UNIVERSAL LOGISTICS HOLDINGS, INC. (ULH): auditor change — Universal Logistics restates Q3 2025, adds $43.2M goodwill impairment after accounting error

UNIVERSAL LOGISTICS HOLDINGS, INC.

Audit Committee concluded Q3 2025 financials should no longer be relied upon due to goodwill impairment analysis error for intermodal reporting unit.
Carrying value improperly included ~$46.7M of deferred tax liabilities from intercompany allocations; correction results in full impairment of intermodal goodwill.
Company expects to record additional $43.2M goodwill impairment charge in restated Q3 2025, fully impairing the intermodal reporting unit's goodwill.
Error does not affect previously reported revenues, cash flows, liquidity, or debt covenant compliance; no restatement needed for other periods.
Company plans to file Amendment No. 1 to Q3 2025 10-Q/A as soon as practicable; will address internal control weaknesses.

item 4.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

UNIVERSAL LOGISTICS HOLDINGS, INC. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

Company’s previously issued condensed consolidated financial statements as of and for the quarter ended September 27, 2025 included in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 27, 2025 should no longer be relied upon. The determination relates to an error identified in connection with the Company’s evaluation of certain triggering events related to its intermodal reporting unit during the fourth quarter of 2025. Specifically, management determined that the carrying value of the intermodal reporting unit used in the Company’s goodwill impairment analysis during the quarter ended September 27, 2025 included approximately $46.7 million of deferred tax liabilities attributable to intercompany allocations that were not appropriate for inclusion in the reporting unit’s carrying value for purposes of the impairment analysis. The error did not arise from change

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Source: SEC EDGAR

accession 0001193125-26-098600

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