Price, News & Analysis

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.

Hub Group (NASDAQ: HUBG) has been recognized as an EcoConnexions Partner by Canadian National (CN) for the third consecutive year. This honor highlights Hub Group's commitment to sustainability and its environmental, social, and governance (ESG) initiatives in intermodal and consolidation operations. In 2020, the company aided in reducing carbon dioxide emissions by over 3.2 billion pounds through truckload to intermodal conversion. Additionally, Hub Group's headquarters is a LEED Gold-certified building, further reflecting its focus on sustainability.

Hub Group, Inc. (NASDAQ:HUBG) reported a 10% revenue growth in Q1 2021, reaching $920 million, attributed to robust freight market conditions and strategic customer expansions despite adverse weather. The company achieved a net income of $17.2 million or $0.51 per share, marking an increase from Q1 2020. EBITDA stood at $56 million, with cash and cash equivalents of $226 million.

The 2021 outlook anticipates diluted EPS between $3.20 and $3.40 and revenue growth in the mid-teens percentage range.

Hub Group has launched a six-month pilot program for an electric truck fleet in partnership with Daimler Trucks of North America, specifically utilizing the Freightliner eCascadia model. This initiative, taking place in Southern California, will assess performance metrics including range and payload. Hub Group aims to innovate and enhance sustainability in logistics, driven by a commitment to reduce carbon emissions, having already saved about 3.2 billion pounds of CO₂ in 2020. The project is partly funded by the South Coast Air Quality Management District.

Hub Group will host a conference call on May 5, 2021, at 5:00 p.m. Eastern Time to discuss the first quarter 2021 results. The financial results will be disclosed in a press release following the market's closure on that day. Key executives participating include Dave Yeager, Phil Yeager, and Geoff DeMartino. Interested parties can listen in via the company's website, with a replay available for 30 days post-call. Hub Group reported $3.5 billion in revenue and emphasizes its commitment to innovation and customer service.

Hub Group reported a strong fourth quarter for 2020, achieving 6% revenue growth to $953 million and net income of $22.4 million, or $0.67 per diluted share. Key growth drivers included a 9% increase in intermodal volume, despite challenges such as lower pricing and increased transportation costs. The company also executed its long-term strategy by acquiring last mile delivery firm NonStopDelivery for $90 million, enhancing service offerings. However, operating income fell to $31 million, down from $39 million year-over-year.

Hub Group, Inc. (Nasdaq: HUBG) announces a conference call scheduled for February 4, 2021, at 5:00 p.m. Eastern Time to discuss its fourth quarter 2020 results. The results will be released after the market closes on the same day. Key executives, including Dave Yeager and Phil Yeager, will participate in the call. Interested parties can access the call via a webcast on Hub Group’s website. An audio replay will be available for 30 days post-call.

With approximately $4 billion in revenue in 2019, Hub Group provides multi-modal transportation services across North America.