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Dec 31, 2020
Universal Logistics Q4 2020 Earnings Report
Reported highest fourth quarter earnings on record, driven by strong performance in contract logistics and overall operational excellence.
Key Takeaways
Universal Logistics Holdings reported a strong fourth quarter in 2020, with net income of $16.2 million on total operating revenues of $386.0 million. The company's performance was driven by strength in North American automotive and Class 8 truck production, as well as the potential to capitalize on increasing import volumes.
Reported Q4 2020 net income of $16.2 million, or $0.60 per share, compared to $8.7 million, or $0.32 per share in Q4 2019.
Operating revenues increased to $386.0 million, a 2.7% increase compared to $375.9 million in the same period last year.
Operating income for Q4 2020 was $23.5 million, representing a 6.1% operating margin.
EBITDA increased by $6.4 million to $44.2 million, with an EBITDA margin of 11.4%.
Revenue by Segment
Forward Guidance
Company expects strength in North American automotive and Class 8 truck production, as well as potential to capitalize on import volumes which are forecast to increase 2021.
Positive Outlook
- Strength of North American automotive production.
- Strength of Class 8 truck production.
- Potential to capitalize on import volumes which are forecast to increase 2021.
- Agility of business model.
- Strength of people.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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