J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for the Third Quarter 2024
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) reported its third quarter 2024 financial results. The company's revenue decreased 3% to $3.07 billion, while operating income fell 7% to $224.1 million. Diluted earnings per share dropped 17% to $1.49 compared to $1.80 in Q3 2023.
The revenue decline was primarily due to decreased gross revenue per load in Intermodal and Truckload segments, lower load volumes in Integrated Capacity Solutions and Dedicated Contract Services, and fewer stops in Final Mile Services. These were partially offset by a 5% load growth in Intermodal.
The company's effective income tax rate increased to 25.2% from 18.2% in Q3 2023. J.B. Hunt expects its 2024 annual tax rate to be approximately 24.5%.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) ha riportato i risultati finanziari del terzo trimestre 2024. I ricavi sono diminuiti del 3% a $3,07 miliardi, mentre l'utile operativo è calato del 7% a $224,1 milioni. Gli utili diluiti per azione sono scesi del 17% a $1,49 rispetto a $1,80 nel terzo trimestre del 2023.
La diminuzione dei ricavi è stata principalmente dovuta a una riduzione del ricavo lordo per carico nei segmenti Intermodale e Truckload, a volumi di carico inferiori nei Servizi di Capacità Integrata e nei Servizi di Contratti Dedicati, e a un numero minore di fermate nei Servizi Final Mile. Questi sono stati parzialmente compensati da una crescita del carico del 5% nel settore Intermodale.
Il tasso effettivo dell'imposta sul reddito dell'azienda è aumentato al 25,2% rispetto al 18,2% nel terzo trimestre del 2023. J.B. Hunt prevede che il suo tasso fiscale annuale per il 2024 sarà di circa il 24,5%.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) informó sus resultados financieros del tercer trimestre de 2024. Los ingresos disminuyeron un 3% a $3,07 mil millones, mientras que el ingreso operativo cayó un 7% a $224,1 millones. Las ganancias diluidas por acción cayeron un 17% a $1,49 en comparación con $1,80 en el tercer trimestre de 2023.
La disminución de los ingresos se debió principalmente a la reducción de los ingresos brutos por carga en los segmentos Intermodal y Truckload, a los menores volúmenes de carga en Soluciones de Capacidad Integrada y Servicios de Contratos Dedicados, y a menos paradas en Servicios de Última Milla. Estos fueron parcialmente compensados por un crecimiento del 5% en el volumen de carga de Intermodal.
La tasa impositiva efectiva de la empresa aumentó al 25,2% desde el 18,2% en el tercer trimestre de 2023. J.B. Hunt espera que su tasa impositiva anual para 2024 sea de aproximadamente el 24,5%.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT)는 2024년 3분기 재무 결과를 발표했습니다. 회사의 수익은 3% 감소하여 30억 7천만 달러가 되었고, 운영 수익은 7% 감소하여 2억 2천4백10만 달러에 이르렀습니다. 희석주당순이익은 17% 감소하여 1.49달러로, 2023년 3분기의 1.80달러와 비교됩니다.
수익 감소는 주로 복합 운송 및 트럭 적재 부문에서의 적재당 총 수익 감소, 통합 용량 솔루션 및 전용 계약 서비스에서의 적재량 감소, 마지막 마일 서비스에서의 정차 수 감소로 인한 것입니다. 이는 복합 운송 부문에서 5% 적재량 증가에 의해 부분적으로 상쇄되었습니다.
회사의 유효 소득세율은 2023년 3분기의 18.2%에서 25.2%로 증가했습니다. J.B. Hunt는 2024년의 연간 세율이 약 24.5%가 될 것으로 예상하고 있습니다.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) a annoncé ses résultats financiers pour le troisième trimestre 2024. Les revenus ont diminué de 3% pour s'établir à 3,07 milliards de dollars, tandis que le résultat d'exploitation a chuté de 7% à 224,1 millions de dollars. Le bénéfice dilué par action a baissé de 17% pour atteindre 1,49 dollar, contre 1,80 dollar au troisième trimestre 2023.
La baisse des revenus a été principalement due à une diminution des revenus bruts par chargement dans les segments Intermodal et Truckload, à une baisse des volumes de chargement dans les Solutions de Capacité Intégrée et les Services de Contrats Dédiés, ainsi qu'à moins d'arrêts dans les Services de Dernière Milla. Cela a été partiellement compensé par une croissance de 5% des chargements dans le secteur Intermodal.
