AG真人官方

STOCK TITAN

Universal Logistics Holdings Reports Fourth Quarter 2024 Financial Results; Declares Dividend

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends earnings

Universal Logistics Holdings (ULH) reported Q4 2024 financial results with operating revenues of $465.1 million, a 19.0% increase year-over-year. Operating income rose 12.3% to $38.3 million, while earnings per share decreased 4.9% to $0.77.

The company's contract logistics segment showed strong performance with a 52.7% revenue increase to $307.4 million, including $51.3 million from the Stanton, TN project and $59.5 million from the Parsec acquisition. However, the intermodal segment experienced a 15.9% revenue decline to $73.1 million with an operating loss of $9.7 million.

The trucking segment saw an 11.5% revenue increase to $83.8 million with improved operating margins. The company declared a quarterly dividend of $0.105 per share, payable on April 1, 2025.

Universal Logistics Holdings (ULH) ha riportato i risultati finanziari del quarto trimestre 2024 con ricavi operativi di 465,1 milioni di dollari, un aumento del 19,0% rispetto all'anno precedente. L'utile operativo 猫 aumentato del 12,3% a 38,3 milioni di dollari, mentre l'utile per azione 猫 diminuito del 4,9% a $0,77.

Il segmento della logistica contrattuale dell'azienda ha mostrato una forte performance con un aumento del 52,7% dei ricavi a 307,4 milioni di dollari, inclusi 51,3 milioni di dollari derivanti dal progetto di Stanton, TN, e 59,5 milioni di dollari dall'acquisizione di Parsec. Tuttavia, il segmento intermodale ha registrato un calo del 15,9% dei ricavi a 73,1 milioni di dollari, con una perdita operativa di 9,7 milioni di dollari.

Il segmento camionistico ha visto un aumento dei ricavi dell'11,5% a 83,8 milioni di dollari con margini operativi migliorati. L'azienda ha dichiarato un dividendo trimestrale di 0,105 dollari per azione, che sar脿 pagato il 1 aprile 2025.

Universal Logistics Holdings (ULH) report贸 los resultados financieros del cuarto trimestre de 2024 con ingresos operativos de 465,1 millones de d贸lares, un aumento del 19,0% en comparaci贸n con el a帽o anterior. El ingreso operativo aument贸 un 12,3% a 38,3 millones de d贸lares, mientras que las ganancias por acci贸n disminuyeron un 4,9% a $0,77.

El segmento de log铆stica por contrato de la empresa mostr贸 un rendimiento fuerte con un aumento del 52,7% en los ingresos a 307,4 millones de d贸lares, incluidos 51,3 millones de d贸lares del proyecto de Stanton, TN y 59,5 millones de d贸lares de la adquisici贸n de Parsec. Sin embargo, el segmento intermodal experiment贸 una disminuci贸n del 15,9% en los ingresos a 73,1 millones de d贸lares con una p茅rdida operativa de 9,7 millones de d贸lares.

El segmento de transporte por cami贸n vio un aumento del 11,5% en los ingresos a 83,8 millones de d贸lares con m谩rgenes operativos mejorados. La compa帽铆a declar贸 un dividendo trimestral de 0,105 d贸lares por acci贸n, a pagarse el 1 de abril de 2025.

鞙犽媹氩勳劋 氍茧 頇霐╈姢 (ULH)電� 2024雲� 4攵勱赴 鞛 瓴瓣臣毳� 氚滍憸頄堨溂氅�, 鞖挫榿 靾橃澋鞚 4鞏� 6,510毵� 雼煬搿� 鞝勲厔 雽牍� 19.0% 歃濌皜頄堨姷雼堧嫟. 鞖挫榿 靻岆摑鞚 12.3% 歃濌皜頃橃棳 3,830毵� 雼煬鞐� 雼枅鞙茧┌, 欤茧嫻 靾滌澋鞚 4.9% 臧愳唽頃橃棳 $0.77鞚挫棃鞀惦媹雼�.

