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Jun 29, 2024
Universal Logistics Q2 2024 Earnings Report
Reported a 12.0% increase in operating revenues and a 29.4% increase in operating income.
Key Takeaways
Universal Logistics Holdings reported strong second quarter 2024 results with a 12.0% increase in operating revenues to $462.2 million and a 29.4% increase in operating income to $47.1 million. Net income increased to $30.7 million, or $1.17 per share, compared to $23.6 million, or $0.90 per share, in the same period last year. The contract logistics segment led the way with double-digit operating margins, while the trucking segment also experienced favorable results.
Operating revenues increased by 12.0% to $462.2 million.
Operating income increased by 29.4% to $47.1 million.
Earnings per share increased by 30.0% to $1.17 per share.
Contract logistics segment delivered double-digit operating margins for the tenth consecutive quarter.
Revenue by Segment
Forward Guidance
Universal expects all its businesses to generate positive returns, and remains focused on gaining efficiencies and controlling costs to achieve those results. They are committed to delivering exceptional service to customers and making sound business decisions to ensure they are well-positioned for future success.
Positive Outlook
- Focused on gaining efficiencies and controlling costs.
- Committed to delivering exceptional service to customers.
- Making sound business decisions to ensure well-positioned for future success.
- Expecting all businesses to generate positive returns.
- Diverse service offering across the entire supply chain continues to differentiate the business.
Challenges Ahead
- Turbulent transportation and logistics environment.
- Underperforming operations need improvement.
- Load volumes declined in Intermodal segment by 4.1%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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