Hub Group Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2012; Provides Earnings Guidance for the Fiscal Year 2013
January 29, 2013 at 04:00 pm
Share
Hub Group Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported revenue of $801,023,000 against $762,775,000 a year ago. Operating income was $31,648,000 against $27,138,000 a year ago. Income before provision for income taxes was $31,407,000 against $26,891,000 a year ago. Net income was $18,844,000 or $0.51 per basic and diluted share against $17,014,000 or $0.46 per basic and diluted share a year ago. Diluted non-GAAP EPS (adjusted) was $0.51 against $0.48 a year ago. During the quarter, the company spent $22 million on capital expenditures.
For the year, the company reported revenue of $3,124,108,000 against $2,751,534,000 a year ago. Operating income was $112,360,000 against $94,459,000 a year ago. Income before provision for income taxes was $111,257,000 against $94,297,000 a year ago. Net income was $67,953,000 or $1.83 per basic and diluted share against $58,178,000 or $1.57 per diluted share a year ago. Diluted non-GAAP EPS (adjusted) was $1.83 against $1.65 a year ago. Net cash provided by operating activities was $92,917,000 against $74,866,000 a year ago. Purchases of property and equipment were $56,882,000 against $55,010,000 a year ago.
Diluted earnings per share in 2013 will be within the current analyst range of between $1.95 and $2.20. Capital expenditures for 2013 will range between $90 million and $100 million. The company expects tax rate of 38.5% in 2013.
Hub Group, Inc. is a supply chain solutions provider, which offers comprehensive transportation and logistics management services. The Company operates through two segments: Intermodal and Transportation Solutions (ITS), and Logistics. Its ITS segment includes its intermodal and dedicated trucking. Its Logistics segment includes full outsource logistics solutions, transportation management services, freight consolidation, warehousing and fulfillment, and final mile delivery services. Logistics also includes its brokerage business which provides third-party truckload, less-than-truckload (LTL), flatbed and temperature-controlled needs. The Companyâs service offerings include a full range of freight transportation and logistics services, some of which are provided by assets the Company owns and operates, and some of which are provided by third parties with whom it contracts. The Company serves range of industries, including retail, consumer products, automotive and durable goods.
Hub Group Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2012; Provides Earnings Guidance for the Fiscal Year 2013