Hub Group (HUBG) Shares Up 7% on Strong Q4 Beat and 2022 Outlook
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Hub Group, Inc. Reports Fourth Quarter and Full Year 2021 Results
February 8, 2022 4:05 PM ESTHighlights:Â Â Â Â Â
Strong freight demand conditions, combined with the attractive value proposition of our service offerings, led to record quarterly revenue of $1.3 billion, up 32% as compared to last year; full year revenue grew 21% to a record $4.2 billionRecord quarterly and annual gross margin of $213 million (16.9% of revenue) and $600 million (14.2%), respectively, driven by favorable pricing and yield management, combined with our continued focus on operating efficiency, resulted in fourth quarter and full year operating income margin of 9.3% and 5.6% of revenue,... More