Hub Group to Restate Earnings, Sees FY26 Rev. ~$3.65b-$3.95b

Hub Group to restate its earnings for the first three quarters of 2025 due to an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025.

• Company sees total amount of reduction to accounts payable and purchased transport costs related to the error of $77 million
  • Sees transport and warehousing cost for first nine months increasing
• Preliminary 2026 revenue guidance of about $3.65 billion to $3.95 billion, estimate $3.79 billion
  • Sees 2026 capital expenditures about $35 million to $45 million

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