J.B. Hunt Q3 EPS falls 17% to $1.49 as revenue slips 3% to $3.07 billion
J.B. Hunt Transport Services reported third quarter 2024 results on October 15, 2024, with revenue of $3.07 billion, down 3% from a year earlier, and operating income of $224.1 million, down 7%. Diluted earnings per share fell 17% to $1.49 from $1.80, as higher personnel, insurance and equipment costs weighed on profit, and the company bought back about $200 million of its stock in the quarter.
Key points
- Q3 2024 revenue was $3.07 billion, down 3% from $3.16 billion in Q3 2023.
- Q3 2024 net earnings were $152.1 million, or $1.49 per diluted share, versus $187.4 million, or $1.80, a year earlier.
- Operating income was $224.1 million, down 7%; the effective tax rate rose to 25.2% from 18.2%.
- The company repurchased about 1.2 million shares for about $200 million in Q3 and had about $967 million left under its repurchase authorization.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits 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 October 15, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.