Le taux effectif d'imposition de l'entreprise a augmenté à 25,2% contre 18,2% au troisième trimestre 2023. J.B. Hunt s'attend à ce que son taux d'imposition annuel pour 2024 soit d'environ 24,5%.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) hat die finanziellen Ergebnisse des dritten Quartals 2024 veröffentlicht. Der Umsatz ging um 3% auf 3,07 Milliarden Dollar zurück, während das Betriebsergebnis um 7% auf 224,1 Millionen Dollar fiel. Der verwässerte Gewinn pro Aktie fiel um 17% auf 1,49 Dollar im Vergleich zu 1,80 Dollar im dritten Quartal 2023.
Der Rückgang der Einnahmen war hauptsächlich auf einen gesunkenen Bruttoumsatz pro Ladung in den Segmenten Intermodal und Truckload, niedrigere Ladevolumen in den integrierten Kapazitätslösungen und den dedizierten Vertragsdiensten sowie weniger Halte in den letzten Meilen zurückzuführen. Diese wurden teilweise durch ein Ladewachstum von 5% im Intermodalbereich ausgeglichen.
Der effektive Einkommenssteuersatz des Unternehmens stieg im dritten Quartal 2023 von 18,2% auf 25,2%. J.B. Hunt erwartet, dass der jährliche Steuersatz im Jahr 2024 bei etwa 24,5% liegen wird.
- Intermodal (JBI) segment volume increased 5% over the same period in 2023
- Transcontinental network loads increased 7%, while eastern network loads increased 3%
- ICS gross profit increased 31% with margins rising to 17.9% from 12.8% in the prior period
- Truckload (JBT) segment operating income increased 6% to $8.2 million
- Total operating revenue decreased 3% to $3.07 billion compared to Q3 2023
- Operating income decreased 7% to $224.1 million
- Diluted earnings per share fell 17% to $1.49 from $1.80 in Q3 2023
- Dedicated Contract Services (DCS) revenue decreased 5% with operating income down 7%
- Integrated Capacity Solutions (ICS) revenue declined 7% with an operating loss of $3.3 million
- Final Mile Services (FMS) revenue decreased 3% with operating income down 7%
Insights
J.B. Hunt's Q3 2024 results show a challenging environment for the transportation sector. Revenue declined
- Intermodal (JBI): Despite
5% volume growth, operating income fell13% due to lower yields and higher costs. - Dedicated Contract Services (DCS): Revenue down
5% , operating income down7% , impacted by fewer trucks and lower productivity. - Integrated Capacity Solutions (ICS): Revenue declined
7% , but narrowed operating loss from$9.4 million to$3.3 million . - Final Mile Services (FMS) and Truckload (JBT): Both segments saw revenue declines, though JBT improved operating income.
The company's effective tax rate increased significantly, further impacting earnings. However, J.B. Hunt maintained a strong cash position and continued share repurchases, indicating confidence in its long-term outlook despite near-term challenges.
J.B. Hunt's Q3 results reflect the complex dynamics in the transportation industry. The
The Dedicated Contract Services segment's
The company's investment in new equipment (308 new trailers) and its maintained fleet size (121,500 containers) show a commitment to capacity and service quality. The continued use of the J.B. Hunt 360° platform for the 360box® service in the Truckload segment indicates a strategic focus on technology-driven efficiency gains in a soft freight market.
-
Third Quarter 2024 Revenue:
; down$3.07 billion 3% -
Third Quarter 2024 Operating Income:
; down$224.1 million 7% -
Third Quarter 2024 EPS:
vs.$1.49 ; down$1.80 17%
Total operating revenue for the current quarter was
Operating income for the current quarter decreased
Net interest expense for the current quarter increased compared to third quarter 2023 due primarily to higher interest rates and the prior year including an interest component of a discrete income tax benefit.
