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 provides transportation and logistics management services, with news centered on intermodal rail service, dedicated truckload capacity, truck brokerage, outsourced transportation management, warehousing and fulfillment, and final-mile delivery. Company updates also cover customer supply-chain programs, tuck-in acquisitions that expand service offerings, and operating trends across intermodal, dedicated, and logistics activity.
Recurring financial news includes quarterly results, preliminary earnings updates, dividends on Class A and Class B common stock, capital allocation, and balance-sheet commentary. Recent company communications also address financial-statement restatement work, delayed annual reporting, and Nasdaq listing-rule notices tied to periodic filing compliance.
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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Hub Group (Nasdaq: HUBG) received four prestigious supply chain industry awards, highlighting its commitment to operational excellence. The company was named in the Food Logistics Top 3PL & Cold Storage Providers list, recognized by Logistics Management's Quest for Quality 2021, and acknowledged as one of the Top 50 Third-Party Logistics Providers by Global Trade. Additionally, Hub Group's NSD was included in SupplyChainBrain's 100 Great Supply Chain Partners list. These achievements underscore Hub Group's focus on service quality, technology, and customer satisfaction during challenging times.
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.