Welcome to our dedicated page for Universal Logistics Hldgs news (Ticker: ULH), a resource for investors and traders seeking the latest updates and insights on Universal Logistics Hldgs stock.
Universal Logistics Holdings, Inc. (NASDAQ: ULH) regularly issues detailed news updates on its transportation and logistics operations. Company releases cover financial performance, segment results and developments across its contract logistics, intermodal and trucking segments. These updates often include operating revenues, income from operations, earnings per share and segment-level metrics such as load volumes, average revenue per load, number of tractors and the number of active value-added programs.
Readers following ULH news will find recurring coverage of quarterly and annual earnings reports, where Universal discusses performance in contract logistics, intermodal and trucking, along with commentary from management. The company also reports on non-GAAP financial measures such as EBITDA, EBITDA margin, adjusted income from operations and adjusted operating margin, providing reconciliations to GAAP measures and explanations of how these metrics are used.
Universal’s news flow includes announcements of cash dividends declared by its board of directors, specifying per-share amounts, record dates and payment dates. The company also uses news releases and related Form 8-K filings to communicate material events, including non-cash impairment charges related to intangible assets in its intermodal segment, changes in financing arrangements, and the closure of specific business units such as its company-managed brokerage operation.
In addition, Universal announces the scheduling or postponement of its earnings conference calls, providing dial-in details, replay information and references to where investors can access call replays. For investors and analysts tracking ULH, the news stream offers a consolidated view of financial trends, segment dynamics, capital structure updates and board actions such as dividend declarations and committee appointments.
Universal Logistics Holdings reported Q3 2024 results with operating revenues of $426.8 million, up 1.3% year-over-year. Net income reached $26.5 million, or $1.01 per share, a 14.7% increase from Q3 2023. Operating income grew 16.0% to $42.6 million, with operating margin improving to 10.0%. The company's contract logistics segment showed strong performance with 17.8% revenue growth, while intermodal and trucking segments experienced revenue declines. The company ceased operations of its brokerage business, resulting in pre-tax losses of $8.6 million. A quarterly dividend of $0.105 per share was declared.
Universal Logistics Holdings (NASDAQ: ULH) has announced its schedule for releasing third quarter 2024 financial results. The company will report its earnings after the market closes on Thursday, October 24, 2024. Following this, ULH will host a quarterly earnings conference call on Friday, October 25, 2024, at 10:00 a.m. Eastern Time.
Investors and interested parties can participate in the conference call using the following details:
- Toll-Free Call: (800) 836-8184
- International Dial-in: +1 (646) 357-8785
Universal Logistics Holdings (NASDAQ: ULH) has announced the grand opening of a new Intermodal terminal near Tacoma, WA. The facility features 2.5 acres of secured container yard space for 24/7 service, offering a range of drayage services. Strategically located, it provides convenient access to all Northwest Seaport Alliance South Harbor Terminals and major highways, as well as proximity to key industrial areas including Sumner/Kent Industrial Park, Puyallup/Spanaway Industrial Centers, and Olympia/Lacey Industrial Areas.
John Wroby, President of Universal Intermodal Services, highlighted that the new terminal expands operational capabilities and enhances service efficiency. Universal is actively hiring owner operators and dispatch office positions for this new facility.
Universal Logistics Holdings (NASDAQ: ULH) has acquired Parsec, a leading provider of terminal management services to railroads across North America. Parsec operates in over 20 rail yards in the US and Canada, offering container lift services, equipment repair, drayage, and container stacking. The acquisition, valued at $193.6 million, is expected to be immediately accretive and boost Universal's contract logistics segment revenues to over $1 billion annually.
Parsec reported total operating revenues of $230.2 million for the trailing-twelve months ended August 31, 2024. With nearly 2,100 employees, Parsec will operate within Universal's contract logistics segment. The acquisition aims to diversify Universal's service offering and provide a significant presence in the rail terminal services space.
Universal Logistics Holdings (NASDAQ: ULH) has announced the integration of the 2025 Peterbilt 579EV electric vehicles into its intermodal fleet in Southern California. This move is part of the company's ongoing sustainability initiatives aimed at reducing its carbon footprint. John Wroby, President of Universal Intermodal Services, emphasized the company's dedication to promoting sustainable logistics solutions. CEO Tim Phillips highlighted the strategic importance of this investment in advancing the company's sustainability goals. Universal Logistics Holdings plans to continue evaluating and implementing climate-positive actions throughout its operations and value chain.
Universal Logistics Holdings reported strong Q2 2024 results, with operating revenues up 12.0% to $462.2 million and net income increasing to $30.7 million ($1.17 per share). The company saw significant growth in its contract logistics segment, with revenues up 26.2% to $263.6 million. However, the intermodal segment experienced a 14.8% decrease in revenues and an operating loss. The trucking segment showed improvement with a 12.6% revenue increase. Universal declared a quarterly dividend of $0.105 per share. CEO Tim Phillips highlighted the company's diverse service offering and strong performance in contract logistics, while acknowledging challenges in some operations.
Universal Logistics Holdings (NASDAQ: ULH) announced it will release its second quarter 2024 financial results after market close on Thursday, July 25, 2024.
The company will hold its quarterly earnings conference call the following day, on Friday, July 26, 2024, at 10:00 a.m. Eastern Time. Interested participants can dial in toll-free at (800) 836-8184 or internationally at +1 (646) 357-8785. A replay of the call will be available until August 2, 2024, by calling (888) 660-6345 or +1 (646) 517-4150 and using the replay code 07642. The conference call will also be accessible on the Universal Logistics Holdings' investor relations website.
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