The effective income tax rate in the current quarter was
Segment Information:
Intermodal (JBI)
-
Third Quarter 2024 Segment Revenue:
; flat$1.56 billion -
Third Quarter 2024 Operating Income:
; down$111.8 million 13%
Intermodal volume increased
Operating income decreased
Dedicated Contract Services (DCS)
-
Third Quarter 2024 Segment Revenue:
; down$846 million 5% -
Third Quarter 2024 Operating Income:
; down$95.5 million 7%
DCS revenue decreased
Operating income decreased
Integrated Capacity Solutions (ICS)
-
Third Quarter 2024 Segment Revenue:
; down$278 million 7% -
Third Quarter 2024 Operating (Loss):
; vs.$(3.3) million in Q3'23$(9.4) million
ICS revenue declined
Operating loss was
Final Mile Services (FMS)
-
Third Quarter 2024 Segment Revenue:
; down$218 million 3% -
Third Quarter 2024 Operating Income:
; down$12.0 million 7%
FMS revenue decreased
Operating income decreased
Truckload (JBT)
-
Third Quarter 2024 Segment Revenue:
; down$173 million 12% -
Third Quarter 2024 Operating Income:
; up$8.2 million 6%
JBT segment gross revenue decreased
JBT segment operating income increased
Cash Flow and Capitalization:
At September 30, 2024, we had approximately
Our net capital expenditures for the nine months ended September 30, 2024 approximated
In the third quarter 2024, we purchased approximately 1,200,000 shares of common stock for approximately
Conference Call Information:
The company will hold a conference call today from 4:00–5:00 p.m. CDT to discuss the quarterly earnings. Investors will have the opportunity to listen to the conference call live over the internet by going to investor.jbhunt.com. Please log on 15 minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, an online replay of the earnings call webcast will be available a few hours after the completion of the call.
Forward-Looking Statements:
This press release may contain forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2023. We assume no obligation to update any forward-looking statement to the extent we become aware that it will not be achieved for any reason. This press release and additional information will be available to interested parties on our website, www.jbhunt.com.
About J.B. Hunt
J.B. Hunt’s vision is to create the most efficient transportation network in
J.B. Hunt Transport Services Inc. is a Fortune 500 company, an S&P 500 company and a component of the Dow Jones Transportation Average. Its stock trades on NASDAQ under the ticker symbol JBHT. J.B. Hunt Transport Inc. is a wholly owned subsidiary of JBHT. The company’s services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, transload and more. For more information, visit www.jbhunt.com.
J.B. HUNT TRANSPORT SERVICES, INC. |
||||||||
Condensed Consolidated Statements of Earnings |
||||||||
(in thousands, except per share data) |
||||||||
(unaudited) |
||||||||
|
|
|||||||
Three Months Ended September 30 |
||||||||
2024 |
2023 |
|||||||
% Of |
% Of |
|||||||
Amount | Revenue |
Amount | Revenue |
|||||
|
|
|||||||
Operating revenues, excluding fuel surcharge revenues | $ | 2,678,484 |
|
$ | 2,690,890 |
|
||
Fuel surcharge revenues | 389,687 |
|
472,863 |
|
||||
Total operating revenues | 3,068,171 |
|
3,163,753 |
|
||||
|
|
|||||||
Operating expenses |
|
|
||||||
Rents and purchased transportation | 1,380,380 |
|
1,443,197 |
|
||||
Salaries, wages and employee benefits | 809,494 |
|
803,187 |
|
||||
Depreciation and amortization | 187,982 |
|
187,714 |
|
||||
Fuel and fuel taxes | 158,792 |
|
195,962 |
