8-K
filed April 27, 2023, 7:59 PM ET
ticker ULH
CIK 0001308208
earnings
confidence high
sentiment negative
materiality 0.75
Universal Logistics Q1 2023 EPS $0.95, revenue $437.4M, down 16.5% YoY; dividend $0.105
UNIVERSAL LOGISTICS HOLDINGS, INC.
2023-Q1 EPS reported
$0.95
revenue$437,396,000
- Net income $24.9M ($0.95 per share) vs $42.0M ($1.56) YoY; operating income $38.2M, down 34%.
- Contract logistics revenue up 4.8% to $211.3M, op margin 13.1%; intermodal rev down 29.6%, trucking down 18.2%, brokerage down 47.9%.
- Board elected Marcus D. Hudson as director effective April 27, 2023.
- First quarter results included $1.2M pre-tax charge for settlement of auto liability claim.
- Cash dividend $0.105 per share payable July 3, 2023 to holders of record June 5, 2023.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
UNIVERSAL LOGISTICS HOLDINGS, INC. reported first quarter 2023 results: revenue $437.4 million, net income $24.9 million, EPS $0.95 per basic and diluted share.
- Period
- first quarter 2023
- Revenue
- $437.4 million
- Net income
- $24.9 million
- EPS
- $0.95 per basic and diluted share
- Result
- reported results
Exact text from the filing
Universal Logistics Holdings, Inc. (NASDAQ: ULH) today reported consolidated first quarter 2023 net income of $24.9 million, or $0.95 per basic and diluted share, on total operating revenues of $437.4 million.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Marcus D. Hudson was elected as director at UNIVERSAL LOGISTICS HOLDINGS, INC..
- Action
- elected
- Role
- director
Exact text from the filing
On April 26, 2023, the Company’s board of directors elected Marcus D. Hudson as a director of the Company effective April 27, 2023 until its next annual meeting of shareholders.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
UNIVERSAL LOGISTICS HOLDINGS, INC. shareholders approved Ratification of Grant Thornton LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-04-26 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Ratification of Grant Thornton LLP as Universal’s Independent Registered Public Accounting Firm The results of the voting were 25,682,144 votes for, 76,648 votes against, and 652 abstentions. There were no non-votes on this matter.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
UNIVERSAL LOGISTICS HOLDINGS, INC. shareholders approved Frequency of future shareholder advisory votes regarding compensation awarded to named executive officers at the 2023-04-26 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Frequency of Future Shareholder Advisory Votes Regarding Compensation Awarded to Named Executive Officers The results of the voting were 20,325,848 votes for every three years, 14,966 votes for every two years, 4,876,358 votes for every one year, 8,352 abstentions, and no non-votes.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
UNIVERSAL LOGISTICS HOLDINGS, INC. shareholders approved Election of ten directors to hold office until the next annual meeting of shareholders or until their respective successors have been duly elected and qualified. at the 2023-04-26 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Election of Directors Nominee For Withheld Grant E. Belanger 21,043,966 4,181,558 Frederick P. Calderone 20,921,816 4,303,708 Daniel J. Deane 21,013,618 4,211,906 Clarence W. Gooden 21,697,425 3,528,099 Matthew J. Moroun 20,394,781 4,830,743 Matthew T. Moroun 20,034,907 5,190,617 Tim Phillips 20,364,039 4,861,485 Michael A. Regan 21,697,233 3,528,291 Richard P. Urban 20,428,320 4,797,204 H.E. "Scott" Wolfe 20,904,733 4,320,791 There were 533,920 broker non-votes with respect to this proposal.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
UNIVERSAL LOGISTICS HOLDINGS, INC. shareholders approved Advisory vote on the 2022 compensation of our named executive officers at the 2023-04-26 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Advisory Vote on the 2022 Compensation of our Named Executive Officers The results of the voting were 25,040,757 votes for, 172,655 votes against, 12,112 abstentions, and 533,920 non-votes.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.