Universal Logistics reports record Q1 2022; revenue $523.9M, EPS $1.56, declares dividend

UNIVERSAL LOGISTICS HOLDINGS, INC.

2022-Q1 EPS reported $1.56 revenue$523,861,000

Record Q1 2022 revenue $523.9M (+26.2% YoY); EPS $1.56 (+95.0% YoY).
Operating income $57.8M (+85.7% YoY); operating margin 11.0% vs 7.5% YoY.
Intermodal segment revenue up 52% YoY; operating margin improved to 14.6% from 8.2%.
Declared $0.105 per share cash dividend, payable July 5 to holders of record June 6.
Repurchased 257,261 shares at avg $20.42; CEO targets $2B in revenue for FY 2022.

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