Hub Group, Inc. (HUBG) Tops Q2 EPS by 16c
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Hub Group, Inc. Reports Second Quarter 2020 Results
July 30, 2020 4:06 PM EDTHighlights:Â
Improving freight volumes as the quarter progressed, coupled with revenue enhancement and profit improvement initiatives, as well as strong cost performance, resulted in net income of $13.2 million or $0.39 of diluted earnings per share in the quarter; EBITDA (non-GAAP)(1) for the quarter was $52 million; net income includes $7.0 million, or $0.21 per share, of donation, consulting and severance expenses Resilient operating model resulted in Net Cash provided by Operating Activities of $71 million for the quarter, with solid liquidity at quarter end including $203 million in cash and cash equivalents after repayment of $100 million on... More