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Hub Group Inc
Hub Group, Inc. (HUBG) is a transportation management company that provides intermodal, truckload, and logistics services in North America. The company operates through three segments: Hub Group Intermodal, Hub Group Trucking, and Logistics.
As of the second quarter of 2021, Hub Group's revenue increased by 37.5% year-over-year to $1.1 billion, driven by an increase in intermodal and logistics volumes. The company's net income for the quarter was $46.4 million, or $1.22 per diluted share, compared to $29.2 million, or $0.76 per diluted share, in the second quarter of 2020.
In terms of growth, Hub Group has consistently grown its revenues and earnings over the past several years. The company has benefited from strong demand for intermodal and logistics services, as well as from acquisitions and strategic initiatives to expand its service offerings.
For example, in 2021, Hub Group completed the acquisition of CaseStack, a leading provider of supply chain management solutions for consumer goods companies. The acquisition is expected to enhance Hub Group's logistics capabilities and expand its presence in key markets.
Hub Group also has a strong track record of returning value to shareholders, with a dividend yield of approximately 1.5% as of August 2021 and a history of share buybacks. The company has a market capitalization of approximately $2.3 billion as of August 2021.
In summary, Hub Group is a well-established transportation management company with a diversified service offering, a proven track record of growth and profitability, and a commitment to returning value to shareholders.