|
||||
Operating supplies and expenses | 127,889 |
|
130,905 |
|
||||
Insurance and claims | 78,441 |
|
62,675 |
|
||||
General and administrative expenses, net of asset dispositions | 72,389 |
|
69,413 |
|
||||
Operating taxes and licenses | 17,705 |
|
18,739 |
|
||||
Communication and utilities | 10,991 |
|
10,245 |
|
||||
Total operating expenses | 2,844,063 |
|
2,922,037 |
|
||||
Operating income | 224,108 |
|
241,716 |
|
||||
Net interest expense | 20,751 |
|
12,586 |
|
||||
Earnings before income taxes | 203,357 |
|
229,130 |
|
||||
Income taxes | 51,291 |
|
41,699 |
|
||||
Net earnings | $ | 152,066 |
|
$ | 187,431 |
|
||
Average diluted shares outstanding | 102,135 |
|
104,394 |
|
||||
Diluted earnings per share | $ | 1.49 |
|
$ | 1.80 |
|
||
|
|
|||||||
|
|
J.B. HUNT TRANSPORT SERVICES, INC. |
||||||||
Condensed Consolidated Statements of Earnings |
||||||||
(in thousands, except per share data) |
||||||||
(unaudited) |
||||||||
|
|
|||||||
Nine Months Ended September 30 |
||||||||
2024 |
2023 |
|||||||
% Of |
% Of |
|||||||
Amount | Revenue |
Amount | Revenue |
|||||
|
|
|||||||
Operating revenues, excluding fuel surcharge revenues | $ | 7,775,991 |
|
$ | 8,140,959 |
|
||
Fuel surcharge revenues | 1,164,865 |
|
1,385,006 |
|
||||
Total operating revenues | 8,940,856 |
|
9,525,965 |
|
||||
|
|
|||||||
Operating expenses |
|
|
||||||
Rents and purchased transportation | 3,935,379 |
|
4,315,581 |
|
||||
Salaries, wages and employee benefits | 2,420,425 |
|
2,450,062 |
|
||||
Depreciation and amortization | 555,637 |
|
543,498 |
|
||||
Fuel and fuel taxes | 496,610 |
|
563,642 |
|
||||
Operating supplies and expenses | 371,305 |
|
388,213 |
|
||||
Insurance and claims | 227,348 |
|
196,896 |
|
||||
General and administrative expenses, net of asset dispositions | 223,878 |
|
191,291 |
|
||||
Operating taxes and licenses | 52,815 |
|
55,797 |
|
||||
Communication and utilities | 33,273 |
|
31,067 |
|
||||
Total operating expenses | 8,316,670 |
|
8,736,047 |
|
||||
Operating income | 624,186 |
|
789,918 |
|
||||
Net interest expense | 56,598 |
|
41,980 |
|
||||
Earnings before income taxes | 567,588 |
|
747,938 |
|
||||
Income taxes | 152,156 |
|
173,186 |
|
||||
Net earnings | $ | 415,432 |
|
$ | 574,752 |
|
||
Average diluted shares outstanding | 103,126 |
|
104,562 |
|
||||
Diluted earnings per share | $ | 4.03 |
|
$ | 5.50 |
|
||
|
|
|||||||
|
|
Financial Information By Segment |
||||||||||
(in thousands) |
||||||||||
(unaudited) |
||||||||||
|
|
|||||||||
Three Months Ended September 30 |
||||||||||
2024 |
2023 |
|||||||||
% Of |
% Of |
|||||||||
Amount | Total |
Amount | Total |
|||||||
|
|
|||||||||
Revenue |
|
|
||||||||
Intermodal | $ | 1,556,774 |
|
|
$ | 1,555,382 |
|
|
||
Dedicated | 845,963 |
|
|
892,257 |
|
|
||||
Integrated Capacity Solutions | 278,177 |
|
|
298,015 |
|
|
||||
Final Mile Services | 218,318 |
|
|
225,929 |
|
|
||||
Truckload | 173,223 |
|
|
196,338 |
|
|
||||
Subtotal | 3,072,455 |
|
|
3,167,921 |
|
|
||||
Intersegment eliminations | (4,284 |
) |
( |
(4,168 |
) |
( |
||||
Consolidated revenue | $ | 3,068,171 |
|
|
$ | 3,163,753 |
|
|
||
|
|
|||||||||
|
|
|||||||||
Operating income |
|
|
||||||||
Intermodal | $ | 111,785 |
|
|
$ | 127,972 |
|
|
||
Dedicated | 95,510 |
|
|
102,435 |
|
|
||||
Integrated Capacity Solutions | (3,255 |
) |
( |
(9,375 |
) |
( |
||||
Final Mile Services | 12,021 |
|
|
12,975 |
|
|
||||
Truckload | 8,151 |
|
|
7,715 |
|
|
||||
Other (1) | (104 |
) |
( |
(6 |
) |
( |
||||
