--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-23-015334" form_type: "8-K" ticker: "ULH" cik: "0001308208" company_name: "UNIVERSAL LOGISTICS HOLDINGS, INC." filed_at: "2023-04-27T23:59:59+00:00" generated_at: "2026-06-16T08:29:12.056722+00:00" event_type: "earnings" sentiment: "negative" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Universal Logistics Q1 2023 EPS $0.95, revenue $437.4M, down 16.5% YoY; dividend $0.105 ## Summary - 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. ## SEC filing metadata - accession: 0000950170-23-015334 - form_type: 8-K - ticker: ULH - cik: 0001308208 - company_name: UNIVERSAL LOGISTICS HOLDINGS, INC. - filed_at: 2023-04-27T23:59:59+00:00 - event_type: earnings - sentiment: negative - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 2.02, 5.02, 5.07, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1308208/000095017023015334/0000950170-23-015334-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1308208/000095017023015334/ulh-20230426.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-23-015334 - JSON: https://secwatch.observer/filing/0000950170-23-015334.json - Plain text: https://secwatch.observer/filing/0000950170-23-015334.txt ## Key facts - Earnings Releases 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1308208/000095017023015334/0000950170-23-015334-index.htm - Executive change Marcus D. Hudson was elected as director at UNIVERSAL LOGISTICS HOLDINGS, INC.. - Action: elected - Role: director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1308208/000095017023015334/0000950170-23-015334-index.htm - Shareholder Votes 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1308208/000095017023015334/0000950170-23-015334-index.htm - Shareholder Votes 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1308208/000095017023015334/0000950170-23-015334-index.htm - Shareholder Votes 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1308208/000095017023015334/0000950170-23-015334-index.htm - Shareholder Votes 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1308208/000095017023015334/0000950170-23-015334-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.