Item
7.01 Regulation FD Disclosure
Hub
Group, Inc. (the “Company”) has traditionally provided annual earnings guidance
at the time of its quarterly earnings release. The Company believes,
consistent with past practice, that it is too early to update its annual
earnings guidance. In addition, in light of the current economic
situation, it is particularly difficult to provide accurate
guidance. However, to aid the investor in evaluating the possible
financial performance of the Company in this uncertain economic environment, the
Company is providing an estimate of what earnings could be based on certain
assumed intermodal volume and pricing levels. Assuming intermodal
volume is down between 5% and 10% and intermodal pricing excluding fuel is down
between 1% and 5% for the remainder of the year, the Company estimates that
diluted earnings per share for the year will be in the range of $0.78 -
$1.23. The Company is not predicting that intermodal volume and
pricing will necessarily decline within these ranges nor should this range be
interpreted as earnings guidance. Rather, the foregoing illustrates
the impact of certain key variables on the Company’s earnings.
CERTAIN
FORWARD-LOOKING STATEMENTS: Statements in this filing that are not historical,
including statements about Hub Group's or management's intentions, beliefs,
expectations, representations, projections, plans or predictions of the future,
are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are inherently
uncertain and subject to risks. Such statements should be viewed with caution.
Actual results or experience could differ materially from the forward-looking
statements as a result of many factors. Factors that could cause actual results
to differ materially include the factors listed from time to time in Hub Group's
SEC reports including, but not limited to, the annual report on Form 10-K for
the year ended December 31, 2008. The Company assumes no responsibility to
update any such forward-looking statements.
Item 8.01. Other
Events.
On March
23, 2009, the Company issued a press release announcing first quarter 2009
earnings guidance. This press release is furnished as Exhibit 99.1 to
this Form 8-K.
Item 9.01 FINANCIAL STATEMENTS AND
EXHIBITS
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(a) Not
Applicable.
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(b) Not
Applicable.
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(c) Not
Applicable.
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(d) A
list of exhibits filed herewith is contained on the
Exhibit
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Index which immediately precedes such exhibits and is |
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incorporated herein by reference. |
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.