Universal Logistics Q3 net income down 52% to $23M; revenue falls 16.7%

UNIVERSAL LOGISTICS HOLDINGS, INC.

2023-Q3 EPS reported $2.72 revenue$1,271,219,000

Q3 revenue $421.3M (-16.7% YoY); net income $23.0M ($0.88 EPS) vs $48.5M ($1.84 EPS) YoY.
Intermodal revenue fell 43.9% to $86.6M; operating loss of $4.3M vs $28.1M income a year ago.
Contract logistics operating margin held at 16.9%; value-added programs rose to 73 from 63 YoY.
Board declared $0.105/share dividend payable Jan 2, 2024 to Dec 4 record holders (unchanged).
Cash $16.8M, debt $392M; capex $112.3M including $80M for Los Angeles terminal acquisition.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNIVERSAL LOGISTICS HOLDINGS, INC. reported third quarter 2023 results: revenue $421.3 million, net income $23.0 million, EPS $0.88 per basic and diluted share.

Period: third quarter 2023
Revenue: $421.3 million
Net income: $23.0 million
EPS: $0.88 per basic and diluted share
Result: reported results

Exact text from the filing

Universal Logistics Holdings, Inc. (NASDAQ: ULH) today reported consolidated third quarter 2023 net income of $23.0 million, or $0.88 per basic and diluted share, on total operating revenues of $421.3 million.

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Source: SEC EDGAR

accession 0000950170-23-055624

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