The earnings call presented a mixed picture with notable achievements in free cash flow generation, intermodal volume growth, and customer retention. However, these were balanced by declines in operating income, flat revenue growth, and significant cost pressures from inflation. The company is focused on managing costs and preparing for future growth, but current challenges weigh heavily on financial performance.

Company Guidance -

Q3 2025

During the J.B. Hunt Transport Services, Inc. Second Quarter 2025 Earnings Conference Call, the company provided guidance on several key metrics and strategic initiatives. Revenue for the quarter was flat, while operating income decreased by 4%, and diluted earnings per share was slightly less than 1% below the prior year. The company generated over $225 million in free cash flow, but faced pressures from inflationary costs in areas such as wages, insurance, and equipment. A significant focus was placed on a cost reduction initiative targeting $100 million in annual savings across efficiency, productivity, asset utilization, and technology improvements. J.B. Hunt's intermodal volumes grew by 6% year-over-year, with a notable 15% increase in Eastern volumes, though TransCon volumes decreased by 1%. The company also highlighted its strong cash flow, repurchasing $319 million in stock, and maintaining a solid balance sheet with targeted leverage of one times trailing EBITDA. Looking ahead, J.B. Hunt expects capital expenditures for 2025 to range between $550 million and $650 million, with continued emphasis on operational excellence and market growth, while managing costs to enhance financial performance.

Strong Free Cash Flow Generation

Generated over $225 million of free cash flow in the quarter, demonstrating the company's financial strength and resilience.

Intermodal Volume Growth

Intermodal volumes increased by 6% year over year, with Eastern volume growing by 15% despite a decrease in TransCon volumes by 1%.

Record Stock Repurchase

Repurchased $319 million of stock during the second quarter, setting a quarterly record for the company.

Dedicated Truck Sales

Sold approximately 275 trucks of new deals in the second quarter, aligning with the annual net sales target of 800 to 1,000 new trucks.

Customer Retention and Service Awards

Achieved some of the highest customer retention numbers in five years and received multiple service awards from customers.

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	$151.44	$152.69	+0.83%
Apr 15, 2025	$134.68	$124.33	-7.68%
Jan 16, 2025	$185.12	$171.45	-7.38%
Oct 15, 2024	$173.24	$178.70	+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.