The earnings call reflected a balanced sentiment with notable achievements in free cash flow generation, stock repurchases, and growth in intermodal volumes. However, these were countered by challenges such as flat revenue, operating income decline, and inflationary cost pressures affecting margins.

Company Guidance -

Q3 2025

During the J.B. Hunt Transport Services, Inc. Second Quarter 2025 Earnings Conference Call, several key metrics and strategic initiatives were highlighted. Revenue was flat on a consolidated GAAP basis, with operating income decreasing by 4% and diluted earnings per share declining by less than 1% year-over-year, primarily due to inflationary cost pressures. The company generated over $225 million of free cash flow during the quarter. J.B. Hunt announced a $100 million cost reduction initiative, focusing on efficiency, productivity, asset utilization, and technology, with most benefits expected to impact 2026 and beyond. The company also repurchased $319 million of stock, marking a quarterly record, and expects net capital expenditures for 2025 to range between $550 million and $650 million. In the Intermodal segment, volumes increased by 6% year-over-year, with Eastern volume growing by 15%, although TransCon volumes decreased by 1%. The company completed its Intermodal bid season with modestly positive pricing, aiming to stabilize margins through cost initiatives and tactical pricing strategies. Dedicated Contract Services (DCS) saw strong demand with approximately 275 new trucks sold in the second quarter, expecting modest fleet growth in the second half of the year. The brokerage business showed a significant reduction in operating expenses, aligning with the company's focus on cost control and profitability. Overall, J.B. Hunt remains focused on operational excellence, customer growth, and cost management to drive long-term shareholder value.

Strong Free Cash Flow Generation

J.B. Hunt Transport Services generated over $225 million of free cash flow in the quarter, demonstrating financial resilience.

Record Stock Repurchase

The company repurchased $319 million of stock in the second quarter, marking a quarterly record for J.B. Hunt.

Intermodal Service Demand and Growth

Intermodal volumes were up 6% year over year, with Eastern volume growing 15%, highlighting strong demand and performance.

Investment in Safety and Technology

Back-to-back years of record safety performance and significant investments in technology to improve efficiencies.

Cost Reduction Initiatives

Identified $100 million in annual costs to eliminate as part of efficiency and productivity improvements.

JB Hunt (JBHT) Earnings, Revenues Date & History

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JBHT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 21, 2025	2025 (Q3)	1.48 / -	1.49	―	―	―
Jul 16, 2025	2025 (Q2)	1.30 / 1.31	1.32	-0.76% (-0.01)
Apr 15, 2025	2025 (Q1)	1.15 / 1.17	1.22	-4.10% (-0.05)
Jan 16, 2025	2024 (Q4)	1.61 / 1.53	1.47	4.08% (+0.06)
Oct 15, 2024	2024 (Q3)	1.39 / 1.49	1.8	-17.22% (-0.31)
Jul 16, 2024	2024 (Q2)	1.48 / 1.32	1.81	-27.07% (-0.49)
Apr 16, 2024	2024 (Q1)	1.50 / 1.22	1.89	-35.45% (-0.67)
Jan 18, 2024	2023 (Q4)	1.74 / 1.47	1.92	-23.44% (-0.45)
Oct 17, 2023	2023 (Q3)	1.83 / 1.80	2.57	-29.96% (-0.77)
Jul 18, 2023	2023 (Q2)	1.90 / 1.81	2.42	-25.21% (-0.61)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

JBHT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 16, 2025	$150.96	$152.21	+0.83%
Apr 15, 2025	$134.26	$123.94	-7.69%
Jan 16, 2025	$184.54	$170.91	-7.39%
Oct 15, 2024	$172.70	$178.14	+3.15%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.