ATLANTA, Feb. 06, 2026 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Hub Group, Inc. (“Hub Group” or the “Company”) (NASDAQ: HUBG) complied with federal securities laws. On February 5, 2026, Hub Group disclosed that “the Company identified an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025.” Following this news, the price of the Company’s stock dropped. If you purchased Hub Group stock and suffered a loss o ...

AUSTIN, Texas--(BUSINESS WIRE)--Highful Law PLLC announces investigation into Hub Group, Inc. (NASDAQ:HUBG). ...

PresentationHello, and welcome to the Hub Group Preliminary Fourth Quarter and Full Year 2025 Results Conference Call. It is now my pleasure to turn the call over to the company. You may now begin.Unknown Executive Hello, and welcome to the Hub Group Preliminary Fourth Quarter and Full Year 2025 Results Conference Call. Joining on the call are Phil Yeager, Hub Group's President, Chief Executive Officer and Vice Chairman; and Kevin Beth, Chief Financial Officer and Treasurer. Statements made on this call th ...

Financial Data and Key Metrics Changes - Preliminary consolidated operating revenue for 2025 is expected to be $3.7 billion, a 7% decrease compared to the prior year [32] - Preliminary operating cash flow for 2025 is approximately $194 million [11][37] - Debt at December 31, 2025, totaled approximately $229 million, resulting in net debt of approximately $116 million, a decrease of about $50 million compared to December 31, 2024 [38] Business Line Data and Key Metrics Changes - ITS segment operating revenue for 2025 is expected to be around $2.2 billion, reflecting a low single-digit year-over-year decrease [33] - Logistics segment operating revenue for 2025 is projected to be approximately $1.6 billion, with a high single-digit year-over-year decrease [34] - Brokerage volumes declined 10% year-over-year in the fourth quarter, with revenue per load down 4% [21] Market Data and Key Metrics Changes - Intermodal volume growth was 1% year-over-year in the fourth quarter, with refrigerated volumes increasing by 150% and Mexico volumes up 33% [13] - Market conditions have remained tighter due to weather, with opportunities for spot market support [22] - Demand and inventory levels remain balanced, with consumer resilience noted [25] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet and cash flow profile while investing in equipment, technology, and acquisitions [10] - Capital allocation includes a disciplined approach to capital deployment, returning capital to shareholders through dividends and share repurchases, and evaluating M&A opportunities [28][42] - The company aims to support growth with customers and improve network balance to reduce backhaul costs [17] Management's Comments on Operating Environment and Future Outlook - Management noted that the last year was a continuation of a challenging market cycle, but the company performed well by controlling costs and delivering record service levels [10] - There are positive trends in the marketplace as reflected in improving ISM New Orders and spot market activity [45] - The company believes it is well-positioned for growth in 2026 and beyond, despite some uncertainty in the near term [29][26] Other Important Information - An accounting error was identified that resulted in an understatement of purchased transportation costs and accounts payable, with a total reduction of $77 million recorded during the first nine months of 2025 [31] - The company plans to restate quarterly financial information for Q1, Q2, and Q3 2025 in its 2025 Form 10-K [32] Q&A Session Summary Question: What is the outlook for the intermodal segment in 2026? - Management expressed optimism regarding the 2026 bid cycle, driven by strong service performance and customer engagement [15][16] Question: How is the company addressing the challenges in the dedicated segment? - The company is focusing on operational discipline and service improvements to offset revenue declines from lost sites [18] Question: What are the expectations for capital expenditures in 2026? - Capital expenditures are projected to be between $35 million and $45 million, focusing on technology projects and opportunistic replacements for tractors [41]

