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Jul 02, 2022
Universal Logistics Q2 2022 Earnings Report
Reported new all-time record results.
Key Takeaways
Universal Logistics Holdings reported a record-breaking second quarter in 2022, with all-time highs in total operating revenues, operating income, and earnings per share. The company's net income reached $44.7 million, or $1.69 per share, on total operating revenues of $527.2 million, marking a significant increase compared to the previous year.
Achieved record results in operating revenues, operating income, and earnings per share.
Operating revenues increased by 24.7% to $527.2 million.
Operating income increased to $64.7 million with a 12.3% operating margin.
Earnings per share reached $1.69.
Revenue by Segment
Forward Guidance
Company is solidly on-track to achieve over $2.0 billion in top-line revenues for the year.
Positive Outlook
- Significant amount of freight opportunities across the country
- Strong, pent-up demand for autos in North America.
- Universal’s highly-resilient business model will allow us to remain agile.
- Deliver solid performance for our customers and our shareholders.
- New business wins, including a major shuttle operation, as well as repricing of existing customer contracts.
Challenges Ahead
- Impacts of inflation
- Rising interest rates
- Direction of consumer behavior
- Some signs of a softening
- Broader economic conditions
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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