須岇偓鞚� 瓿勳暯 氍茧 攵氍胳潃 鞀ろ儬韯�, TN 頂勲鞝濏姼鞐愳劀 5,130毵� 雼煬, 韺岇厠 鞚胳垬鞐愳劀 5,950毵� 雼煬毳� 韽暔頃橃棳 3鞏� 740毵� 雼煬搿� 52.7%鞚� 靾橃澋 歃濌皜毳� 氤挫榾鞀惦媹雼�. 頃橃毵�, 鞚疙劙氇嫭 攵氍胳潃 15.9%鞚� 靾橃澋 臧愳唽毳� 瓴柎 7,310毵� 雼煬鞚� 靾橃澋瓿� 970毵� 雼煬鞚� 鞖挫榿 靻愳嫟鞚� 旮半頄堨姷雼堧嫟.

韸鸽煭 鞖挫啞 攵氍胳潃 11.5%鞚� 靾橃澋 歃濌皜搿� 8,380毵� 雼煬鞐� 霃勲嫭頄堨溂氅�, 鞖挫榿 毵堨鞚� 臧滌劆霅橃棃鞀惦媹雼�. 須岇偓電� 欤茧嫻 0.105雼煬鞚� 攵勱赴 氚半嫻旮堨潉 靹犾柛頃橃榾鞙茧┌, 鞚措姅 2025雲� 4鞗� 1鞚检棎 歆旮夒悹 鞓堨爼鞛呺媹雼�.

Universal Logistics Holdings (ULH) a annonc茅 les r茅sultats financiers du quatri猫me trimestre 2024 avec des revenus d'exploitation de 465,1 millions de dollars, ce qui repr茅sente une augmentation de 19,0 % par rapport 脿 l'ann茅e pr茅c茅dente. Le b茅n茅fice d'exploitation a augment茅 de 12,3 % pour atteindre 38,3 millions de dollars, tandis que le b茅n茅fice par action a diminu茅 de 4,9 % pour s'茅tablir 脿 0,77 $.

Le segment de logistique contractuelle de l'entreprise a affich茅 une bonne performance avec une augmentation des revenus de 52,7 % pour atteindre 307,4 millions de dollars, incluant 51,3 millions de dollars provenant du projet de Stanton, TN et 59,5 millions de dollars provenant de l'acquisition de Parsec. Cependant, le segment intermodal a connu une baisse de 15,9 % des revenus, s'茅levant 脿 73,1 millions de dollars, avec une perte d'exploitation de 9,7 millions de dollars.

Le segment du transport routier a vu une augmentation de 11,5 % des revenus, atteignant 83,8 millions de dollars avec des marges op茅rationnelles am茅lior茅es. L'entreprise a d茅clar茅 un dividende trimestriel de 0,105 dollar par action, payable le 1er avril 2025.

Universal Logistics Holdings (ULH) berichtete 眉ber die Finanzzahlen f眉r das vierte Quartal 2024 mit Betriebseinnahmen von 465,1 Millionen Dollar, was einem Anstieg von 19,0% im Vergleich zum Vorjahr entspricht. Der Betriebsgewinn stieg um 12,3% auf 38,3 Millionen Dollar, w盲hrend der Gewinn pro Aktie um 4,9% auf $0,77 zur眉ckging.

Der Vertragslogistikbereich des Unternehmens zeigte eine starke Leistung mit einem Umsatzanstieg von 52,7% auf 307,4 Millionen Dollar, einschlie脽lich 51,3 Millionen Dollar aus dem Projekt in Stanton, TN und 59,5 Millionen Dollar aus der 脺bernahme von Parsec. Der intermodale Bereich erlebte jedoch einen Umsatzr眉ckgang von 15,9% auf 73,1 Millionen Dollar bei einem Betriebsverlust von 9,7 Millionen Dollar.

Der Lkw-Segment verzeichnete einen Umsatzanstieg von 11,5% auf 83,8 Millionen Dollar mit verbesserten Betriebsmargen. Das Unternehmen erkl盲rte eine viertelj盲hrliche Dividende von 0,105 Dollar pro Aktie, die am 1. April 2025 zahlbar sein wird.

