Hub group, inc. reports fourth quarter 2023 results

Highlights:         completed 2:1 stock split; q4 diluted earnings per share (eps) presented post-split of $0.46 and $2.62 for the full year adjusting for acquisition related expenses of $5.1 million, q4 adjusted eps (non-gaap) of $0.54 and $2.68 for full year full year revenue of $4.2 billion; fourth quarter revenue of $1.0 billion gaap quarterly operating income of $29 million (3.0% of revenue) significantly increased our final mile business heading into 2024 through the acquisition of forward air final mile (“fafm”) executing on capital allocation plan including $26 million of shares purchased during the quarter introduced 2024 outlook with expected revenue of $4.6 billion to $5.0 billion and diluted eps of $2.00 to $2.50 oak brook, ill., feb. 01, 2024 (globe newswire) --  hub group, inc. (nasdaq:hubg) announced fourth quarter 2023 net income of $29 million, and diluted earnings per share of $0.46.
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