The earnings call presented a mixed performance with some positive momentum in intermodal volume growth, improved safety metrics, and strong dedicated sales pipeline. However, challenges remain with declining revenue and earnings, margin pressure, and difficulties in the Final Mile segment. The company is focusing on cost control and operational excellence to navigate the challenging freight environment.

Company Guidance

In J.B. Hunt's third-quarter 2024 earnings call, the company reported a 3% decline in revenue, a 7% decrease in operating income, and a 17% drop in diluted earnings per share compared to the previous year. The company's focus remained on cost control and operational excellence, with a particular emphasis on volume growth and margin improvement in their intermodal and dedicated segments, which they believe are industry-leading in terms of margin and return performance. The tax rate for the full year is expected to be approximately 24.5%. Additionally, J.B. Hunt adjusted its capital expenditure plan, lowering it to $625 million for the year, down from the earlier range of $650 million to $700 million, and repurchased $200 million in stock during the quarter. The company continues to emphasize improving safety performance, with a further reduction in preventable accidents and the rollout of inward-facing cameras in all trucks.

Intermodal Volume Growth

Intermodal volume increased by 5% year-over-year, driven by 7% growth in TransCon, with Southern California outbound volumes up double digits.

Improvement in Safety Performance

Achieved a record performance in terms of BOT preventable accidents per million miles, and improved further year-to-date compared to 2023.

Strong Dedicated Sales Pipeline

Sold 258 trucks of new deals in the third quarter, with a strong sales pipeline and expectations of stable growth within the long-term range.

Cost Control and Margin Improvements

Significant improvements in cost structure, particularly in highway services, with an improved operating margin compared to the prior year period.

Record High Service Levels in JBT

Achieved the highest level of service since the shift to the power-only model, J.B. Hunt 360 Box, in 2019.

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JB Hunt (JBHT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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JBHT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 16, 2025	2024 (Q4)	1.63 / -	1.47	―	―	―
Oct 15, 2024	2024 (Q3)	1.39 / 1.49	1.8	-17.22% (-0.31)
Jul 16, 2024	2024 (Q2)	1.48 / 1.32	1.81	-27.07% (-0.49)
Apr 16, 2024	2024 (Q1)	1.50 / 1.22	1.89	-35.45% (-0.67)
Jan 18, 2024	2023 (Q4)	1.74 / 1.47	1.92	-23.44% (-0.45)
Oct 17, 2023	2023 (Q3)	1.83 / 1.80	2.57	-29.96% (-0.77)
Jul 18, 2023	2023 (Q2)	1.90 / 1.81	2.42	-25.21% (-0.61)
Apr 17, 2023	2023 (Q1)	2.01 / 1.89	2.29	-17.47% (-0.40)
Jan 18, 2023	2022 (Q4)	2.44 / 1.92	2.28	-15.79% (-0.36)
Oct 18, 2022	2022 (Q3)	2.45 / 2.57	1.88	36.70% (+0.69)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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JBHT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 15, 2024	$174.25	$179.74	+3.15%
Jul 16, 2024	$175.15	$163.11	-6.87%
Apr 16, 2024	$181.64	$166.89	-8.12%
Jan 18, 2024	$195.10	$196.86	+0.90%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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