Hub Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 04:05 pm EDT
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Hub Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 1,040.46 million compared to USD 1,401.46 million a year ago. Net income was USD 46.51 million compared to USD 102.85 million a year ago. Basic earnings per share from continuing operations was USD 0.725 compared to USD 1.53 a year ago. Diluted earnings per share from continuing operations was USD 0.72 compared to USD 1.515 a year ago.
For the six months, sales was USD 2,192.73 million compared to USD 2,699.58 million a year ago. Net income was USD 108.29 million compared to USD 190.35 million a year ago. Basic earnings per share from continuing operations was USD 1.675 compared to USD 2.83 a year ago. Diluted earnings per share from continuing operations was USD 1.665 compared to USD 2.805 a year ago.
Hub Group, Inc. is a supply chain solutions provider, which offers comprehensive transportation and logistics management services. The Company operates through two segments: Intermodal and Transportation Solutions (ITS), and Logistics. Its ITS segment includes its intermodal and dedicated trucking. Its Logistics segment includes full outsource logistics solutions, transportation management services, freight consolidation, warehousing and fulfillment, and final mile delivery services. Logistics also includes its brokerage business which provides third-party truckload, less-than-truckload (LTL), flatbed and temperature-controlled needs. The Companyâs service offerings include a full range of freight transportation and logistics services, some of which are provided by assets the Company owns and operates, and some of which are provided by third parties with whom it contracts. The Company serves range of industries, including retail, consumer products, automotive and durable goods.
HUB GROUP, INC. 
