Universal Logistics Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 04:20 pm EDT
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Universal Logistics Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 421.25 million compared to USD 505.69 million a year ago. Net income was USD 23.05 million compared to USD 48.48 million a year ago. Basic earnings per share from continuing operations was USD 0.88 compared to USD 1.84 a year ago. Diluted earnings per share from continuing operations was USD 0.88 compared to USD 1.84 a year ago.
For the nine months, revenue was USD 1,271.22 million compared to USD 1,556.74 million a year ago. Net income was USD 71.49 million compared to USD 135.19 million a year ago. Basic earnings per share from continuing operations was USD 2.72 compared to USD 5.1 a year ago. Diluted earnings per share from continuing operations was USD 2.72 compared to USD 5.09 a year ago.
Universal Logistics Holdings, Inc. is a holding company, providing a variety of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada and Colombia. Its segments include contract logistics, intermodal, trucking, and company-managed brokerage. The contract logistics segment delivers value-added and dedicated transportation services to support in-bound logistics to original equipment manufacturers and retailers on a contractual basis. The intermodal segment is associated with local and regional drayage moves that are coordinated by company-managed terminals using a mix of owner-operators, company equipment and third-party capacity providers (broker carriers). The trucking segment's operations are associated with individual freight shipments coordinated by its agents. The company-managed brokerage segment provides for the pick-up and delivery of individual freight shipments using broker carriers, coordinated by its company-managed operations.
UNIVERSAL LOGISTICS HOLDINGS, INC. 
