J.B. Hunt Transport Services (JBHT) investor relations material

Executive summary

• Delivered strong year-over-year financial and operational improvements, outperforming the market in a challenging environment.

• First quarter 2026 revenue rose 5% year-over-year to $3.06 billion, with net earnings up 20% to $141.6 million and EPS up 27% to $1.49 per diluted share.

• Operating income increased 16% to $207.0 million, driven by higher revenue, cost elimination initiatives, and improved productivity.

• Gained market share through disciplined execution, high service levels, and customer retention.

• Focused on disciplined growth, operational excellence, and leveraging investments in people, technology, and capacity.

Financial highlights

• Total revenue increased 5% year-over-year; operating income rose 16%; diluted EPS up 27%.

• Operating revenue excluding fuel surcharge increased 3% year-over-year.

• Margins expanded by 70 basis points year-over-year despite inflationary pressures and adverse weather.

• Over $30 million in structural costs eliminated in the quarter, progressing toward a $100 million annual target.

• Net interest expense decreased 4% due to lower debt and interest rates.

Outlook and guidance

• Expect continued benefit from investments in technology and capacity, especially in intermodal.

• Guidance for net CapEx remains $600 million–$800 million for the year.

• Annual tax rate for 2026 expected between 24.0% and 25.0%.

• Anticipate further margin restoration as pricing improves and cost initiatives continue.