J.B. Hunt Transport Services, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 19, 2017 at 06:21 pm IST
J.B. Hunt Transport Services, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total operating revenues of $1,721,062,000 compared to $1,621,015,000 a year ago. Operating income was $194,361,000 compared to $192,893,000 a year ago. The increase primarily reflects higher revenue in JBI, DCS and ICS business segments and a $15.2 million pre-tax, one-time benefit recorded to reflect a change in employee paid time off policy. Earnings before income taxes were $188,485,000 compared to $188,603,000 a year ago. Net earnings were $117,556,000 or $1.05 per diluted share compared to $116,746,000 or $1.01 per diluted share a year ago.
For the year, the company reported total operating revenues of $6,555,459,000 compared to $6,187,646,000 a year ago. Operating income was $721,020,000 compared to $715,694,000 a year ago. Earnings before income taxes were $695,797,000 compared to $690,203,000 a year ago. Net earnings were $432,090,000 or $3.81 per diluted share compared to $427,235,000 or $3.66 per diluted share a year ago. Book value per actual share outstanding at end of period was $12.70 compared to $11.41 a year ago. Net cash provided by operating activities was $854,143,000 compared to $873,308,000 a year ago. Net capital expenditures were $485,256,000 compared to $556,436,000 a year ago.