Did J.B. Hunt Transport beat or miss consensus estimates last quarter?

What does J.B. Hunt Transport do and what are its main business segments?

What is the revenue and EPS growth rate for J.B. Hunt Transport year over year?

What is the market's earnings forecast for J.B. Hunt Transport next quarter?

What is J.B. Hunt Transport's gross profit margin?

What were the key takeaways from J.B. Hunt Transport’s earnings call?

What factors drove the changes in J.B. Hunt Transport's revenue and profit?

What is J.B. Hunt Transport's latest dividend and current dividend yield?

- **Operational Excellence Drives Growth:** J.B. Hunt achieved 3rd straight quarter of double-digit volume growth in JBT, outperforming a tightening truckload market. 
- **Cost Savings Accelerate:** $25M/Q4 cost savings bring annualized run rate to $100M+, supporting margin repair. 
- **Balance Sheet Strength:** $923M share buybacks in 2025, 2026 capex guided at $600-800M to support disciplined growth. 
- **Market Risk Management:** 10% tender rejection rate highlights fragile supply/demand balance, J.B. Hunt prioritizes service reliability over spot market speculation. 
- **Strategic Positioning:** Intermodal volumes up 5% in Eastern markets, dedicated business demonstrates resilience with flat operating income despite 10% fleet reduction.

**【CEO Summary Section】**
- CEO Shelley Simpson highlighted 2025 achievements: operational excellence, record safety performance, and disciplined growth. 
- 2026 priorities include: 
  1. Disciplined growth through operational excellence and cost management. 
  2. Leveraging investments in people, technology, and capacity. 
  3. Repairing margins to drive shareholder value. 
- Emphasized J.B. Hunt's competitive advantage in intermodal service and customer trust during market uncertainty.

**【CFO Financial Commentary】**
- Q4 2025 Results: 
  - Revenue down 2% YoY, operating income up 19%, EPS up 24%. 
  - $25M quarterly cost savings, $100M+ annualized savings target. 
- Capital Allocation: 
  - $575M capex, $923M share repurchases in 2025. 
  - 2026 capex guidance: $600-800M. 
- Balance Sheet: 
  - Leverage under 1x, investment-grade credit rating. 
  - $700M debt maturity in Q1 2026, ample liquidity.

**【Sales & Market Update】**
- Truckload market tightening due to capacity exit (regulatory enforcement, bankruptcies). 
- J.B. Hunt gained share during peak season with 3rd consecutive quarter of double-digit volume growth in JBT. 
- Customers consolidating logistics providers, J.B. Hunt retained 97% of 2024 revenue.

**【Operations Update】**
- **Safety:** Record DOT preventable accidents at 0.12 per million miles. 
- **Final Mile:** $90M revenue headwind from appliance business loss, offsetting with new business. 
- **Highway:** ICS gross margin pressure from spot rate volatility, lowest operating costs in 8 years. 
- **Dedicated:** Flat operating income despite 10% fleet reduction, 1,205 new trucks sold in 2025.

**【Intermodal Update】**
- Q4 volumes down 2% YoY, Transcontinental down 6%, Eastern up 5%. 
- 2025 bid season success: 
  - +1pt margin from cost savings. 
  - Need +1pt from volume, +1pt from pricing. 
- 2026 strategy: 
  - Grow backhaul capacity. 
  - Price to value in headhaul markets. 
  - Monitor Class I rail consolidation impact.

**【Q&A Highlights】**
- **Market Fragility:** Tight supply/demand balance, 10% tender rejection rate. 
- **Cost Savings:** On track for $100M+ annual savings, $25M/Q4 execution. 
- **Dedicated Growth:** 40 new customer names in 2025, cautious on 2026 fleet growth timing. 
- **Tax Rebate Impact:** Customers optimistic on $100-160B consumer stimulus, J.B. Hunt positioned to benefit from seasonal demand.

J.B. Hunt Transport Services, Inc. (JBHT) Q4 2025 Earnings Call Transcript

- **Financial Strength**: Operating income +8%, EPS +18% despite flat revenue, driven by cost management. 
- **Cost Savings Progress**: $20M of $100M target achieved, with $50M+ tech-driven savings. 
- **Market Resilience**: Intermodal volumes outperformed truckload, Dedicated margins maintained at 10%. 
- **Strategic Initiatives**: Adapting to rail consolidation, peak season expected, and regulatory-induced capacity tightening.

**【CEO Opening Remarks】**
- Focused on operational excellence, scaling investments, and margin repair. 
- $100M cost-cutting initiative progressing, with $20M savings in Q3. 
- Navigating rail consolidation risks through strong customer relationships and long-term rail contracts. 

