JBHT - J.B. Hunt Transport Services GAAP EPS of $1.89 misses by $0.11 revenue of $3.23B misses by $180M

2023-04-17 16:21:31 ET

• J.B. Hunt Transport Services press release ( NASDAQ: JBHT ): Q1 GAAP EPS of $1.89 misses by $0.11 .
• Revenue of $3.23B (-7.4% Y/Y) misses by $180M .
• Operating income for the current quarter decreased 17% to $277.5 million versus $334.3 million for the first quarter 2022.

• At March 31, 2023, we had a total of $1.24 billion outstanding on various debt instruments which is comparable to the total debt levels at December 31, 2022.

• Our net capital expenditures for the first quarter 2023 approximated $380 million compared to $289 million for the first quarter 2022. At March 31, 2023, we had cash and cash equivalents of $53 million.

• In the first quarter 2023, Company purchased approximately 183,000 shares of our common stock for approximately $31 million. At March 31, 2023,

  Company had approximately $520 million remaining under our share repurchase authorization. Actual shares outstanding at March 31, 2023, approximated 103.6 million.

For further details see: