NASDAQ$ULH

Universal Logistics Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Universal Logistics Holdings reported an increase in operating revenues and income for the fourth quarter of 2024, driven by strong performance in contract logistics and trucking segments, despite a decrease in intermodal revenues.

Universal Logistics Holdings reported consolidated fourth quarter 2024 net income of $20.2 million on total operating revenues of $465.1 million, an increase from $390.9 million in the prior year. Operating income increased to $38.3 million, up from $34.1 million in Q4 2023, with EBITDA reaching $73.5 million.

  • Fourth quarter 2024 operating revenues increased by 19.0% to $465.1 million.
  • Operating income for Q4 2024 rose by 12.3% to $38.3 million.
  • Diluted earnings per share for Q4 2024 decreased by 4.9% to $0.77.
  • EBITDA for Q4 2024 increased by $18.7 million to $73.5 million, with an EBITDA margin of 15.8%.

Headline financials

Total Revenue

$465M

Previous: $391M+19.0%
EPS (adj)

$0.77

Previous: $0.81-4.9%
EBITDA

$73.5M

No prior period
EBITDA Margin

0.2%

No prior period
Avg. Operating Revenue/Load (Intermodal)

$537.00

No prior period
Number of Loads (Intermodal)

100.5K

No prior period
Avg. Operating Revenue/Load (Truckload)

$2.18K

No prior period
Number of Loads (Truckload)

36.1K

No prior period
Avg. Value-Added Direct Employees

7.3K

No prior period
Avg. Value-Added FTEs

57

No prior period
Active Value-Added Programs

90

No prior period
Avg. Number of Tractors (Intermodal)

1.5K

No prior period
Number of Depots (Intermodal)

8

No prior period
Avg. Number of Tractors (Trucking)

699

No prior period
Avg. Length of Haul (Trucking)

394

No prior period
Net Income

$20.2M

Previous: $21.4M-5.7%
Operating Income

$38.3M

Previous: $34.1M+12.3%

Revenue & EPS history

Universal Logistics · Revenue · Quarterly

$465M

Q4 2024+19%vs Q4 2023
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's forward-looking statements indicate a commitment to continued growth and operational improvements, particularly within its contract logistics segment, while also focusing on cost control and customer service.

Tailwinds

  • Continued commitment to smart investments in the contract logistics segment, including recent acquisition of Parsec.
  • Strong demand for specialized, heavy-haul services enabling solid results in the trucking segment.
  • Focus on improving underperforming operations and gaining efficiencies.
  • Maintaining a high-level of cost control across operations.
  • Commitment to delivering exceptional service to customers and executing long-term strategy.

Headwinds

  • Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially.
  • Actual results may differ from expectations due to various factors.
  • The company assumes no obligation to update forward-looking statements except as required by applicable securities laws.
  • Potential for non-operating expenses related to corporate development activities.
  • The company's financial performance is subject to general economic conditions and industry-specific challenges.

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 2024

Historical avgQ4 2024

+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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