Hub Group anticipates receiving a delisting notification from Nasdaq after missing a Monday deadline to comply with the exchange's financial reporting requirements, following delays in submitting its financial reports tied to an accounting error identified earlier this year. The company said it will request a hearing to keep its stock listing intact and plans to seek a further extension of the filing requirements, noting that the hearing request automatically stays a delisting for 15 calendar days and that the process can take approximately 30 to 45 days to commence. Hub Group announced in February that it had identified a $77-million understatement in purchased transportation expenses during the first three quarters of 2025, and in May said "prematurely or incorrectly recognized" transactions were also discovered during 2023 and 2024, meaning those periods along with the first three quarters of 2025 would need to be restated; it plans to complete the restatement and file results for the outstanding periods during the fourth quarter. In a separate release, the company said Dave Yeager has returned as chairman and CEO, with Phil Yeager continuing as president and vice chairman, and that Patrick O'Donnell will become chief financial officer once the restatement process is complete and full-year 2025 results are filed, while interim CFO Todd Heeter continues in his current role through the restatement. Hub Group lowered its full-year 2026 revenue guidance range to $3.6 billion to $3.8 billion, down 3% from its prior outlook of $3.65 billion to $3.95 billion, and said it expects an operating loss for the 2026 first half before one-time charges, with first-half revenue likely in a range of $1.7 billion to $1.8 billion. Shares of HUBG were off 6.2% in early trading on Monday compared to the S&P 500, which was down 0.6%.
Hub Group IncHub Group cut its full-year 2026 revenue guidance and expects a first-half operating loss.
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