ULH Q3 2021 revenue record $445.6M (+22%); EPS $0.38 vs $0.50; includes $12.9M charges

UNIVERSAL LOGISTICS HOLDINGS, INC.

2021-Q3 EPS reported $2.14 revenue$1,283,608,000

Net income $10.3M ($0.38/sh) vs $13.6M ($0.50/sh) a year ago; operating income $16.7M vs $22.1M.
Pre-tax litigation charges totaled $5.8M; contract logistics launch losses $7.1M, combined $12.9M impact.
Contract logistics revenue +22.9% to $156.9M but operating income fell $5.6M to $6.0M due to launch losses.
Trucking segment revenue +29.2% to $107.2M, operating income +43.1% to $6.8M; brokerage swung to profit.
Board declares $0.105/share dividend, payable Jan 4, 2022 to holders of record Dec 6, 2021.

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