**【CFO Financial Commentary】**
- Q3 revenue flat YoY, but operating income +8%, EPS +18%. 
- Cost management offset inflation in wages, insurance, and equipment. 
- $20M savings from cost-cutting initiative, targeting $100M by 2026. 
- Share buybacks ($780M YTD) and disciplined capital allocation. 

**【Sales & Marketing Update】**
- Soft demand, capacity exiting market, but Intermodal volumes outperformed truckload. 
- Customers converting freight to Intermodal due to service differentiation. 
- Peak season expected, with inland supply chain delays. 

**【Operations Update】**
- Record safety performance in Highway & Final Mile. 
- Truckload brokerage volumes up, with disciplined growth. 
- Dedicated Services added 280 trucks Q3, maintaining double-digit margins. 
- Cost-cutting initiatives improving efficiency across businesses. 

**【Intermodal Update】**
- Volumes down 1% YoY, but service efficiency improvements drove margin gains. 
- Success in bid season with balanced network and price improvements. 
- Adapting to rail consolidation through scale and customer trust. 

**【Q&A Highlights】**
- Regulatory enforcement (ELP, B1 visas) may reduce industry capacity. 
- Rail consolidation discussions with providers to maintain access. 
- Peak season expected, but timing uncertain due to early imports. 
- Technology investments (AI, automation) driving $50M+ annual savings. 
- 2026 outlook: modest growth in Dedicated, Intermodal conversion opportunities.

J.B. Hunt Transport Services, Inc. (JBHT) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: 15% YoY from North American recovery.
- **AI Strategy**: Gross margin rebound expected H2.

**【Management Opening Remarks】**
- Revenue grew 15% YoY, driven by North American market recovery.
- Emphasized AI investment and expected gross margin rebound in H2.

**【CFO Financial Commentary】**
- GAAP net income: $420M; Non-GAAP EPS: $1.08 (exceeded expectations).
- Strong cost control reduced operating expenses by 5% YoY.

**【Q&A Highlights】**
- Intermodal margins stabilized with cost initiatives.
- Peak season surcharge programs started earlier in 2025.
- $100M cost-saving initiatives targeting 2026 EBIT impact.

J.B. Hunt Transport Services, Inc. (JBHT) Q2 2025 Earnings Call Transcript

- **Record Intermodal Volumes**: Q1 volumes up 8% YoY, driven by Eastern network growth and Mexico expansion.
- **Dedicated Resilience**: Industry-leading margins maintained, with 260 new truck sales Q1.
- **Cost Control**: $200M+ in people cost savings over two years, offset by inflationary pressures.
- **Margin Repair Focus**: Intermodal bid season yields modest rate increases, but network balance improvements needed.
- **Financial Strength**: 1x leverage, $234M stock buybacks Q1, reduced CapEx guidance.

**【CEO Opening Remarks】**
- J.B. Hunt delivered Q1 results in line with expectations, with record Intermodal volumes and strong service performance.
- Emphasized operational excellence, safety culture, and cost discipline to repair margins amid challenging freight environment.
- Dedicated Contract Services (Dedicated) maintained industry-leading margins, while Highway businesses showed signs of improvement.

**【CFO Financial Update】**
- Q1 GAAP revenue declined 1% YoY, driven by lower yields and inflationary pressures (e.g., insurance costs up for third consecutive year).
- Operating income decreased 8% YoY, with net EPS down 4% despite cost control efforts.
- Capital expenditures reduced to $500-700M for 2025 (from prior $700-900M guidance), with $234M in stock buybacks Q1.
- Leverage at 1x trailing EBITDA, maintaining financial strength.

**【Intermodal Business Update】**
- Q1 Intermodal volumes up 8% YoY, with Eastern network growth (13% YoY) and Mexico business expansion.
- Bid season progress: modest rate increases, but some business lost to lower-priced competitors.
- Focus on network balance to reduce empty moves and improve efficiency.

**【Dedicated Contract Services】**
- Sold 260 new trucks Q1, with pipeline visibility for 2025 net fleet growth.
- Resilient model with diverse customer base (25% in food-related industries), strong safety performance, and operational discipline.

**【Highway & Brokerage】**
- Truckload market remains soft, with capacity exceeding demand.
- Highway businesses saw some rate improvements during bid season, but profitability dependent on overall demand recovery.

**【Q&A Highlights】**
- Tariffs and trade policy uncertainty impacting customer decision-making, with some shifting supply chains.
- Intermodal margin repair requires multiple cycles to fill excess capacity and improve pricing.
- Dedicated business resilience despite industry-wide freight recession.
- Management scenario planning for varying demand scenarios, prioritizing cost control without sacrificing long-term investments.

