NASDAQ$ULH
Universal Logistics Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported a decrease in revenue and operating income due to a challenging transportation environment.
Universal Logistics Holdings reported a decrease in first quarter 2023 net income to $24.9 million, or $0.95 per share, on total operating revenues of $437.4 million. The results were impacted by weak import volumes, elevated inventory levels, and excess capacity.
- Operating revenues decreased by 16.5% to $437.4 million.
- Net income decreased to $24.9 million, or $0.95 per share.
- Operating income decreased by 34.0% to $38.2 million.
- Contract logistics segment was a cornerstone, with revenues increasing by 4.8%.
Headline financials
Revenue & EPS history
Universal Logistics · Revenue · Quarterly
$437M
Revenue by segment
Universal Logistics · $368M total across 3 segments · Q1 2026
- Contract Logistics$270M—73.3%
- Trucking$50.2M—13.7%
- Intermodal$47.9M—13.0%
Forward guidance
Company anticipates firm demand in contract logistics through the remainder of the year and believes their business model is sound, and they are well positioned when a recovery in the freight cycle begins.
Tailwinds
- Robust demand in contract logistics segment.
- Anticipated firm demand in contract logistics through the remainder of the year.
- Diversification strategy increasingly evident during a transportation down-cycle.
- Believe their business model is sound.
- Well positioned when a recovery in the freight cycle begins.
Headwinds
- Weak import volumes.
- Elevated inventory levels.
- Excess capacity.
- Downward pressure on freight volumes and rates.
- Challenging transportation backdrop.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+0.4%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+2.6%
Avg return
30 days after
61%
40 / 66 earnings
Positive
+36.4%
Q1 2024
Best reaction
-23.3%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +8.3% | +6.8% | — | |
| Q4 2025 | -3.7% | +16.0% | +50.8% | |
| Q3 2025 | -2.8% | -12.4% | -29.2% | |
| Q2 2025 | +10.0% | -13.6% | -0.9% | |
| Q1 2025 | -4.8% | -18.9% | -14.1% | |
| Q4 2024 | -19.6% | -33.3% | -34.9% | |
| Q3 2024 | -8.7% | -2.9% | +19.0% | |
| Q2 2024 | -2.6% | -5.4% | -4.9% | |
| Q1 2024 | +36.4% | +32.9% | +36.0% | |
| Q4 2023 | +5.1% | +0.9% | +8.3% | |
| Q3 2023 | -7.2% | -2.0% | +11.0% | |
| Q2 2023 | -3.8% | -1.2% | -14.1% | |
| Q1 2023 | -2.0% | -0.6% | +5.1% | |
| Q4 2022 | -23.3% | -27.1% | -30.7% | |
| Q3 2022 | -8.2% | -3.8% | +2.3% | |
| Q2 2022 | +4.4% | +17.9% | +30.6% | |
| Q1 2022 | +6.4% | +4.1% | +31.2% | |
| Q4 2021 | +7.3% | +7.6% | +21.1% | |
| Q3 2021 | -2.0% | -2.8% | -9.8% | |
| Q2 2021 | +3.3% | +0.3% | -0.5% | |
| Q1 2021 | +4.2% | +4.2% | +4.2% | |
| Q4 2020 | +6.2% | +5.0% | +15.6% | |
| Q3 2020 | -1.5% | +8.8% | +9.4% | |
| Q2 2020 | +1.5% | +1.0% | +20.6% | |
| Q1 2020 | -3.9% | -11.3% | +0.9% | |
| Q4 2019 | +7.7% | +6.9% | -13.1% | |
| Q3 2019 | -20.8% | -26.1% | -22.1% | |
| Q2 2019 | -7.1% | -8.9% | -15.3% | |
| Q1 2019 | +1.4% | +8.7% | -10.8% | |
| Q4 2018 | -4.3% | -5.3% | -22.2% | |
| Q3 2018 | -4.7% | -8.7% | -18.9% | |
| Q2 2018 | +8.9% | +22.3% | +33.2% | |
| Q1 2018 | +1.1% | +0.2% | +11.8% | |
| Q4 2017 | +4.3% | +3.4% | -3.8% | |
| Q3 2017 | +0.9% | +1.2% | +8.0% | |
| Q2 2017 | -2.1% | +3.5% | +5.9% | |
| Q1 2017 | +5.3% | +10.2% | -0.4% | |
| Q4 2016 | +4.5% | +1.5% | -5.2% | |
| Q3 2016 | +13.8% | +5.7% | +33.0% | |
| Q2 2016 | -2.2% | -2.7% | -5.0% | |
| Q1 2016 | -0.8% | — | — | |
| Q4 2015 | -1.2% | — | — | |
| Q3 2015 | +2.5% | — | — | |
| Q2 2015 | -3.0% | — | — | |
| Q1 2015 | +0.5% | — | — | |
| Q4 2014 | +0.7% | — | — | |
| Q3 2014 | +0.6% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q1 2014 | +2.7% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q1 2011 | +2.4% | — | — | |
| Q3 2013 | +0.8% | — | — | |
| Q2 2013 | +1.1% | — | — | |
| Q1 2013 | +0.6% | — | — | |
| Q4 2009 | +6.5% | — | — | |
| Q4 2012 | +6.5% | — | — | |
| Q3 2012 | -10.2% | — | — | |
| Q2 2012 | +0.3% | — | — | |
| Q1 2012 | +4.8% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2010 | -8.4% | — | — | |
| Q3 2011 | -8.4% | — | — | |
| Q2 2011 | +4.0% | — | — | |
| Q2 2010 | +4.0% | — | — | |
| Q4 2010 | +4.0% | — | — | |
| Q1 2010 | +7.6% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro