Loading...
•
Jul 03, 2021
Universal Logistics Q2 2021 Earnings Report
Reported consolidated net income and highest quarterly operating revenues.
Key Takeaways
Universal Logistics Holdings reported a strong second quarter in 2021, with operating revenues reaching a record $422.8 million, a 63.9% increase compared to the previous year. Net income also saw a significant rise to $25.6 million, or $0.95 per share, compared to $6.2 million, or $0.23 per share in Q2 2020.
Operating revenues increased by 63.9% to $422.8 million, the highest quarterly operating revenues ever reported.
Net income increased to $25.6 million, or $0.95 per share, including a $0.16 settlement gain.
Operating income increased by $20.5 million to $31.3 million, with an operating margin of 7.4%.
The Board of Directors declared a cash dividend of $0.105 per share of common stock.
Revenue by Segment
Forward Guidance
For the full year 2021, Universal projects total operating revenues between $1.6 billion and $1.7 billion and an operating margin between 7.0% and 8.0%.
Positive Outlook
- Projected total operating revenues between $1.6 billion and $1.7 billion.
- Targeting an operating margin between 7.0% and 8.0%.
- Momentum carried into the second quarter.
- Incredible efforts of people.
- Bullish on North American auto production over the longer term.
Challenges Ahead
- Persistent chip shortage continues to adversely impact contract logistics operations.
- Extremely tight labor market continues to adversely impact contract logistics operations.
- Lack of fluidity in the supply chain remains a headwind.
- Constraints on the availability of equipment remains a headwind.
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...