Last10K.com

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

Hub Group, Inc.

CIK: 940942 Ticker: HUBG

 

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

announced financial results for the quarter and year ended December 31, 2015.

 

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.

 


The following information was filed by Hub Group, Inc. (HUBG) on Thursday, February 4, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Hub Group, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Hub Group, Inc..

Continue

Assess how Hub Group, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Hub Group, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Income And Comprehensive Income
Consolidated Statements Of Stockholders Equity
Amortization Expense (detail)
Business Segments
Business Segments (tables)
Business Segments - Additional Information (detail)
Capital Structure
Capital Structure - Additional Information (detail)
Carrying Amount Of Goodwill (detail)
Components Of Other Intangible Assets (detail)
Description Of Business And Summary Of Significant Accounting Policies
Description Of Business And Summary Of Significant Accounting Policies (policies)
Description Of Business And Summary Of Significant Accounting Policies - Additional Information (detail)
Earnings Per Share
Earnings Per Share (tables)
Employee Benefit Plans
Employee Benefit Plans - Additional Information (detail)
Fair Value Measurement
Fair Value Measurement - Additional Information (detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Additional Information (detail)
Guarantees
Guarantees - Additional Information (detail)
Impairment Of Software
Impairment Of Software - Additional Information (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Leases, User Charges And Commitments
Leases, User Charges And Commitments (tables)
Leases, User Charges And Commitments - Additional Information (detail)
Leases, User Charges And Commitments - Future Payments Due (detail)
Legal Matters
Legal Matters - Additional Information (detail)
Long-term Debt And Financing Arrangements
Long-term Debt And Financing Arrangements (tables)
Long-term Debt And Financing Arrangements - Additional Information (detail)
Property And Equipment
Property And Equipment (detail)
Property And Equipment (tables)
Property And Equipment - Additional Information (detail)
Reconciliation Of Earnings Per Share (detail)
Reconciliation Of Effective Tax Rate To Federal Statutory Tax Rate (detail)
Schedule Of Assets (detail)
Schedule Of Outstanding Debt (detail)
Schedule Of Outstanding Debt (parenthetical) (detail)
Selected Quarterly Financial Data (unaudited)
Selected Quarterly Financial Data (unaudited) (tables)
Selected Quarterly Financial Data (unaudited) - Summary Of Selected Quarterly Financial Data (detail)
Stock Buy Back Plans
Stock Buy Back Plans (tables)
Stock Buy Back Plans - Additional Information (detail)
Stock Buy Back Plans - Number Of Shares Purchased And Maximum Value Of Shares That Yet Be Purchased Under Plan (detail)
Stock-based Compensation Plans
Stock-based Compensation Plans (tables)
Stock-based Compensation Plans - Additional Information (detail)
Stock-based Compensation Plans - Restricted Stock Granted (detail)
Stock-based Compensation Plans - Schedule Of Non-vested Restricted Stock Activity (detail)
Subsequent Event
Subsequent Event - Additional Information (detail)
Summary Of Aggregate Principal Payments (detail)
Summary Of Deferred Tax Assets And Liabilities (detail)
Summary Of Operating Results (detail)
Summary Of Provision For Income Taxes (detail)
Summary Of Revenue By Segment And Business Line (detail)
Unrecognized Tax Benefits (detail)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (detail)
Ticker: HUBG
CIK: 940942
Form Type: 10-K Annual Report
Accession Number: 0001564590-16-013549
Submitted to the SEC: Fri Feb 26 2016 4:14:19 PM EST
Accepted by the SEC: Fri Feb 26 2016
Period: Thursday, December 31, 2015
Industry: Arrangement Of Transportation Of Freight And Cargo

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/hubg/0001564590-16-013549.htm