- J.B. Hunt Transport Services (JBHT, Financial) reported a 1% decline in revenue for Q1 2025 to $2.92 billion.
- The company's operating income decreased by 8% to $178.7 million, and EPS fell by 4% to $1.17.
- Major gains were seen in the Intermodal segment, with a 5% revenue growth driven by an 8% increase in load volume.
J.B. Hunt Transport Services, Inc. (JBHT) faced a challenging first quarter in 2025, with total revenue declining by 1% to $2.92 billion compared to the same period in 2024. The decline was influenced by a reduction in the average truck count within the Dedicated Contract Services® segment by 5%, a drop of 15% in Final Mile Services® stops, and a 13% decrease in load volumes for Integrated Capacity Solutions.
The Intermodal segment emerged as a notable positive aspect, with revenues increasing by 5% to reach $1.47 billion, primarily driven by an 8% escalation in load volume. However, the segment's operating income fell by 7% due to lower yields and rising costs.
Despite the overall revenue decrease, J.B. Hunt's management continued its aggressive share repurchase strategy, buying back approximately 1.4 million shares for $234 million during the quarter, leaving $650 million available under its current repurchase authorization.
Operational income across the company declined by 8% to $178.7 million, impacted by increased expense allocations in areas such as insurance claims, premiums, and equipment maintenance. Earnings per share also saw a decrease of 4%, coming in at $1.17 compared to $1.22 from the prior year.
Meanwhile, the Integrated Capacity Solutions segment reflected improvement with a reduced operating loss of $2.7 million, a notable recovery from a $17.5 million loss in Q1 2024, as the segment's shift towards more contractual business proved beneficial.
Overall, J.B. Hunt Transport Services Inc. continues to navigate a challenging market environment while leveraging its strategic strengths in segments such as Intermodal to offset weaknesses in others.
