J.B. Hunt Q2 profit falls 27% as revenue drops 7% to $2.93 billion
J.B. Hunt Transport Services reported second quarter 2024 results on July 16, 2024. Net earnings were $135.9 million, or $1.32 per diluted share, down from $189.6 million, or $1.81 per share, a year earlier, while total operating revenue fell 7% to $2.93 billion. The company attributed the profit decline mainly to lower revenue and higher insurance and claims, equipment-related, and certain personnel-related expenses.
Key points
- Total operating revenue was $2.93 billion, down 7% from $3.13 billion in the second quarter of 2023.
- Operating income was $205.7 million, down 24% from $270.7 million.
- Diluted EPS was $1.32 versus $1.81 a year earlier, down 27%.
- The company bought back about 1,225,000 shares for about $203 million in the quarter and had about $163 million left under its repurchase authorization.
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 16, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.