Hunt J B Transport Services (JBHT) has reported 0.69 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $117.56 million, or $1.05 a share in the quarter, compared with $116.75 million, or $1.01 a share for the same period last year. Revenue during the quarter grew 6.17 percent to $1,721.06 million from $1,621.02 million in the previous year period. Gross margin for the quarter contracted 171 basis points over the previous year period to 44.66 percent. Total expenses were 88.71 percent of quarterly revenues, up from 88.10 percent for the same period last year. That has resulted in a contraction of 61 basis points in operating margin to 11.29 percent.
Operating income for the quarter was $194.36 million, compared with $192.89 million in the previous year period.
Working capital increasesHunt J B Transport Services has recorded an increase in the working capital over the last year. It stood at $372.55 million as at Dec. 31, 2016, up 13.95 percent or $45.60 million from $326.95 million on Dec. 31, 2015. Current ratio was at 1.65 as on Dec. 31, 2016, up from 1.61 on Dec. 31, 2015. Debt comes down marginally
Hunt J B Transport Services has recorded a decline in total debt over the last one year. It stood at $986.28 million as on Dec. 31, 2016, down 1.17 percent or $11.73 million from $998 million on Dec. 31, 2015. Hunt J B Transport Services has recorded a decline in long-term debt over the last one year. Total debt was 25.76 percent of total assets as on Dec. 31, 2016, compared with 27.44 percent on Dec. 31, 2015. Debt to equity ratio was at 0.70 as on Dec. 31, 2016, down from 0.77 as on Dec. 31, 2015. Interest coverage ratio deteriorated to 33.08 for the quarter from 44.96 for the same period last year. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