Positive
  • Operating revenues increased 19.0% YoY to $465.1 million
  • Operating income grew 12.3% to $38.3 million
  • Contract logistics segment revenue up 52.7% to $307.4 million
  • Trucking segment operating margin improved to 6.9% from 3.3%
  • EBITDA increased by $18.7 million to $73.5 million
Negative
  • Earnings per share decreased 4.9% to $0.77
  • Intermodal segment reported $9.7 million operating loss
  • Intermodal load volumes declined 15.3%
  • Outstanding debt of $762.6 million as of Q4 2024

Insights

Universal Logistics Holdings Inc. has presented a mixed yet promising financial report for Q4 2024. The company has demonstrated robust growth in operating revenues, showing a 19.0% increase year-over-year to $465.1 million. Operating income also rose by 12.3% to $38.3 million, indicating ongoing operational efficiencies and strong performance in key segments, particularly Contract Logistics. Despite these gains, there was a slight decline in net income by approximately $1.2 million or 4.9%, which may raise concerns among investors given the backdrop of increased revenues.

The decision to declare a quarterly dividend of $0.105 per share underscores the company's commitment to returning value to shareholders, which may enhance investor confidence and support the stock price in the short term. Furthermore, the EBITDA margin increase from 14.0% to 15.8% signals improved profitability and effective cost management strategies at the operational level.

Key segment performances reveal a nuanced picture. The Contract Logistics segment experienced significant revenue growth of 52.7%, primarily driven by acquisitions and specialized development projects. However, the operating margin declined due to higher depreciation and amortization expenses associated with these acquisitions. The Intermodal segment, on the other hand, faced challenges with a revenue decrease of 15.9% and a deeper operating loss of $(9.7) million, suggesting competitive pressures and operational inefficiencies.

As for strategic insights, the emphasis on the Contract Logistics segment highlights a focused investment approach that aligns with long-term business growth. The successful integration of acquisitions such as Parsec could bolster future revenues and stabilize margins over time, despite short-term depreciation costs. Conversely, the ongoing issues in the Intermodal segment necessitate strategic reevaluation to mitigate losses, possibly through cost restructuring or market repositioning.

From a broader perspective, the company's balance sheet shows substantial cash and marketable securities, totaling $19.4 million and $11.6 million, respectively, but also a high debt level of $762.6 million. This debt could constrain financial flexibility, emphasizing the need for prudent cash flow management and strategic capital allocation to sustain growth.

Universal Logistics Holdings' Q4 2024 earnings reveal both strengths and areas of concern. The 19.0% increase in operating revenues to $465.1 million demonstrates strong demand across multiple segments, with Contract Logistics leading this growth. The logistics sector's robust performance reflects an effective strategy in acquisition and specialization. However, there's a notable 4.9% decline in EPS to $0.77, highlighting some margin pressure despite the overall revenue growth. This might signal to investors a need for caution in terms of profitability expectations.

The announced dividend of $0.105 per share is a positive signal of the company's commitment to shareholder returns, likely boosting investor sentiment. Nonetheless, the mixed segment performance needs to be scrutinized. The Contract Logistics segment鈥檚 boost by 52.7% in revenue, partly due to acquisitions like Parsec, indicates a successful integration strategy that could drive future growth. However, the segment's operating margin reduction points to higher costs associated with these acquisitions, which could impact future profitability if not managed carefully.

The Intermodal segment's 15.9% revenue decrease and deepening operating losses are red flags, pointing to potential structural issues or market challenges. This segment's underperformance could weigh on the company's overall financial health if these issues persist, indicating a need for strategic intervention.

