Hub Group Inc (HUBG) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

EX. 99.1

Hub Group, Inc. Reports Record Fourth Quarter 2015 Earnings & Announces Share Repurchase Program

OAK BROOK, IL, February 3, 2016, -- Hub Group, Inc. (NASDAQ: HUBG) today

Hub Group reported net income of $22.4 million for the fourth quarter ended December 31, 2015 compared to $16.4 million in the fourth quarter of 2014.  Hub Group’s diluted earnings per share was $0.63 in the fourth quarter of 2015 compared to earnings per share of $0.45 in fourth quarter of 2014.    Hub Group’s revenue decreased 3% to $890 million compared to fourth quarter 2014 revenue.  The revenue decline related primarily to lower fuel revenue.

The Hub segment’s revenue decreased 4% to $669 million compared to fourth quarter 2014 revenue.  Fourth quarter intermodal revenue decreased 4% to $446 million.  Truck brokerage revenue increased 6% to $89 million this quarter.  Fourth quarter Unyson Logistics revenue decreased 10% to $134 million.  Operating income was $28.4 million, an increase of 49% compared to the prior year period.

The Mode segment’s revenue decreased 1% to $242 million compared to fourth quarter 2014 revenue.  Operating income was $6.9 million, an increase of 22% compared to the prior year period.

Hub Group, Inc. announced today that the Board of Directors has authorized the purchase of up to $100 million of its Class A common stock.  This authorization expires in December 2016.

FULL YEAR 2015

Income for the year ended December 31, 2015 was $71 million.  Hub Group's diluted earnings per share for 2015 was $1.97.  Full year 2015 pre-tax income included one-time costs of $2.3 million including a $1.4 million Canadian currency translation loss and $0.9 million of severance in the first quarter.  Excluding the effects of these items, non-GAAP earnings per share was $2.01 for the year (see table below).    Hub Group’s revenue decreased 1% to $3.5 billion.

Hub Group ended the quarter with $208 million in cash.

CONFERENCE CALL

Hub will hold a conference call at 5:00 p.m. Eastern Time on Wednesday, February 3, 2016 to discuss its fourth quarter and full year 2015 results and provide 2016 guidance.  

Hosting the conference call will be Dave Yeager, Chairman and Chief Executive Officer.  Also participating on the call will be Don Maltby, President and Chief Operating Officer, and Terri Pizzuto, Executive Vice-President and Chief Financial Officer.

This call is being webcast and can be accessed through the Investors link on Hub Group’s Web site at www.hubgroup.com.  The webcast is listen-only.  Those interested in participating in the question and answer session should follow the telephone dial-in instructions below.

To participate in the conference call by telephone, please register at http://www.yourconferencecenter.com/r.aspx?p=1&a=UPglXcxOTHkGPE. Registrants will be issued a passcode and PIN to use when dialing into the live call which will provide quickest access to the conference.  You may register at any time, including up to and after the call start time.  On the day of the call, dial (888) 771-4371 approximately ten minutes prior to the scheduled call time; enter the participant passcode and PIN received during registration.   The call will be limited to 60 minutes, including questions and answers.

An audio replay will be available through the Investors link on the Company's Web site at www.hubgroup.com. This replay will be available for 30 days.