NASDAQ$ULH

Universal Logistics Holdings Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Universal Logistics Holdings, Inc. reported a significant decrease in net income and operating income for the first quarter of 2025, primarily due to lower auto production and sustained weakness in the freight market.

Universal Logistics Holdings, Inc. experienced a challenging first quarter in 2025, with consolidated net income falling to $6.0 million from $52.5 million in the prior year, and total operating revenues decreasing by 22.3% to $382.4 million. The decline was attributed to a sluggish start to the year, lower auto production, and a weak freight market, leading to a significant compression in operating margin.

  • Total operating revenues for Q1 2025 were $382.4 million, a 22.3% decrease from $491.9 million in Q1 2024.
  • Net income for Q1 2025 was $6.0 million, or $0.23 per share, significantly down from $52.5 million, or $1.99 per share, in Q1 2024.
  • Operating income decreased by $59.4 million to $15.7 million in Q1 2025, resulting in an operating margin of 4.1%, compared to 15.3% in the prior year.
  • The company declared a quarterly cash dividend of $0.105 per share, payable on July 1, 2025.

Headline financials

Total Revenue

$382M

Previous: $492M-22.3%
EPS (adj)

$0.23

Previous: $1.99-88.4%
EBITDA

$51.7M

Previous: $96.9M-46.6%
EBITDA Margin

13.5%

Previous: 19.7%-31.5%
Avg. Operating Revenue/Load (Intermodal)

$517.00

Previous: $566.00-8.7%
Number of Loads (Intermodal)

101.5K

Previous: 105.0K-3.4%
Avg. Operating Revenue/Load (Truckload)

$1.87K

Previous: $1.51K+24.3%
Number of Loads (Truckload)

28.6K

Previous: 41.7K-31.3%
Avg. Value-Added Direct Employees

7.3K

Previous: 5.5K+32.3%
Avg. Value-Added FTEs

37

Previous: 199-81.4%
Active Value-Added Programs

87

Previous: 71+22.5%
Avg. Number of Tractors (Intermodal)

1.4K

Previous: 1.7K-17.0%
Number of Depots (Intermodal)

8

Previous: 8+0.0%
Avg. Number of Tractors (Trucking)

633

Previous: 815-22.3%
Avg. Length of Haul (Trucking)

393

Previous: 401-2.0%
Capital Expenditures

-$52.6M

Previous: -$68.6M+23.3%
Net Income

$6.01M

Previous: $52.5M-88.5%
Operating Income

$15.7M

Previous: $75.1M-79.1%

Revenue & EPS history

Universal Logistics · Revenue · Quarterly

$382M

Q1 2025-22.3%vs Q1 2024
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Revenue by segment

Universal Logistics · $368M total across 3 segments · Q1 2026

  • Contract Logistics
    $270M
  • Trucking
    $50.2M
  • Intermodal
    $47.9M

Forward guidance

Universal Logistics Holdings, Inc. remains confident in its business model and is taking actions to improve underperforming operations, focusing on strategic customer acquisition to drive profitable growth.

Tailwinds

  • Gained positive momentum as the quarter progressed.
  • Confident in the strength and resilience of Universal's business model.
  • Taking actions to improve results of underperforming operations.
  • Highly focused on strategic customer acquisition.
  • Objective of driving profitable growth.

Headwinds

  • Sluggish start to 2025.
  • Early softness posed a significant headwind to overall performance.
  • Lower auto production impacted top-line revenues.
  • Sustained weakness in the freight market impacted top-line revenues.
  • Compression in operating margin due to market conditions.

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 2025

Historical avgQ1 2025

+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

Earnings price reactions
QuarterReport dateReaction (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%

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