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LOWELL, Ark. - J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) reported first quarter 2025 earnings that met analyst expectations, but saw revenue decline slightly year-over-year, sending shares down 4.5% in after-hours trading.
The transportation and logistics company posted earnings per share of $1.17, in line with analyst estimates. Revenue came in at $2.92 billion, just above the consensus of $2.91 billion, but down 1% compared to $2.94 billion in Q1 2024.
J.B. Hunt’s Intermodal segment, its largest by revenue, grew 5% YoY to $1.47 billion. However, this was offset by declines in other segments, including a 4% drop in Dedicated Contract Services revenue to $822 million.
"Overall demand for our domestic intermodal service offering in the quarter remained strong, delivering the highest first quarter volume in our company’s history," said John Roberts, President and CEO of J.B. Hunt.
Operating income fell 8% YoY to $178.7 million, which the company attributed to lower Dedicated Contract Services revenue, reduced yields in Intermodal, higher insurance and medical costs, and increased equipment and maintenance expenses.
The company said it expects its 2025 annual tax rate to be between 24.0% and 25.0%.
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