Hub Group, Inc. Reports Record First Quarter 2013 Earnings

Hub Group, Inc. today announced financial results for the quarter ended March 31, 2013.


Hub Group reported record income of $15.4 million for the first quarter ended March 31, 2013, an increase of 12% compared to the first quarter of 2012.  Hub Group's diluted earnings per share was $0.42 for the first quarter of 2013, which represents an increase of 14% when compared with the prior year period.  Hub Group's revenue increased 4% to $769 million

The Hub segment's revenue increased 5% to $593 million.  First quarter intermodal revenue increased 6% to $427 million.  The increase was attributable to a 2% volume increase and a 4% increase for price, fuel and mix.  Truck brokerage revenue increased 4% to $84 million this quarter.  First quarter Unyson Logistics revenue increased 3% to $82 million.  The Hub segment's operating income was $21.2 million

The Mode segment's revenue was $187 million for the first quarter.  Operating income was $3.5 million, an increase of 37% compared to the prior year period.

Hub Group ended the quarter with $86 million in cash.

"We are pleased with our results, delivering a 14% increase in earnings per share and improving margins. We remain focused on managing our business units to deliver a profitable return for our shareholders," said David P. Yeager, Chairman and Chief Executive Officer of Hub Group.

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