  • Fourth Quarter 2024 Operating Revenues:听 $465.1 million, 19.0% increase
  • Fourth Quarter 2024 Operating Income:听 $38.3 million, 12.3% increase
  • Fourth Quarter 2024 Earnings Per Share:听 $0.77 per share, 4.9% decrease
  • Declares Quarterly Dividend:听 $0.105 per share

WARREN, Mich., Feb. 6, 2025 /PRNewswire/ -- Universal Logistics Holdings, Inc. (NASDAQ: ULH) today reported consolidated fourth quarter 2024 net income of $20.2 million, or $0.77 per diluted share, on total operating revenues of $465.1 million. This compares to net income of $21.4 million, or $0.81 per diluted share, during fourth quarter 2023 on total operating revenues of $390.9 million. For the full year 2024, Universal reported $4.93 per diluted share, on total operating revenues of $1.85 billion. This compares to $3.53 per diluted share, on total operating revenues of $1.66 billion for the full year 2023.听

In the fourth quarter 2024, Universal's operating income increased $4.2 million to $38.3 million, compared to $34.1 million in the fourth quarter one year earlier. As a percentage of operating revenue, operating margin for the fourth quarter 2024 was 8.2%, compared to 8.7% during the same period last year. EBITDA, a non-GAAP measure, increased $18.7 million during the fourth quarter 2024 to $73.5 million, compared to $54.8 million one year earlier. As a percentage of operating revenue, EBITDA margin for the fourth quarter 2024 was 15.8%, compared to 14.0% during the same period last year.

"Universal notched another solid performance during the fourth quarter, making the full-year 2024 our second best financial performance in company history," stated Tim Phillips, Universal's CEO. "Our contract logistics segment continues to be the cornerstone of our success, and we remain committed to making smart investments in this space, such as our recent acquisition of Parsec. Strong demand for our specialized, heavy-haul services has also enabled our trucking segment to produce solid results during the quarter, and throughout all of 2024. While we are proud of our many successes, we remain focused on improving underperforming operations, gaining efficiencies and maintaining a high-level of cost control. 2024 was an exciting, and challenging year for Universal, and I am deeply thankful for the talented team who guided us through. We will keep pushing forward, delivering exceptional service to our customers while continuing to execute our long-term strategy."

Segment Information:

Contract Logistics

  • Fourth Quarter 2024 Operating Revenues:听 $307.4 million, 52.7% increase
  • Fourth Quarter 2024 Operating Income:听 $39.1 million, 12.7% operating margin

In the contract logistics segment, which includes our value-added and dedicated services, fourth quarter 2024 operating revenues increased 52.7% to $307.4 million, compared to $201.3 million for the same period last year.听 Fourth quarter 2024 revenues included $51.3 million attributable to our specialty development project in Stanton, TN, which was completed during the period, and an additional $59.5 million from the fourth quarter acquisition of Parsec. Included in contract logistics segment revenues were also $8.3 million in separately identified fuel surcharges from dedicated transportation services, compared to $8.9 million during the same period last year. At the end of the fourth quarter 2024, we managed 90 value-added programs, including 20 new rail terminal operations compared to a total of 71 programs at the end of the fourth quarter 2023. Fourth quarter 2024 income from operations increased $7.0 million to $39.1 million, compared to $32.1 million during the same period last year. As a percentage of revenue, operating margin in the contract logistics segment for the fourth quarter 2024 was 12.7%, compared to 15.9% during the same period last year. Included in contract logistics operating results was of $6.0 million of depreciation and amortization expense related to Parsec, which lowered the fourth quarter 2024 operating margin in this segment by 200 bps.

Intermodal

  • Fourth Quarter 2024 Operating Revenues:听 $73.1 million, 15.9% decrease
  • Fourth Quarter 2024 Operating (Loss):听 $(9.7) million, (13.2)% operating margin

Operating revenues in the intermodal segment decreased 15.9% to $73.1 million in the fourth quarter 2024, compared to $86.9 million for the same period last year. Included in intermodal segment revenues for the recently completed quarter were $9.1 million in separately identified fuel surcharges, compared to $13.0 million during the same period last year. Intermodal segment revenues also included other accessorial charges such as detention, demurrage and storage, which totaled $8.6 million during the fourth quarter 2024, compared to $8.7 million one year earlier. Load volumes declined 15.3%, while the average operating revenue per load, excluding fuel surcharges, declined by 2.2% on a year-over-year basis. Fourth quarter 2024 operating losses in the intermodal segment were $(9.7) million compared to an operating loss of $(1.0) million during the same period last year. As a percentage of revenue, operating margin in the intermodal segment for the fourth quarter 2024 was (13.2)%, compared to (1.1)% one year earlier.

