Loading...
•
Apr 02, 2022
Universal Logistics Q1 2022 Earnings Report
Reported all-time record quarterly results with revenue, operating income, and earnings per share reaching record highs.
Key Takeaways
Universal Logistics Holdings reported record-breaking first-quarter results for 2022, with significant increases in operating revenues, operating income, and earnings per share. The company's success was attributed to efforts in evaluating operating cost structures, negotiating rate increases, and rationalizing underperforming business segments.
Achieved record all-time highs for total operating revenues, operating income, and earnings per share.
Operating revenues increased by 26.2% to $523.9 million compared to the same period last year.
Operating income increased by 85.7% to $57.8 million, with an operating margin of 11.0%.
Earnings per share rose by 95.0% to $1.56 per share compared to the first quarter of 2021.
Revenue by Segment
Forward Guidance
The company anticipates additional execution improvement opportunities as the year unfolds and aims to surpass the goals set for the year, including $2.0 billion in top-line revenue for 2022.
Positive Outlook
- Efforts evaluating operating cost structures
- Negotiating rate increases with customers
- Continued rationalization of underperforming business across service lines
- Experienced its highest operating revenues
- Largest operating income, and best earnings per share
Challenges Ahead
- Supply chain disruptions
- A competitive market for equipment and talent
- Recent intermittent shut-downs of our customers’ operations
- Seeking to secure parts to build cars and trucks
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...