Universal Logistics Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 30, 2024
April 26, 2024 at 02:05 am IST
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Universal Logistics Holdings, Inc. reported earnings results for the first quarter ended March 30, 2024. For the first quarter, the company reported revenue was USD 491.91 million compared to USD 437.4 million a year ago. Net income was USD 52.46 million compared to USD 24.88 million a year ago.
Basic earnings per share from continuing operations was USD 1.99 compared to USD 0.95 a year ago. Diluted earnings per share from continuing operations was USD 1.99 compared to USD 0.95 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. 