Universal Logistics Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 01, 2023
July 27, 2023 at 04:15 pm EDT
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Universal Logistics Holdings, Inc. reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported revenue was USD 412.57 million compared to USD 527.18 million a year ago. Net income was USD 23.57 million compared to USD 44.7 million a year ago. Basic earnings per share from continuing operations was USD 0.9 compared to USD 1.69 a year ago. Diluted earnings per share from continuing operations was USD 0.9 compared to USD 1.69 a year ago.
For the six months, revenue was USD 849.97 million compared to USD 1,051.04 million a year ago. Net income was USD 48.44 million compared to USD 86.71 million a year ago. Basic earnings per share from continuing operations was USD 1.84 compared to USD 3.25 a year ago. Diluted earnings per share from continuing operations was USD 1.84 compared to USD 3.25 a year ago.
Universal Logistics Holdings, Inc. is a holding company, providing a variety of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada and Colombia. Its segments include contract logistics, intermodal, trucking, and company-managed brokerage. The contract logistics segment delivers value-added and dedicated transportation services to support in-bound logistics to original equipment manufacturers and retailers on a contractual basis. The intermodal segment is associated with local and regional drayage moves that are coordinated by company-managed terminals using a mix of owner-operators, company equipment and third-party capacity providers (broker carriers). The trucking segment's operations are associated with individual freight shipments coordinated by its agents. The company-managed brokerage segment provides for the pick-up and delivery of individual freight shipments using broker carriers, coordinated by its company-managed operations.
UNIVERSAL LOGISTICS HOLDINGS, INC. 
