secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL LOGISTICS HOLDINGS, INC. (ULH)
CIK:        0001308208
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000950170-23-055624
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1308208/000095017023055624/0000950170-23-055624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1308208/000095017023055624/ulh-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055624

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer