J.B. Hunt Transport Services Q2 Earnings Top Expectations with $1.31 EPS and $2.93B Revenue

J.B. Hunt Transport Services reported Q2 GAAP EPS of $1.31, beating expectations by $0.01. Revenue reached $2.93B, exceeding the forecast by $10M and remaining flat year-over-year. The company had $1.72B in outstanding debt at the end of June 2025, up from $1.48B in the previous year.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced its second-quarter 2025 earnings, revealing a net earnings of $128.6 million, or $1.31 per diluted share. This performance surpassed expectations by $0.01 per share. Total operating revenue reached $2.93 billion, which exceeded forecasts by $10 million and remained flat year-over-year. The company's outstanding debt at the end of June 2025 stood at $1.72 billion, up from $1.48 billion in the previous year [1].

The quarter's revenue growth was driven by a 6% increase in Intermodal (JBI) loads and a 13% increase in Truckload (JBT) loads. Additionally, Dedicated Contract Services (DCS) productivity increased by 3%, and Integrated Capacity Solutions (ICS) revenue per load grew by 6%. However, these increases were partially offset by a 10% decline in Final Mile Services (FMS) revenue and a 9% decrease in ICS load volume. Operating income for the current quarter decreased by 4% to $197.3 million, primarily due to higher casualty and group medical claims expenses, professional driver wages, and equipment-related costs. Overall operating expenses increased by 30 basis points (bps) compared to the prior year period but decreased by 40 bps compared to the first quarter 2025 [1].

Segment-wise, Intermodal (JBI) revenue increased by 2% to $1.44 billion, driven by a 6% volume increase. Dedicated Contract Services (DCS) revenue remained flat at $847 million, with a 3% productivity increase offsetting a 3% decline in average trucks. Integrated Capacity Solutions (ICS) revenue declined by 4% to $260 million, with a 6% increase in revenue per load partially offset by a 9% decrease in load volume. Final Mile Services (FMS) revenue decreased by 10% to $211 million, primarily due to soft demand and revenue quality improvement efforts. Truckload (JBT) revenue increased by 5% to $177 million, driven by a 13% load volume increase and a 4% decline in revenue per load excluding fuel surcharge revenue [1].

The company's net interest expense increased by approximately 5% due to a higher consolidated debt balance, partially offset by lower effective interest rates. The effective income tax rate was 26.9%, compared to 26.8% in the second quarter 2024. J.B. Hunt expects its 2025 annual tax rate to be between 24.0% and 25.0% [1].

J.B. Hunt Transport Services will hold a conference call today from 4:00-5:00 p.m. CDT to discuss the quarterly earnings. Investors can listen to the live broadcast or access an online replay of the earnings call webcast [1].

References:
[1] https://www.businesswire.com/news/home/20250715953399/en/J.B.-Hunt-Transport-Services-Inc.-Reports-U.S.-GAAP-Revenues-Net-Earnings-and-Earnings-Per-Share-for-the-Second-Quarter-2025?feedref=JjAwJuNHiystnCoBq_hl-fTiTHZ_tL7veK4k7YjFBuVdpTHRh3tVfOBYRO_O-9AIWJT50v2g3Ei-19qH0fyPszGrim8IhAkVNXbaI1AGppOzkqEXpa07kut2m9xviGvGqj7v8Jkr83IET3_poXLDvQ%3D%3D