Trucking

  • Fourth Quarter 2024 Operating Revenues:听 $83.8 million, 11.5% increase
  • Fourth Quarter 2024 Operating Income:听 $5.8 million, 6.9% operating margin

In the trucking segment, fourth quarter 2024 operating revenues increased 11.5% to $83.8 million, compared to $75.2 million for the same period last year. Fourth quarter 2024 trucking segment revenues included $22.8 million of brokerage services, compared to $30.0 million during the same period last year. Also included in our trucking segment revenues were $4.1 million in separately identified fuel surcharges during the fourth quarter 2024, compared to $5.6 million in fuel surcharges one year earlier. On a year-over-year basis, load volumes declined 17.0%; however, the average operating revenue per load, excluding fuel surcharges, increased 30.5%, which was driven primarily by our specialty, heavy-haul wind business. Income from operations in the fourth quarter 2024 was $5.8 million compared to $2.5 million during the same period last year. As a percentage of revenue, operating margin in the trucking segment for the fourth quarter 2024 was 6.9% compared to 3.3% during the same period last year.

Cash Dividend

Universal Logistics Holdings, Inc. also announced today that its Board of Directors has declared a cash dividend of $0.105 per share of common stock. The dividend is payable to shareholders of record at the close of business on March 3, 2025 and is expected to be paid on April 1, 2025.

Other Matters听

As of December 31, 2024, Universal held cash and cash equivalents totaling $19.4 million and $11.6 million in marketable securities. Outstanding debt at the end of the fourth quarter 2024 was $762.6 million and capital expenditures totaled $37.4 million.听

Universal calculates and reports selected financial metrics not only for purposes of our lending arrangements but also in an effort to isolate and exclude the impact of non-operating expenses related to our corporate development activities. These statistics are described in more detail below in the section captioned "Non-GAAP Financial Measures."

Conference call:

We invite investors and analysts to our quarterly earnings conference call.听

Quarterly Earnings Conference Call Dial-in Details:

Time:

10:00 a.m. Eastern Time

Date:

Friday, February 7, 2025

Call Toll Free:

(800) 836-8184

International Dial-in:

+1 (646) 357-8785

A replay of the conference call will be available through February 14, 2025, by calling (888) 660-6345 (toll free) or +1 (646) 517-4150 (toll) and using encore replay code 40331#. The call will also be available on .

About Universal:

Universal Logistics Holdings, Inc. ("Universal") is a holding company whose subsidiaries provide a variety of customized transportation and logistics solutions throughout the United States and in Mexico, Canada and Colombia. Our operating subsidiaries provide our customers with supply chain solutions that can be scaled to meet their changing demands. We offer our customers a broad array of services across their entire supply chain, including value-added, dedicated, intermodal and trucking services. In this press release, the terms "us," "we," "our," or the "Company" refer to Universal and its consolidated subsidiaries.

Forward Looking Statements

Some of the statements contained in this press release might be considered forward-looking statements. These statements identify prospective information. Forward-looking statements can be identified by words such as: "expect," "anticipate," "intend," "plan," "goal," "prospect," "seek," "believe," "targets," "project," "estimate," "future," "likely," "may," "should" and similar references to future periods. Forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. These forward-looking statements are subject to a number of factors that may cause actual results to differ materially from the expectations described. Additional information about the factors that may adversely affect these forward-looking statements is contained in Universal's reports and filings with the Securities and Exchange Commission. Universal assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws.

UNIVERSAL LOGISTICS HOLDINGS, INC.

