Universal Logistics Holdings reported a decrease in both net income and operating revenues for Q4 2019 compared to Q4 2018. Net income was $8.7 million, or $0.32 per share, on total operating revenues of $375.9 million. The operating income was $15.5 million, which included a $2.9 million legal charge. EBITDA, a non-GAAP measure, increased to $37.7 million.
Total operating revenues decreased by 2.7% to $375.9 million.
Net income was $8.7 million, or $0.32 per share, compared to $9.0 million, or $0.32 per share in Q4 2018.
Operating income was $15.5 million, including a $2.9 million legal charge.
EBITDA increased to $37.7 million from $31.4 million in the same period last year.
Universal expects to report 2020 total operating revenues in the range of $1.6 billion to $1.7 billion, and operating margins in the 7% to 9% range. Capital expenditures are expected to be in the range of $70 million to $80 million, and total interest expense for the year is expected to be between $16 million to $18 million.
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