Hub Group’s Q1 revenue declines 8% to $915M

Hub Group decreased by 8 % on an annual basis in total revenue in the first quarter, to 915.2 million dollars. He cited the low demand and a decrease in multimedia revenues for each load.

The transfer provider reported the profits of the first quarter of one share of 44 cents, in line with the profitability of the stock in the same period last year.

“Our customers have taken different curricula to manage the implementation of definitions, with the majority of waiting and vision approach, while others pulled the stock forward depending on the end markets, types of products and the origin of their ready -made goods,” said Phil Yiger, head of the Hub Group, during the profit call. “It is still unclear, what are the close and long -term effects because many of our customers have diversified the base of the sellers and supply chains to ensure liquidity through these possible disorders.”

Oak Brook, Hub Group in Illinois (NASDAQ: Hubg) is an provider of transportation and logistics management solutions.

Hub Group missed Wall Street’s expectations of $ 966 million, but overcame the arrow profit predictions of 42 cents per share.

The company reduced its expectations for the year 2025 for the entire year, as the profits of one share range from $ 1.75 to $ 2.25. The entire year’s revenues are expected to range from $ 3.6 billion to $ 4 billion.

The previous Group for the year 2025 in the EPS group from $ 1.90 to $ 2.40 and revenues from $ 4 billion to $ 4.3 billion.

Financial Director Kevin Pitt said that the low side of the company’s 2025 expectations will be due to an extensive slowdown in China’s imports and/or weakening consumer spending.

“Our assumptions at the end of the range include either a short slowdown on the western coast of China’s Imports or a strong demand for demand in the West Coast, which leads to an increase in volume in the back half of the year that allows increased pricing for additional materials for the season,” said Beth.

The revenues of the transportation solutions sector in the first quarter of the first quarter amounted to 530 million dollars, compared to $ 552 million in the previous year.

Yiger said that the company did not witness any significant decrease in the West Coast in size, as imports from China slowed due to the impact of definitions.

“We haven’t seen the slowdown that is clearly expected, but at this point, it does not appear in our data,” Yigger said. ))