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Oct 01, 2022
Universal Logistics Q3 2022 Earnings Report
Topped previous record-setting results due to strong performances in intermodal and contract logistics businesses.
Key Takeaways
Universal Logistics Holdings reported record third-quarter results, with net income reaching $48.5 million, or $1.84 per share, on total operating revenues of $505.7 million. The company's performance exceeded previous records due to the strong performances in intermodal and contract logistics businesses, despite downward pressures in trucking and company-managed brokerage segments.
Operating revenues increased by 13.5% to $505.7 million compared to the same quarter last year.
Operating income increased significantly to $69.8 million, representing a 13.8% operating margin.
Earnings per share reached $1.84, setting a new all-time record.
Contract logistics and intermodal segments drove the remarkable results, offsetting pressures in other segments.
Revenue by Segment
Forward Guidance
Despite weakening freight demand and heightened macro concerns, Universal remains confident in its ability to navigate the current environment and deliver a solid finish to this record-setting year, supported by growth in the contract logistics space and a highly variable cost model.
Positive Outlook
- Positioned to capitalize on strong demand for passenger vehicles.
- Highly variable cost model insulates transactional businesses.
- Solid foundation laid by growth in the contract logistics space.
- Strategic plan supports Universal's future growth.
- Confident in ability to navigate current environment.
Challenges Ahead
- Facing weakening freight demand.
- Experiencing downward pressures in trucking segment.
- Experiencing downward pressures in company-managed brokerage segments.
- Heightened macro concerns.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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