J.B. Hunt Reports Big Jump in Q4 Income


J.B. Hunt Reports Big Jump in Q4 Income
(J.B. Hunt Transport)

J.B. Hunt Transport Services Inc. of Lowell reported Tuesday fourth-quarter income of $242.2 million for fiscal 2021.

The amount was a significant jump from the $154 million reported in the same quarter a year ago. Earnings per share was $2.28, up from $1.44 a year ago.

The income came off revenue figures of $3.5 billion for the quarter, up from $2.7 billion a year ago.

For the fiscal year, J.B. Hunt reported revenue of $12.2 billion, up from $9.6 billion, and income of $760.8 million, up from $506 million. Earnings per share for the fiscal year was $7.14, up from $4.74.

The company’s results by segments were:

Intermodal

Quarterly revenue was $1.57 billion, up from $1.5 billion. For the fiscal year, revenue was $5.5 billion, up from $4.7 billion. The company reported operating income of $195.3 for the quarter, up from $110.8 million, and $602.5 million for the fiscal year, up from $428.4 million. The company said volume declined 3% due to various obstacles such as the pandemic and labor difficulties, but that was compensated by higher revenue per load.

Dedicated Contract Services

Quarterly revenue was $712.4 million, up from $568.4 million. For the fiscal year, revenue was $2.6 billion, up from $2.2 billion. The company reported operating income of $72.6 million for the quarter, down from $77.6 million, and $304.1 million for the fiscal year, down from $313.9 million.

Integrated Capacity Solutions

Quarterly revenue was $738.9 million, up from $587.3 million. For the fiscal year, revenue was $2.5 billion, up from $1.7 billion. J.B. Hunt said approximately $431 million of its ICS quarterly revenue was generated through its Marketplace for J.B. Hunt 360°, up from $387 million in the same quarter a year ago. The company reported operating income of $21.2 million for the quarter, up from $5.8 million, and $46.3 million for the fiscal year, up from a loss of $44.7 million a year ago.

Final Mile Services

Quarterly revenue was $221.9 million, up from $213.2 million. For the fiscal year, revenue was $841.9 million, up from $688.4 million. The company reported operating income of $7.4 million for the quarter, up from $5.5 million, and $27.9 million for the fiscal year, up from a loss of $945,000.

Truckload

Quarterly revenue was $259.1 million, up from $140.4 million. For the fiscal year, revenue was $795.9 million, up from $462.7 million. The company reported operating income of $25.9 million for the quarter, up from $8.4 million, and $64.9 million for the fiscal year, up from $16.6 million.