Financial Data and Key Metrics Changes - Preliminary consolidated operating revenue for 2025 is expected to be $3.7 billion, a 7% decrease from the prior year [32] - Preliminary operating cash flow for 2025 is approximately $194 million [11][37] - Debt as of December 31, 2025, totaled approximately $229 million, resulting in net debt of approximately $116 million, a decrease of about $50 million compared to December 31, 2024 [38] Business Line Data and Key Metrics Changes - ITS segment operating revenue for 2025 is expected to be around $2.2 billion, reflecting a low single-digit year-over-year decrease [33] - Logistics segment operating revenue for 2025 is projected to be approximately $1.6 billion, showing a high single-digit year-over-year decrease [34] - Brokerage volumes declined 10% year-over-year in Q4, with revenue per load down 4% [21] Market Data and Key Metrics Changes - Intermodal volume increased 1% year-over-year in Q4, with refrigerated volumes up 150% and Mexico volumes up 33% [13] - Market conditions are described as tighter due to weather and regulatory enforcement, with signs of tightening capacity [24][26] - Demand and inventory levels remain balanced, with consumer resilience noted [25] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet and cash flow while investing in equipment, technology, and acquisitions [10] - Capital allocation includes a disciplined approach to capital deployment, returning capital to shareholders through dividends and share repurchases, and evaluating M&A opportunities [28][42] - The company aims to support growth with customers and improve network balance to reduce backhaul costs [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a challenging market cycle in 2025 but expresses optimism for 2026, citing improving market conditions and customer engagement [10][45] - The company is well-positioned for growth due to its service quality, financial flexibility, and ongoing strategic investments [26][27] - There is cautious optimism among shippers, with potential benefits from stimulus measures countering inflationary pressures [17] Other Important Information - An accounting error was identified that resulted in the understatement of purchased transportation costs and accounts payable, with a total reduction of $77 million recorded [30][31] - The company plans to restate quarterly financial information for Q1, Q2, and Q3 2025 in its 2025 Form 10-K [32] Q&A Session Summary - No specific questions or answers from the Q&A session were provided in the content.

Financial Data and Key Metrics Changes - Preliminary consolidated operating revenue for 2025 is expected to be $3.7 billion, a 7% decrease compared to the prior year [17] - Preliminary operating cash flow for 2025 is approximately $194 million [6][19] - Debt at December 31, 2025, totaled approximately $229 million, resulting in net debt of approximately $116 million, a decrease of approximately $50 million compared to December 31, 2024 [20] Business Line Data and Key Metrics Changes - ITS segment operating revenue for 2025 is expected to be approximately $2.2 billion, reflecting a low single-digit year-over-year decrease during the fourth quarter [18] - Logistics segment operating revenue for 2025 is expected to be approximately $1.6 billion, with a high single-digit year-over-year decrease during the fourth quarter [18] - Brokerage volumes declined 10% year-over-year in the fourth quarter, with revenue per load down 4% [12] Market Data and Key Metrics Changes - Intermodal volume growth was 1% year-over-year in the fourth quarter, with refrigerated volumes increasing by 150% and Mexico volumes increasing by 33% [7] - Market conditions remain fluid, with tightening capacity conditions later in the quarter due to lower driver supply and weather disruptions [19] - Demand from shippers is cautiously optimistic, with potential benefits from stimulus measures countering lingering inflationary pressure [10] Company Strategy and Development Direction - The company remains focused on controlling costs, enhancing service levels, and investing in technology and acquisitions [6][14] - Capital allocation plan emphasizes investing in business growth, returning capital to shareholders, and evaluating M&A opportunities [15][22] - The company aims to maintain a strong balance sheet and financial flexibility to support long-term growth [14][20] Management's Comments on Operating Environment and Future Outlook - Management noted that freight market conditions remain challenging but are seeing positive trends as 2026 begins, with improving ISM New Orders and spot market activity [24] - The company believes it is well-positioned to support customers in an evolving environment and is optimistic about growth opportunities [13][14] - There is uncertainty in the near term, but the company sees drivers creating an exciting backdrop for growth in 2026 and beyond [15][24] Other Important Information - A calculation error was identified that resulted in the understatement of purchased transportation costs and accounts payable, with a total reduction of $77 million recorded during the first nine months of 2025 [4][16] - The company plans to restate quarterly financial information for Q1, Q2, and Q3 2025 in its 2025 Form 10-K [17] Q&A Session Summary Question: What is the outlook for intermodal volume growth in 2026? - Management expressed optimism regarding intermodal volume growth in 2026, driven by strong service performance and consolidation with rail partners [9] Question: How is the company addressing the challenges in the brokerage segment? - Management indicated that while brokerage volumes are under pressure, productivity has improved significantly due to investments in technology and restructuring [12] Question: What are the expectations for capital expenditures in 2026? - The company expects capital expenditures to be between $35 million and $45 million, focusing on technology projects and opportunistic replacements for tractors [21]

