J.B. Hunt reported $1.91 EPS, topping estimates by $0.18, as intermodal loads rose 10% year-over-year amid capacity shifts.
J.B. Hunt Transport Services posted second-quarter earnings per share of $1.91, exceeding consensus estimates by $0.18, driven by a 10% year-over-year increase in intermodal loads. Revenue climbed 19% to $3.5 billion, surpassing the $3.26 billion estimate, while operating income rose 32% to $259 million.
The company attributed growth to heightened demand for intermodal and dedicated services, citing a 10-year high in conversion activity. U.S. Class I railroads saw an 8% rise in intermodal carloads, with North American containers up 5%. J.B. Hunt also reduced structural costs by $135 million over the past year through automation.
Shares of JBHT on NASDAQ may react positively to the earnings beat and record volumes, though market response was not detailed in the report.