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Dec 31, 2019
Universal Logistics Q4 2019 Earnings Report
Reported consolidated net income on total operating revenues, with operating income affected by a legal charge.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
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.
Positive Outlook
- Expects to report 2020 total operating revenues in the range of $1.6 billion to $1.7 billion.
- Operating margins are expected to be in the 7% to 9% range.
- Capital expenditures are expected to be in the range of $70 million to $80 million.
- Total interest expense for the year is expected to be between $16 million to $18 million.
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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