J.B. Hunt Reports Record Earnings
By: Amanda Ashley
Updated: January 24, 2013
J.B. Hunt has released their quarterly report, showing record earnings for the quarter and year.
On Thursday, the Lowell-based transportation company said it had net earnings of about $84 million in the fourth quarter of 2012, up 16 percent from 2011.
According to the company's report, cost controls, a lower cost of borrowing and a growth in revenue were main factors in the increase.
For the year, the company reported profits over $310.3 million, up the $257 million JB Hunt reported in 2011.
Here's an over view of the numbers:
Fourth quarter 2012 Revenue: $1.34 billion; up 11%
Fourth quarter 2012 Operating Income: $143.3 million; up 17%
Fourth quarter 2012 EPS: 70 cents vs. 61 cents; up 15%
Full Year 2012 Revenue: $5.1 billion; up 12%
Full Year 2012 Operating Income: $530.2 million; up 19%
Full Year 2012 EPS: $2.59 vs. $2.11; up 23%
On Thursday, the Lowell-based transportation company said it had net earnings of about $84 million in the fourth quarter of 2012, up 16 percent from 2011.
According to the company's report, cost controls, a lower cost of borrowing and a growth in revenue were main factors in the increase.
For the year, the company reported profits over $310.3 million, up the $257 million JB Hunt reported in 2011.
Here's an over view of the numbers:
Fourth quarter 2012 Revenue: $1.34 billion; up 11%
Fourth quarter 2012 Operating Income: $143.3 million; up 17%
Fourth quarter 2012 EPS: 70 cents vs. 61 cents; up 15%
Full Year 2012 Revenue: $5.1 billion; up 12%
Full Year 2012 Operating Income: $530.2 million; up 19%
Full Year 2012 EPS: $2.59 vs. $2.11; up 23%
