Universal Logistics Holdings reports 22.3% drop in revenue, misses estimates, cites weak market

From Yahoo Finance: 2025-04-24 17:29:00

Universal Logistics Holdings reported a 22.3% decrease in first-quarter operating revenue to $382.4 million due to a sluggish freight market. CEO Tim Phillips cited lower auto production and weak freight market as factors. Earnings per share fell 88% year-over-year to 23 cents. The company missed Wall Street revenue and earnings estimates.

The company’s trucking, contract logistics, intermodal, and managed brokerage segments all saw year-over-year decreases in the first quarter. Contract logistics segment revenue dropped 18.4% to $255.9 million. Intermodal segment revenue fell 9.8% to $70.7 million with load volumes declining by 3.4%.

In the trucking segment, revenue decreased 20.2% to $55.6 million with load volumes down by 31.3%. The company ended the first quarter with $20.6 million in cash, $12 million in marketable securities, $740 million in debt, and $52.6 million in capital expenditures.

Universal Logistics announced a cash dividend of 10.5 cents per share of common stock, payable to shareholders by June 2. A conference call with analysts to discuss results is scheduled for 10 a.m. Friday.



Read more at Yahoo Finance: First Look: Universal Logistics Holdings