EX-99.1 2 exh_991.htm EXHIBIT 99.1

Exhibit 99.1

HUB GROUP, INC.

CONSOLIDATED STATEMENTS OF EARNINGS

(in thousands, except per share amounts)

(unaudited)

		Three Months Ended,
		March 31, 2018								June 30, 2018
						% of								% of
		Amount				Revenue				Amount				Revenue
Revenue		$	837,342				100.0	%		$	894,734				100.0	%
Transportation costs			746,303				89.1	%			793,743				88.7	%
Gross margin			91,039				10.9	%			100,991				11.3	%
Costs and expenses:
Salaries and benefits			52,304				6.3	%			54,069				6.0	%
General and administrative			18,437				2.2	%			17,793				2.0	%
Depreciation and amortization			3,763				0.4	%			3,723				0.4	%
Total costs and expenses			74,504				8.9	%			75,585				8.4	%
Operating income			16,535				2.0	%			25,406				2.9	%
Other income (expense):
Interest expense			(2,103	)			-0.3	%			(2,187	)			-0.2	%
Interest and dividend income			11				0.0	%			14				0.0	%
Other, net			(50	)			0.0	%			(182	)			0.0	%
Total other expense			(2,142	)			-0.3	%			(2,355	)			-0.3	%
Income from continuing operations before income taxes			14,393				1.7	%			23,051				2.6	%
Provision for income taxes			3,324				0.4	%			5,897				0.7	%
Income from continuing operations			11,069				1.3	%			17,154				1.9	%
Income from discontinued operations, net of income taxes			5,099								4,897
Net income		$	16,168							$	22,051
Earnings per share from continuing operations
Basic		$	0.33							$	0.51
Diluted		$	0.33							$	0.51
Earnings per share from discontinued operations
Basic		$	0.15							$	0.15
Diluted		$	0.15							$	0.15
Earnings per share net income
Basic		$	0.48							$	0.66
Diluted		$	0.48							$	0.66
Basic weighted average number of shares outstanding			33,375								33,389
Diluted weighted average number of shares outstanding			33,478								33,562