Operating income | $ | 224,108 |
|
|
$ | 241,716 |
|
|
||
|
|
|||||||||
|
|
|||||||||
Nine Months Ended September 30 |
||||||||||
2024 |
2023 |
|||||||||
% Of |
% Of |
|||||||||
Amount | Total |
Amount | Total |
|||||||
Revenue |
|
|
||||||||
Intermodal | $ | 4,359,621 |
|
|
$ | 4,584,089 |
|
|
||
Dedicated | 2,556,989 |
|
|
2,658,993 |
|
|
||||
Integrated Capacity Solutions | 833,841 |
|
|
1,026,480 |
|
|
||||
Final Mile Services | 682,887 |
|
|
674,945 |
|
|
||||
Truckload | 519,631 |
|
|
594,003 |
|
|
||||
Subtotal | 8,952,969 |
|
|
9,538,510 |
|
|
||||
Intersegment eliminations | (12,113 |
) |
( |
(12,545 |
) |
( |
||||
Consolidated revenue | $ | 8,940,856 |
|
|
$ | 9,525,965 |
|
|
||
|
|
|||||||||
|
|
|||||||||
Operating income |
|
|
||||||||
Intermodal | $ | 312,918 |
|
|
$ | 439,490 |
|
|
||
Dedicated | 285,569 |
|
|
318,610 |
|
|
||||
Integrated Capacity Solutions | (34,084 |
) |
( |
(19,166 |
) |
( |
||||
Final Mile Services | 46,886 |
|
|
34,419 |
|
|
||||
Truckload | 12,928 |
|
|
16,503 |
|
|
||||
Other (1) | (31 |
) |
( |
62 |
|
|
||||
Operating income | $ | 624,186 |
|
|
$ | 789,918 |
|
|
||
|
|
|||||||||
(1) Includes corporate support activity |
|
|
Operating Statistics by Segment | |||||
(unaudited) | |||||
Three Months Ended September 30 | |||||
2024 |
2023 |
||||
Intermodal | |||||
Loads | 547,988 |
521,221 |
|||
Average length of haul | 1,697 |
1,683 |
|||
Revenue per load | $ | 2,841 |
$ | 2,984 |
|
Average tractors during the period * | 6,374 |
6,447 |
|||
Tractors (end of period) * | 6,514 |
6,398 |
|||
Trailing equipment (end of period) | 121,477 |
117,387 |
|||
Average effective trailing equipment usage | 108,632 |
100,593 |
|||
Dedicated | |||||
Loads | 1,005,515 |
1,070,626 |
|||
Average length of haul | 180 |
176 |
|||
Revenue per truck per week** | $ | 5,073 |
$ | 5,215 |
|
Average trucks during the period*** | 12,800 |
13,242 |
|||
Trucks (end of period) *** | 12,761 |
13,259 |
|||
Trailing equipment (end of period) | 31,967 |
32,875 |
|||
Average effective trailing equipment usage | 32,525 |
33,185 |
|||
Integrated Capacity Solutions | |||||
Loads | 147,805 |
163,745 |
|||
Revenue per load | $ | 1,882 |
$ | 1,820 |
|
Gross profit margin |
|
|
|||
Employee count (end of period) | 640 |
680 |
|||
Approximate number of third-party carriers (end of period) | 108,000 |
131,600 |
|||
Marketplace for J.B. Hunt 360 revenue (millions) | $ | 92.2 |
$ | 168.5 |
|
Final Mile Services | |||||
Stops | 1,051,428 |
1,123,435 |
|||
Average trucks during the period*** | 1,334 |
1,487 |
|||
Truckload | |||||
Loads | 100,896 |
107,149 |
|||
Revenue per load | $ | 1,717 |
$ | 1,832 |
|
Average length of haul | 601 |
644 |
|||
Tractors (end of period) | |||||
Company-owned | 18 |
29 |
|||
Independent contractor | 1,971 |
1,960 |
|||
Total tractors | 1,989 |
1,989 |
|||
Trailers (end of period) | 13,205 |
13,409 |
|||
Average effective trailing equipment usage | 12,588 |
12,869 |
|||
* Includes company-owned and independent contractor tractors | |||||
** Using weighted workdays | |||||
*** Includes company-owned, independent contractor, and customer-owned trucks |
Operating Statistics by Segment | |||||
(unaudited) | |||||
Nine Months Ended September 30 | |||||
2024 |
2023 |
||||
Intermodal | |||||
Loads | 1,530,600 |
1,508,993 |
|||
Average length of haul | 1,692 |
1,663 |
|||
Revenue per load | $ | 2,848 |
$ | 3,038 |
|
Average tractors during the period * | 6,309 |
6,521 |
|||
Tractors (end of period) * | 6,514 |
6,398 |
|||
