Hub Group, Inc. (NASDAQ:HUBG) Q3 2023 Earnings Conference Call October 26, 2023 5:00 PM ET
Company Participants
Phil Yeager – President and Chief Executive Officer
Brian Alexander – Chief Operating Officer
Geoff DeMartino – Chief Financial Officer
Conference Call Participants
Scott Group – Wolfe Research
Jon Chappell – Evercore ISI
Jason Seidl – Cowen and Company
Brian Ossenbeck – J.P. Morgan
Bascome Majors – Susquehanna Financial Group
Justin Long – Stephens
Bruce Chan – Stifel
Thomas Wadewitz – UBS
Christyne McGarvey – Morgan Stanley
David Zazula – Barclays
Operator
Hello, and welcome to the Hub Group Third Quarter 2023 Earnings Conference Call. Phil Yeager, Hub's President and CEO; Brian Alexander, Hub's Chief Operating Officer and Geoff DeMartino, Hub's CFO, are joining me on the call.
At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] Any forward-looking statements made during the course of the call or contained in the release represent the Company's best good faith judgment as to what may happen in the future. Statements that are forward-looking can be identified by the use of words such as believe, expect, anticipate and project and variations of these words. Please review the cautionary statements in the release.
In addition, you should refer to the disclosures in the Company's Form 10-K and other SEC filings regarding factors that could cause actual results to differ materially from those projected in these forward-looking statements. As a reminder, this conference is being recorded.
It is now my pleasure to turn the call over to your host, Phil Yeager. You may now begin.
Phil Yeager
Good afternoon and thank you for joining Hub Group's third quarter earnings call. Joining me today are Brian Alexander, Hub Group's Chief Operating Officer, and Geoff DeMartino, our Chief Financial Officer.
Over the past few years, we have transformed our earnings, returns and free cash flow profile through a clear strategy of organic investment into our core business while enhancing capital efficiency through technology deployment and accretive non-asset-based acquisitions.
In ITS, we have created a less asset-intensive model that provides industry-leading service and value while becoming more efficient through enhancements to our drayage and dedicated operations. In logistics, we have built a service leading end-to-end solution for our customers that provides best-in-class scale and technology. This evolution of our business has resulted in Hub Group being a more diversified and resilient company with an improved customer experience as well as significant free cash generation.