J.B. Hunt Announces Q1 Earnings & Revenue Increases

April 20, 2022

Business

J.B. Hunt Announces Q1 Earnings & Revenue Increases

NWA Daily

J.B. Hunt exceeded expectations for the revenue of the first quarter by posting double-digit earnings and revenue increases. 

  • Compared: First-quarter earnings at J.B. Hunt rose by 65.9% from the same period last year. The company's market shares went from $146.6 million ($1.37 per share) to $243.32 million ($2.29 per share) in a year. Revenue rose by 33.2% from $2.61 billion to $3.48 billion. 
  • Only positive: Earning expectations at J.B. Hunt were $1.94 per share, and revenue expectations were $3.28 billion. The company gained from equipment sale gains among other factors. J.B. Hunt has hired more than 1,400 drivers this year and freight transactions rose by $430 million from the same period in 2021. 

Read the full press release HERE

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