Trailing equipment (end of period) | 121,477 |
117,387 |
|||
Average effective trailing equipment usage | 101,031 |
97,571 |
|||
Dedicated | |||||
Loads | 3,017,650 |
3,252,894 |
|||
Average length of haul | 181 |
173 |
|||
Revenue per truck per week** | $ | 5,032 |
$ | 5,152 |
|
Average trucks during the period*** | 13,080 |
13,316 |
|||
Trucks (end of period) *** | 12,761 |
13,259 |
|||
Trailing equipment (end of period) | 31,967 |
32,875 |
|||
Average effective trailing equipment usage | 32,660 |
32,181 |
|||
Integrated Capacity Solutions | |||||
Loads | 451,414 |
560,912 |
|||
Revenue per load | $ | 1,847 |
$ | 1,830 |
|
Gross profit margin |
|
|
|||
Employee count (end of period) | 640 |
680 |
|||
Approximate number of third-party carriers (end of period) | 108,000 |
131,600 |
|||
Marketplace for J.B. Hunt 360 revenue (millions) | $ | 301.8 |
$ | 644.1 |
|
Final Mile Services | |||||
Stops | 3,226,638 |
3,426,988 |
|||
Average trucks during the period*** | 1,372 |
1,563 |
|||
Truckload | |||||
Loads | 287,209 |
307,336 |
|||
Revenue per load | $ | 1,809 |
$ | 1,933 |
|
Average length of haul | 642 |
648 |
|||
Tractors (end of period) | |||||
Company-owned | 18 |
29 |
|||
Independent contractor | 1,971 |
1,960 |
|||
Total tractors | 1,989 |
1,989 |
|||
Trailers (end of period) | 13,205 |
13,409 |
|||
Average effective trailing equipment usage | 12,693 |
13,035 |
|||
* Includes company-owned and independent contractor tractors | |||||
** Using weighted workdays | |||||
*** Includes company-owned, independent contractor, and customer-owned trucks |
J.B. HUNT TRANSPORT SERVICES, INC. | |||||
Condensed Consolidated Balance Sheets | |||||
(in thousands) | |||||
(unaudited) | |||||
September 30, 2024 | December 31, 2023 | ||||
ASSETS | |||||
Current assets: | |||||
Cash and cash equivalents | $ | 120,002 |
$ | 53,344 |
|
Accounts Receivable, net | 1,262,921 |
1,334,912 |
|||
Prepaid expenses and other | 543,477 |
696,656 |
|||
Total current assets | 1,926,400 |
2,084,912 |
|||
Property and equipment | 9,053,779 |
8,767,872 |
|||
Less accumulated depreciation | 3,302,505 |
2,993,959 |
|||
Net property and equipment | 5,751,274 |
5,773,913 |
|||
Other assets, net | 648,276 |
679,435 |
|||
$ | 8,325,950 |
$ | 8,538,260 |
||
LIABILITIES & STOCKHOLDERS' EQUITY | |||||
Current liabilities: | |||||
Current debt | $ | 500,000 |
$ | 249,961 |
|
Trade accounts payable | 673,452 |
737,364 |
|||
Claims accruals | 613,311 |
547,277 |
|||
Accrued payroll | 108,428 |
94,563 |
|||
Other accrued expenses | 146,254 |
150,256 |
|||
Total current liabilities | 2,041,445 |
1,779,421 |
|||
Long-term debt | 1,032,303 |
1,326,107 |
|||
Other long-term liabilities | 390,156 |
392,766 |
|||
Deferred income taxes | 861,828 |
936,208 |
|||
Stockholders' equity | 4,000,218 |
4,103,758 |
|||
$ | 8,325,950 |
$ | 8,538,260 |
||
Supplemental Data | |||||
(unaudited) | |||||
September 30, 2024 |
December 31, 2023 |
||||
Actual shares outstanding at end of period (000) | 100,830 |
103,220 |
|||
Book value per actual share outstanding at end of period | $ | 39.67 |
$ | 39.76 |
|
Nine Months Ended September 30 | |||||
2024 |
2023 |
||||
Net cash provided by operating activities (000) | $ | 1,165,520 |
$ | 1,529,612 |
|
Net capital expenditures (000) | $ | 488,067 |
$ | 1,319,905 |
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20241015964411/en/
Brad Delco
Senior Vice President – Finance
(479) 820-2723
Source: J.B. Hunt Transport Services, Inc.
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