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Hub Group, Inc. Reports Record Third Quarter 2015 Earnings

The following excerpt is from the company's SEC filing.

OAK BROOK, IL, October 28, 2015, -- Hub Group, Inc. (NASDAQ: HUBG) today

Hub Group reported net income of $19.8 million for the third quarter ended September 30, 2015 compared to $4.5 million in the third quarter of 2014. Hub Group’s diluted earnings per share was $0.55 for the third quarter of 2015 compared to earnings per share of $0.12 in third quarter of 2014. Excluding the effect of one-time costs, non-GAAP earnings per share was $0.49 for the third quarter of 2014 (see table below). Hub Group’s revenue decreased 1% to $90 0 million. The revenue decline related primarily to lower fuel revenue.

The Hub segment’s revenue decreased

2% to $681 million. Third quarter intermodal revenue decreased 0.2% to $460 million. Truck brokerage revenue was flat at $84 million this quarter. Third quarter Unyson Logistics revenue decreased 7% to $137 million.

The Mode segment’s revenue decreased

2% to $239 million. Operating income was $7.2 million,

an increase of 2% compared to the prior year period

Hub Group ended the quarter with $184 million in cash.


Hub will hold a conference call at 5:00 p.m. Eastern Time on Wednesday, October 28, 2015 to discuss its third quarter results.

Hosting the conference call will be Dave Yeager, Chairman and Chief Executive Officer. Also participating on the call will be Don Maltby, President and Chief Operating Officer, and Terri Pizzuto, Executive Vice-President and Chief Financial Officer.

This call is being webcast and can be accessed through the Investors link on Hub Group’s Web site at

. The webcast is listen-only. Those interested in participating in the question and answer session should follow the telephone dial-in instructions below.

To participate in the conference call by telephone, please register at

Registrants will be issued a passcode and PIN to use when dialing into the live call which will provide quickest access to the conference. You may register at any time, including up to and after the call start time. On the day of the call, dial (888) 206-4074 approximately ten minutes prior to the scheduled call time; enter the participant passcode

received during registration. The call will be limited to 60 minutes, including questions and answers.

An audio replay will be available through the Investors link on the Company's Web site at

. This replay will be available for 30 days.

ABOUT HUB GROUP: Hub Group, Inc. is a leading asset-light freight transportation management company providing comprehensive intermodal, truck brokerage and logistics services. The Company operates through a network of offices and independent agents throughout the United States, Canada and Mexico.

CERTAIN FORWARD-LOOKING STATEMENTS: Statements in this press release that are not historical, including statements about Hub Group's or management's earnings guidance, intentions, beliefs, expectations, representations, projections, plans or predictions of the future,

are forward-looking statements within the meaning of the Private...