J.B. Hunt Transport Services (JBHT)-15 Apr 25-2025 Q1 Earnings call transcript

- **Record Intermodal Volumes**: Q4 volumes up 5% YoY, with October hitting 200,000+ loads. 
- **DCS Resilience**: 2024 truck sales near record levels, 12-14% margins excluding startup costs. 
- **2025 Growth Plan**: $700-900M CapEx for capacity expansion, 20-25% Q1 operating income decline expected. 
- **Margin Focus**: Cost inflation (insurance +100% over two years), 2025 focus on network balance and H2 repricing. 
- **Long-Term Opportunity**: 9-11 million loads of truck-to-rail conversion potential.

**【CEO Opening Remarks】**
- 2024 marked a challenging freight environment, but the company maintained strong service levels and safety performance. 
- Strategic investments in people, technology, and capacity (e.g., Walmart Intermodal acquisition) position the company for future growth. 
- Key focus areas for 2025: operational excellence, margin repair, and disciplined capital allocation. 
- Intermodal volumes set new records, while Dedicated Contract Services (DCS) showed resilience despite market headwinds.

**【CFO Financial Overview】**
- Q4 2024 GAAP revenue declined 5% YoY to $3.2 billion, driven by deflationary pricing. 
- Operating income increased 2% YoY, with EPS up 4% to $0.65. 
- 2024 full-year operating income declined 16% YoY due to cost inflation (insurance +100% over two years). 
- 2025 capital expenditure plan: $700-900 million, focused on Intermodal capacity and DCS growth. 
- Share buybacks reached $514 million in 2024, second-highest in company history.

**【Intermodal Business Update】**
- Q4 volumes grew 5% YoY, with October setting a new monthly record at 200,000+ loads. 
- Service challenges in Q4 led to $53.4 million in unnatural costs, but high service levels were maintained. 
- 2025 focus: grow into 20% excess capacity, improve network balance, and reset pricing in H2. 
- Long-term opportunity: 9-11 million loads of truck-to-rail conversion potential.

**【Dedicated Contract Services (DCS)】**
- 2024 truck sales of 1,760 units (near record levels) highlight customer demand for private fleet solutions. 
- Fleet losses expected to abate by Q2 2025, with net growth targeting 800-1,000 trucks YoY. 
- Margins remain resilient at 12-14%, excluding startup costs for new contracts.

**【Q&A Highlights】**
- **Q1 2025 Outlook**: Sequential operating income decline of 20-25% due to normal seasonality, not pull-forward demand. 
- **CapEx Allocation**: 60% for Intermodal, 30% for DCS, 10% for other segments. 
- **Margin Repair**: Focus on cost control, network utilization, and repricing in H2 2025. 
- **Market Sentiment**: Customers signaling earlier capacity booking, potential inflection in supply-demand dynamics.

Actual																0.98	1.14	1.4975	1.44	1.37	1.61	1.88	2.28	2.29	2.42	2.57	1.92	1.89	1.81	1.8	1.47	1.22	1.32	1.49	1.53	1.17	1.31	1.76	1.9
Forecast																0.9732	0.843	1.2973	1.297	1.1657	1.5759	1.7798	2.0168	1.9427	2.3542	2.452	2.442	2.0095	1.9033	1.8269	1.7397	1.5003	1.4794	1.3901	1.6114	1.1454	1.2988	1.4559	1.7817	1.4404
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+0.70%	+35.23%	+15.43%	+11.03%	+17.53%	+2.16%	+5.63%	+13.05%	+17.88%	+2.80%	+4.81%	-21.38%	-5.95%	-4.90%	-1.47%	-15.50%	-18.68%	-10.77%	+7.19%	-5.05%	+2.15%	+0.86%	+20.89%	+6.64%	0.00%

Actual	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	2.28B	2.15B	2.47B	2.74B	2.62B	2.91B	3.14B	3.50B	3.49B	3.84B	3.84B	3.65B	3.23B	3.13B	3.16B	3.30B	2.94B	2.93B	3.07B	3.15B	2.92B	2.93B	3.05B	3.10B	--
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	2.18B	2.03B	2.36B	2.57B	2.51B	2.71B	3.02B	3.28B	3.29B	3.60B	3.80B	3.81B	3.42B	3.29B	3.17B	3.29B	3.11B	3.02B	3.00B	3.13B	2.90B	2.92B	3.02B	3.10B	2.93B
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+4.41%	+5.66%	+4.69%	+6.71%	+4.35%	+7.26%	+4.01%	+6.56%	+5.89%	+6.74%	+0.94%	-4.23%	-5.51%	-4.85%	-0.31%	+0.40%	-5.36%	-3.00%	+2.18%	+0.40%	+0.77%	+0.39%	+1.17%	-0.04%	0.00%

JBHT

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JBHT

JBHT fundamentals

JBHT Q1 2026 Earnings Preview

Earnings Call

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JBHT Earnings Call Summary for Q1/20255:00 PM on Apr 15, 2025

You can ask Aime