Johnson Controls, J.B. Hunt report earnings
Two companies with significant midstate operations announced quarterly earnings Thursday.
Arkansas-based trucking company J.B. Hunt Transport Services Inc., which has a terminal in Swatara Township, reported record fourth-quarter net earnings of $91.9 million, or 77 cents per diluted share, compared with $84 million, or 70 cents per diluted share, in the same quarter of 2012.
The company cited greater load volumes, including 13 percent growth in its intermodal segment, and a lower cost of borrowing.
Most of J.B. Hunt’s business in the Harrisburg area is taking containers off Norfolk Southern trains at the Harrisburg and Rutherford rail yards to drive them to warehouses or stores.
For the year, J.B. Hunt recorded net income of $342.4 million, or $2.87 per diluted share, compared with $310.4 million, or $2.59 per diluted share in 2012.
Analysts had expected 79 cents per diluted share in the fourth quarter and $2.89 for the year, according to Yahoo Finance.
• • •
Milwaukee-based Johnson Controls Inc., which has operations in York County, reported net income of $469 million, or 69 cents per diluted shared, compared with net income of $359 million, or 52 cents per diluted share, in the fiscal first quarter of 2013.
Analysts had expected 69 cents per diluted share, according to Yahoo Finance.
Johnson Controls is a global company creating products and services for the energy and operational efficiencies of buildings, batteries for vehicles and interior systems for automobiles.
The company is building a new campus in southern York County estimated to cost more than $150 million.