Universal Logistics Q4 revenue down 15%, EPS $0.81 vs $1.27 YoY; dividend $0.105

UNIVERSAL LOGISTICS HOLDINGS, INC.

2023-FY EPS reported $3.53 revenue$1,662,139,000

Q4 operating revenue $390.9M (-14.8% YoY); net income $21.4M ($0.81 EPS) vs $33.4M ($1.27).
Intermodal segment operating loss of $0.9M vs income $11.1M; load revenue per load down 19.9%.
Contract logistics revenue $201.3M (-2.0%) but operating margin improved to 15.9% from 14.7%.
Board declared $0.105/share dividend payable April 1 to holders of record March 4; retired 4.7M treasury shares with no equity impact.

item 2.02 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.4

UNIVERSAL LOGISTICS HOLDINGS, INC. reported financial results for the thirteen weeks and year ended December 31, 2023.

Period: the thirteen weeks and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 15, 2024, Universal Logistics Holdings, Inc. (“ULH,” “we,” “us,” or “our”) issued a press release announcing our financial and operating results for the thirteen weeks and year ended December 31, 2023, a copy of which is furnished as Exhibit 99.1 to this Form 8-K.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

UNIVERSAL LOGISTICS HOLDINGS, INC.: Board adopted Sixth Amended and Restated Bylaws with changes including uncertificated shares, virtual meetings, advance notice provisions, universal proxy rules, and other updates (effective 2024-02-14).

Change: bylaw amendment
Effective: 2024-02-14

Exact text from the filing

On February 14, 2024, our Board of Directors (the “Board”) approved and adopted our Sixth Amended and Restated Bylaws (the “Bylaws”), effective immediately.

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UNIVERSAL LOGISTICS HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-015914

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