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Sep 30, 2023
Universal Logistics Q3 2023 Earnings Report
Reported a decrease in operating revenues and net income compared to the same quarter last year, but delivered a solid financial performance overall.
Key Takeaways
Universal Logistics Holdings reported a consolidated net income of $23.0 million, or $0.88 per basic and diluted share, on total operating revenues of $421.3 million for the third quarter of 2023. This is a decrease compared to the third quarter of 2022, where net income was $48.5 million on total operating revenues of $505.7 million.
Operating revenues decreased by 16.7% to $421.3 million.
Operating income decreased by 47.3% to $36.8 million.
Earnings per share decreased by 52.2% to $0.88 per share.
Contract logistics segment showed recurring strong performance despite union labor disruptions.
Revenue by Segment
Forward Guidance
No forward guidance was provided in the earnings report.
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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