NASDAQ$ULH

Universal Logistics Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported record fourth quarter and full-year financial results and declared dividend.

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.

Headline financials

Total Revenue

$459M

Previous: $467M-1.9%
EPS (adj)

$1.27

Previous: $0.60+111.7%
EBITDA

$68M

Previous: $39.7M+71.3%
EBITDA Margin

14.8%

Previous: 8.5%+74.1%
Capital Expenditures

$31.3M

Previous: $12.6M+148.2%
Free Cash Flow

$37.6M

Previous: $16.9M+122.3%
Net Income

$33.4M

Previous: $16.2M+106.5%
Operating Income

$48.2M

Previous: $23.8M+102.7%
Gross Profit

$74.8M

Previous: $61.3M+21.9%
Cash & Equivalents

$47.2M

Previous: $13.9M+238.8%
Total Assets

$1.2B

Previous: $1.14B+5.8%
Stock-Based Comp

$50K

No prior period

Revenue & EPS history

Universal Logistics · Revenue · Quarterly

$459M

Q4 2022-1.9%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

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

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

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.

Tailwinds

  • Stability in contract logistics segment.
  • Strong North American auto production.
  • Diversification of service offerings.
  • Talented teams assembled.
  • Results-oriented organization.

Headwinds

  • 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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+0.4%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+3.5%

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%+39.5%
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 2010+4.0%
Q2 2011+4.0%
Q4 2010+4.0%
Q1 2010+7.6%

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