- Adjusted EBITDA was $85 million, adjusted EPS was $0.45, down from $0.47 in Q2 2024.
- Adjusted operating income decreased 7% year-over-year, but operating margin improved by 10 basis points to 4.1%.
- Cash flow from operations for the first half of 2025 was $132 million; capital expenditures totaled $11 million in Q2.
- Hub Group reported second quarter 2025 revenue of $906 million, down 8% year-over-year and 1% sequentially.
- ICS operating margin improved 30 basis points to 2.7%, while Logistics margin remained stable at 5.6%.
- ICS revenue declined 6% to $528 million, driven by 2% intermodal volume growth offset by lower revenue per load and dedicated revenue declines.
- Logistics revenue decreased 12% to $404 million due to lower brokerage volumes and revenue per load, exiting unprofitable business, and subseasonal demand.
- Net debt was $96 million, or 0.3x adjusted EBITDA, below the target range of 0.75x to 1.25x.
- Purchased transportation and warehousing costs fell by $71 million, improving cost control and reducing rail and warehouse expenses.
- Returned $29 million to shareholders through dividends and stock repurchases in the first half of 2025.
- Salaries and benefits increased slightly by $1 million due to additional drivers and warehouse staff.
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Dafinchi