HUB Group Inc - HUBG STOCK NEWS

Hub Group (NASDAQ: HUBG) reported Q3 2024 results with revenue of $987 million, down 3.7% year-over-year. The company posted GAAP diluted EPS of $0.39 and adjusted EPS of $0.52. Intermodal volume grew 12%, while operating income reached $32.1 million or 3.3% of revenue. The company maintained a strong balance sheet with $186 million in cash and returned $91 million to shareholders year-to-date through stock repurchases ($68 million) and dividends ($23 million). Hub Group formed a joint venture with Mexico-based EASO to expand its Mexico Intermodal and cross-border services. The company updated its 2024 outlook, expecting adjusted EPS between $1.85 and $1.95, with projected revenue of approximately $4.0 billion.

Hub Group (NASDAQ: HUBG) has announced its participation in two major investor conferences in November 2024. The company will present at the Baird 2024 Global Industrials Conference in Chicago on November 13 at 2:20 p.m. Central Time, and at the Stephens Annual Investment Conference in Nashville on November 19 at 10:00 a.m. Central Time.

Both presentations will feature live audio webcasts accessible through Hub Group's website investor section, with replays available for 30 days. Hub Group is a transportation and logistics management solutions provider with over $4 billion in revenue and approximately 6,000 employees and drivers globally.

Hub Group (Nasdaq: HUBG) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Wednesday, October 30, 2024, at 5:00 p.m. Eastern Time. The company will release its financial results via press release after the market closes on the same day. Interested parties can access the webcast through the Investors section of Hub Group's website at www.hubgroup.com.

To participate in the Q&A session, attendees must pre-register at the provided link to receive dial-in information. The call will be to 60 minutes, including the Q&A. An audio replay will be available on the company's website for 30 days following the call.

Hub Group is a publicly traded company offering comprehensive transportation and logistics management solutions, with a focus on technology-driven optimization and visibility for customer supply chains. The company reports over $4 billion in revenue and employs nearly 6,000 people globally.

Hub Group (Nasdaq: HUBG) has declared a quarterly cash dividend of $0.125 per share on both its Class A and Class B Common Stock. The dividend will be paid on September 25, 2024, to stockholders of record as of September 6, 2024. This dividend is part of Hub Group's previously announced growth-focused capital allocation plan, which initially set the quarterly cash dividend program at $0.50 per share per year. The announcement demonstrates Hub Group's commitment to returning value to shareholders while maintaining its focus on growth initiatives.

Hub Group (NASDAQ: HUBG) reported Q2 2024 results with diluted EPS of $0.47 and revenue of $1.0 billion. Key highlights include:

- Quarterly operating income of $40 million (4.0% of revenue)
- $48 million returned to shareholders YTD ($15M dividends, $33M stock repurchases)
- Strong balance sheet with $220 million cash and 0.3x net debt/EBITDA
- 8% Intermodal volume growth
- Awarded Domestic Partner of the Year by Target®

The company faced challenging market conditions but benefited from disciplined market approach and diversification efforts. 2024 outlook: diluted EPS $1.75-$2.05, revenue $4.0-$4.3 billion, 24% effective tax rate, and $45-65 million in capital expenditures.

Hub Group (Nasdaq: HUBG) has announced its second quarter 2024 earnings conference call, scheduled for Thursday, August 1, 2024, at 5:00 p.m. Eastern Time. The company will release its Q2 2024 results via press release after market close on the same day. Investors can access the webcast through Hub Group's website, while those wishing to participate in the Q&A session should pre-register for telephone access.

Hub Group is a publicly traded company offering comprehensive transportation and logistics management solutions. With over $4 billion in revenue and 6,000 employees globally, Hub Group focuses on optimizing supply chains through innovative technology and customer-centric approaches. The company emphasizes service, integrity, and innovation in its operations.

On May 23, 2024, Hub Group (Nasdaq: HUBG) announced that its Board of Directors has approved a quarterly cash dividend of $0.125 per share for both Class A and Class B common stock. This dividend will be distributed on June 26, 2024, to shareholders recorded as of June 7, 2024. The quarterly dividend program, initially set at $0.50 per share annually, is a component of Hub Group's growth-focused capital allocation plan.

Hub Group, Inc. (NASDAQ:HUBG) will participate in upcoming investor conferences in May 2024. The company will present at the BofA Securities 2024 Transportation, Airlines & Industrials Conference and Wolfe Research 17th Annual Global Transportation & Industrials Conference. Hub Group offers logistics solutions, emphasizing technology for better service and efficiency. The company's revenue exceeds $4 billion, with a global workforce striving for service, integrity, and innovation.

Hub Group, Inc. reported first quarter 2024 results with diluted earnings per share of $0.44, revenue of $1.0 billion, and operating income of $37 million. The company executed its Capital Allocation Plan, completed a stock split, repurchased $26 million of shares, and paid a cash dividend. The integration of Final Mile acquisition exceeded expectations, contributing $64 million to revenue. Hub Group received accolades from The Home Depot® and Target®. The company's net income for Q1 2024 was $27 million, with a positive outlook for the full year with expected diluted earnings per share ranging from $1.80 to $2.25, revenue forecasted at $4.3 to $4.7 billion, and an estimated effective tax rate of 24%.