Unaudited Condensed Consolidated Statements of Income

(In thousands, except per share data)




Thirteen Weeks Ended



Year Ended




December 31,



December 31,




2024



2023



2024



2023


Operating revenues:













Truckload services


$

61,850



$

46,015



$

234,397



$

213,874


Brokerage services



25,545




58,132




181,259




244,024


Intermodal services



70,379




85,426




300,721




374,667


Dedicated services



77,821




85,541




344,210




343,543


Value-added services



229,536




115,806




785,448




486,031


Total operating revenues



465,131




390,920




1,846,035




1,662,139















Operating expenses:













Purchased transportation and equipment rent



100,320




127,779




482,948




571,213


Direct personnel and related benefits



174,871




130,775




583,251




542,779


Operating supplies and expenses



78,644




40,643




295,558




170,994


Commission expense



4,800




7,221




27,285




31,370


Occupancy expense



12,020




11,195




44,209




44,301


General and administrative



14,081




12,872




55,323




51,839


Insurance and claims



5,719




6,368




26,441




27,163


Depreciation and amortization



36,393




19,975




124,188




77,036


Impairment expense



鈥�




鈥�




3,720




鈥�


Total operating expenses



426,848




356,828




1,642,923




1,516,695


Income from operations



38,283




34,092




203,112




145,444


Interest expense, net



(9,828)




(6,163)




(30,207)




(22,753)


Other non-operating income (expense)



(1,171)




722




837




1,608


Income before income taxes



27,284




28,651




173,742




124,299


Provision for income taxes



7,109




7,239




43,835




31,398


Net income


$

20,175



$

21,412



$

129,907



$

92,901















Earnings per common share:













Basic


$

0.77



$

0.81



$

4.94



$

3.53


Diluted


$

0.77



$

0.81



$

4.93



$

3.53















Weighted average number of common shares outstanding:













Basic



26,318




26,284




26,315




26,284


Diluted



26,358




26,301




26,348




26,308















Dividends declared per common share:


$

0.105



$

0.105



$

0.420



$

0.420


UNIVERSAL LOGISTICS HOLDINGS, INC.

Unaudited Condensed Consolidated Balance Sheets

(In thousands)




December 31,
2024



December 31,
2023


Assets







Cash and cash equivalents


$

19,351



$

12,511


Marketable securities



11,590




10,772


Accounts receivable - net



293,646




287,947


Other current assets



85,226




54,243


Total current assets



409,813




365,473


Property and equipment - net



742,366




561,088


Other long-term assets - net



635,553




326,962


Total assets


$

1,787,732



$

1,253,523









Liabilities and shareholders' equity







Current liabilities, excluding current maturities of debt


$

215,756



$

189,727


Debt - net



759,085




381,924


Other long-term liabilities



165,868




149,674


Total liabilities



1,140,709




721,325


Total shareholders' equity



647,023




532,198


Total liabilities and shareholders' equity


$

1,787,732



$

1,253,523


UNIVERSAL LOGISTICS HOLDINGS, INC.

Unaudited Summary of Operating Data




Thirteen Weeks Ended



Year Ended




December 31,



December 31,




2024



2023



2024



2023


Contract Logistics Segment:













Average number of value-added direct employees



7,337




5,582




5,809




5,521


Average number of value-added full-time equivalents



57




205




88




450


Number of active value-added programs



90




71




90




71















Intermodal Segment:













Number of loads (a)



100,457




118,553




417,790




473,569


Average operating revenue per load, excluding fuel surcharges (a)


$

537



$

549



$

554



$

563


Average number of tractors



1,451




1,830




1,585




2,034


Number of depots



8




9




8




9















Trucking Segment:













Number of loads



36,068




43,468




155,288




178,036


Average operating revenue per load, excluding fuel surcharges


$

2,183



$

1,673



$

1,993



$

1,738


Average number of tractors



699




828




767




877


Average length of haul



394




399




334




390



(a)听听 Excludes operating data from freight forwarding division in order to improve the relevance of the statistical data related

听 听 听 听 to our intermodal听segment and improve the comparability to our peer companies.

UNIVERSAL LOGISTICS HOLDINGS, INC.

