earnings
confidence high
sentiment positive
materiality 0.75
Universal Logistics Q3 EPS $1.01 (adj $1.25); closes brokerage, declares $0.105 dividend
UNIVERSAL LOGISTICS HOLDINGS, INC.
2024-Q3 EPS reported
$4.17
revenue$1,380,904,000
- Q3 net income $26.5M, EPS $1.01 (+14.7% YoY); adjusted EPS $1.25 excluding $0.24 loss from brokerage closure.
- Revenue $426.8M (+1.3% YoY); operating income $42.6M (+16.0%); EBITDA $72.9M (+28.6%).
- Contract logistics rev $245.2M (+17.8%), op margin 18.6%; intermodal rev $77.6M (-11.8%), op loss $1.1M; trucking rev $87.0M (-10.3%), op income $7.1M.
- Ceased company-managed brokerage; pre-tax losses $8.6M ($2.8M non-cash impairment).
- Quarterly dividend $0.105/share, payable Jan 2, 2025 to holders of record Dec 2, 2024; recently acquired Parsec (rail terminal management).