Hub Group Inc Stock Price, News & Analysis

Hub Group (NASDAQ: HUBG) has received the 2020 Humanitarian Logistic Award from the American Logistics Aid Network for its commitment during the COVID-19 pandemic. The company donated 211 refrigerated trailers to 59 non-profit organizations, providing over 9 million cubic feet of cold storage, equivalent to two average-sized warehouses. This initiative supported increased food distribution, benefiting communities affected by job losses. Hub Group emphasizes its focus on sustainability and community support as integral to its operations.

Hub Group reported a third-quarter net income of $24.8 million, or $0.74 diluted EPS, marking a decrease from $26.1 million in Q3 2019. Revenue rose by 1% to $925 million, with intermodal volume increasing 9% but logistics revenue fell 7%. Operating income declined to $34 million, influenced by lower prices and increased costs. The company generated EBITDA of $64 million and maintained strong liquidity with $185 million in cash. Capital expenditures for 2020 are projected between $70 million and $75 million to support growth and fleet renewal.

Hub Group, Inc. (Nasdaq: HUBG) will host a conference call on October 29, 2020, at 5:00 p.m. ET to discuss its third-quarter 2020 results, which will be announced following market close. The call will be led by CEO Dave Yeager, with participation from COO Phil Yeager and CFO Geoff DeMartino. Interested parties can access the call via webcast on Hub Group's website. A replay will be available for 30 days post-call. Hub Group reported approximately $4 billion in revenue for 2019, providing multi-modal transportation services across North America.

Hub Group reported a second quarter 2020 net income of $13.2 million, or $0.39 per diluted share, a significant decline from $29.2 million or $0.87 per share in Q2 2019. The company experienced a 15% revenue decrease to $779 million, with EBITDA of $52 million. Despite challenges due to COVID-19, business conditions improved, driving plans for 3,500 container purchases and over 200 tractors. Operating cash flow stood at $71 million, with liquidity bolstered by $203 million in cash after repaying $100 million on credit lines.

Hub Group Inc. (NASDAQ:HUBG) has been recognized by Food Logistics as one of the Top Green Providers for 2020, highlighting its commitment to sustainability in the food and beverage industry. The annual list honors companies enhancing sustainability through innovative services and leadership. Hub Group’s initiatives include a proprietary algorithm that measures and reduces CO2 emissions and its LEED Gold-certified headquarters. With about $4 billion in revenue and over 4,800 employees, Hub Group continues to focus on environmentally sustainable practices.

Hub Group, Inc. announced a conference call scheduled for July 30, 2020, at 5:00 p.m. ET to discuss its second quarter 2020 results. The results will be disclosed via press release after market close. Key executives, including Chairman and CEO Dave Yeager, will participate. Interested parties can access the call through Hub Group's website, with a listen-only webcast available. An audio replay will be provided for 30 days post-call. Hub Group reported approximately $4 billion in revenue in 2019, focusing on supply chain solutions across North America.

Hub Group Inc. (NASDAQ:HUBG) announced the election of Jenell R. Ross as an independent director to its board. Ross, President of the Bob Ross Auto Group, leads the first African American-owned Mercedes-Benz dealership globally and is recognized for her leadership in sales and customer service. Hub Group's CEO, David Yeager, expressed excitement about her vision enhancing the company’s direction. Ross’s extensive community service and numerous board memberships underline her leadership credentials. Hub Group, a major North American supply chain solutions provider, boasts approximately $4 billion in revenue.