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Dec 31, 2022
Universal Logistics Q4 2022 Earnings Report
Reported record fourth quarter and full-year financial results and declared dividend.
Key Takeaways
Universal Logistics Holdings reported a decrease in operating revenues but a significant increase in operating income and earnings per share for the fourth quarter of 2022. The company's fourth quarter operating income and earnings per share represent the best fourth quarter results in company history.
Fourth quarter operating revenues decreased by 1.9% to $458.7 million.
Fourth quarter operating income increased by 102.6% to $48.2 million.
Fourth quarter earnings per share increased by 111.7% to $1.27 per share.
Declared a quarterly dividend of $0.105 per share.
Revenue by Segment
Forward Guidance
The company expects near-term headwinds in transportation but anticipates stability in its contract logistics segment, supported by strong North American auto production.
Positive Outlook
- Stability in contract logistics segment.
- Strong North American auto production.
- Diversification of service offerings.
- Talented teams assembled.
- Results-oriented organization.
Challenges Ahead
- Excess retail inventories.
- Slow-down in industrial production.
- Loosening capacity.
- Downward pressures on trucking segment.
- Downward pressures on company-managed brokerage segment.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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