Unaudited Summary of Operating Data - Continued

(Dollars in thousands)




Thirteen Weeks Ended



Year Ended




December 31,



December 31,




2024



2023



2024



2023


Operating Revenues by Segment:













Contract logistics


$

307,357



$

201,347



$

1,129,658



$

829,574


Intermodal



73,095




86,874




308,744




382,610


Trucking



83,840




75,168




331,982




333,211


Other



839




27,531




75,651




116,744


Total


$

465,131



$

390,920



$

1,846,035



$

1,662,139















Income from Operations by Segment:













Contract logistics


$

39,094



$

32,079



$

219,084



$

127,752


Intermodal



(9,683)




(964)




(27,741)




1,604


Trucking



5,788




2,488




20,963




17,258


Other



3,084




489




(9,194)




(1,170)


Total


$

38,283



$

34,092



$

203,112



$

145,444


Non-GAAP Financial Measures

In addition to providing consolidated financial statements based on generally accepted accounting principles in the United States of America (GAAP), we are providing additional financial measures that are not required by or prepared in accordance with GAAP (non-GAAP). We present EBITDA and EBITDA margin, each a non-GAAP measure, as supplemental measures of our performance. We define EBITDA as net income plus (i) interest expense, net, (ii) income taxes, (iii) depreciation, and (iv) amortization. We define EBITDA margin as EBITDA as a percentage of total operating revenues. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis.

In accordance with the requirements of Regulation G issued by the Securities and Exchange Commission, we are presenting the most directly comparable GAAP financial measure and reconciling the non-GAAP financial measure to the comparable GAAP measure. Set forth below is a reconciliation of net income, the most comparable GAAP measure, to EBITDA for each of the periods indicated:



Thirteen Weeks Ended



Year Ended




December 31,



December 31,




2024



2023



2024



2023




( in thousands)



( in thousands)


EBITDA













Net income


$

20,175



$

21,412



$

129,907



$

92,901


Income tax expense



7,109




7,239




43,835




31,398


Interest expense, net



9,828




6,163




30,207




22,753


Depreciation



29,198




16,844




102,688




64,365


Amortization



7,195




3,131




21,500




12,671


EBITDA


$

73,505



$

54,789



$

328,137



$

224,088















EBITDA margin (a)



15.8

%



14.0

%



17.8

%



13.5

%


(a)听听 EBITDA margin is computed by dividing EBITDA by total operating revenues for each of the periods indicated.

We present EBITDA and EBITDA margin because we believe they assist investors and analysts in comparing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance.

EBITDA has limitations as an analytical tool. Some of these limitations are:

  • EBITDA does not reflect our cash expenditures, or future requirements, for capital expenditures or contractual commitments;
  • EBITDA does not reflect changes in, or cash requirements for, our working capital needs;
  • EBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on our debts;
  • Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and EBITDA does not reflect any cash requirements for such replacements; and
  • Other companies in our industry may calculate EBITDA differently than we do, limiting its usefulness as a comparative measure.

Because of these limitations, EBITDA and EBITDA margin should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. We compensate for these limitations by relying primarily on our GAAP results and only supplementally on EBITDA and EBITDA margin.

Cision View original content to download multimedia:

SOURCE Universal Logistics Holdings, Inc.

FAQ

What were ULH's Q4 2024 earnings per share compared to Q4 2023?

ULH reported earnings of $0.77 per diluted share in Q4 2024, down 4.9% from $0.81 per diluted share in Q4 2023.

How much did ULH's contract logistics segment revenue grow in Q4 2024?

ULH's contract logistics segment revenue increased 52.7% to $307.4 million in Q4 2024, compared to $201.3 million in Q4 2023.

What was ULH's quarterly dividend declaration for Q4 2024?

ULH declared a quarterly cash dividend of $0.105 per share, payable on April 1, 2025, to shareholders of record as of March 3, 2025.

How did ULH's intermodal segment perform in Q4 2024?

ULH's intermodal segment saw a 15.9% revenue decrease to $73.1 million and reported an operating loss of $9.7 million in Q4 2024.

What was ULH's EBITDA margin in Q4 2024?

ULH's EBITDA margin for Q4 2024 was 15.8%, compared to 14.0% during the same period last year.
Universal Logistics Hldgs Inc

NASDAQ:ULH

ULH Rankings

ULH Latest News

ULH Stock Data

723.11M
6.69M
74.37%
27.96%
0.68%
Trucking
Trucking (no Local)
United States
WARREN