Universal Logistics Holdings reported a net income of $16.2 million, or $0.60 per share, on record operating revenues of $467.4 million for the fourth quarter of 2021. The results were negatively impacted by $6.0 million in auto liability claims and $5.0 million in losses from a contract logistics program. For the full year, the company reported record revenues of $1.75 billion and earnings per share of $2.74.
Q4 2021 operating revenues reached a record $467.4 million, a 21.1% increase year-over-year.
Q4 2021 net income was $16.2 million, or $0.60 per share, matching the prior year's results.
Operating income for Q4 2021 increased slightly to $23.8 million, compared to $23.5 million in the same period last year.
The Board of Directors declared a cash dividend of $0.105 per share of common stock.
No specific forward guidance provided in the press release.
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