Financial Results - Hub Group, Inc. announced preliminary results for the full year and fourth quarter ended December 31, 2025, on February 5, 2026[4]. Financial Misstatements - The company identified an error leading to the understatement of purchased transportation costs and accounts payable for the first nine months of 2025[6]. - The Audit Committee concluded that the unaudited consolidated financial statements for Q1, Q2, and Q3 2025 were materially misstated and should no longer be relied upon[7]. - The company is assessing the potential impact of the error on its consolidated financial statements for the years ended December 31, 2024 and 2023[8]. Internal Controls - Hub Group expects to conclude that it did not maintain effective disclosure controls and procedures for the year ended December 31, 2025[9]. - The company is continuing to evaluate the effectiveness of its internal control over financial reporting and appropriate remediation steps[9]. Audit and Consultation - Management discussed the matters with Ernst & Young LLP, the company's independent registered public accounting firm[10]. Forward-Looking Statements - Forward-looking statements regarding the anticipated scope of the restatement of financial statements were provided, indicating potential changes in estimates[14].

Core Viewpoint - Hub Group, Inc. announced preliminary financial results for Q4 and full year 2025, revealing strong operating cash flows and revenue performance despite industry challenges, while also indicating a need to restate financial statements for the first three quarters of 2025 due to an error in accounting for transportation costs and accounts payable [2][3][12]. Financial Performance - Consolidated operating revenue for full year 2025 is expected to be approximately $3.7 billion, a decrease from $3.9 billion in 2024, aligning with previously communicated guidance [4]. - The ITS Segment operating revenue for 2025 is projected to be around $2.2 billion, with a 1% increase in intermodal volumes in Q4 and flat revenue per load year-over-year [5]. - The Logistics Segment operating revenue for 2025 is expected to be approximately $1.6 billion, reflecting softer demand in Q4, with brokerage volumes declining by 10% year-over-year [6]. Capital Expenditures and Shareholder Returns - Capital expenditures for 2025 totaled approximately $45 million, a decrease from the previous year due to lower spending on the tractor fleet [7]. - The company returned $44 million to shareholders in 2025 through $30 million in dividends and $14 million in stock repurchases, with $142 million remaining under its share repurchase authorization [8]. Financial Reporting Update - An error was identified that resulted in the understatement of purchased transportation costs and accounts payable by $77 million for the first nine months of 2025, necessitating a restatement of financial statements [9][11]. - The company does not expect any impact on total cash and cash equivalents or operating cash flows for any periods due to this error [11]. Preliminary Outlook for 2026 - For full year 2026, the company estimates revenue between $3.65 billion and $3.95 billion, with capital expenditures projected to be between $35 million and $45 million [10][13].

Core Insights - Albertsons Cos. has launched a new digital platform called Celebrations aimed at simplifying the planning of special life events [1] Company Overview - The Celebrations platform is designed to provide users with a faster, easier, and more inspiring way to plan significant moments in their lives [1]

Core Insights - Gen has launched the Gen Agent Trust Hub, a security platform aimed at ensuring safer adoption of autonomous AI agents like OpenClaw, which is crucial in the emerging AI Agentic Era [1][2][3] Company Overview - Gen is a global leader in digital security, operating trusted brands such as Norton, Avast, LifeLock, and MoneyLion, and is focused on empowering users with financial and cyber safety [1][7] Security Landscape - Gen Threat Labs has identified over 18,000 instances of OpenClaw exposed to the internet, with nearly 15% of the skills containing malicious instructions, indicating significant security vulnerabilities [3][4] - The shift in the threat landscape suggests that security failures are evolving from isolated incidents to persistent insider threats posed by trusted AI assistants [4] Gen Agent Trust Hub Features - The Gen Agent Trust Hub provides free safety tools for users of AI agents, including: - **Gen AI Skills Scanner**: A diagnostic tool that scans OpenClaw skill URLs for hidden logic, unauthorized data access, and malicious behavior [7] - **AI Skills Marketplace**: A curated repository of agent skills that are rigorously audited for security, offering a trusted alternative to public skill repositories [7] Future Outlook - The launch of OpenClaw marks the beginning of a new era of autonomous agents, with Gen committed to ensuring user safety as these technologies evolve [6]