The company said total operating revenue for Q3 2024 fell to $3.07 billion, down 3%, operating income declined to $224.1 million, down 7%, and diluted earnings per share were $1.49, below $1.80 a year earlier.

1. 01

   The company said total operating revenue for Q3 2024 fell to $3.07 billion, down 3%, operating income declined to $224.1 million, down 7%, and diluted earnings per share were $1.49, below $1.80 a year earlier.

2. 02

   The company cited lower gross revenue per load in Intermodal (JBI) and JBT, down 5% and 6% respectively, and lower load volume in ICS and DCS, down 10% and 6% respectively, as the main drivers of the revenue decline in Q3. It said JBI load growth of 5% partly offset these declines.

3. 03

   The company said the operating loss in its Integrated Capacity Solutions (ICS) segment narrowed in Q3 to $3.3 million from $9.4 million a year earlier, and that its gross profit margin was 17.9% compared with 12.8% a year earlier.

4. 04

   The company said it had approximately $1.53 billion of debt outstanding as of September 30, 2024. It repurchased approximately 1,200,000 shares of common stock for approximately $200 million in Q3, and approximately $967 million remained under its share repurchase authorization.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.