Universal Logistics Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 01, 2022
October 28, 2022 at 01:45 am IST
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Universal Logistics Holdings, Inc. reported earnings results for the third quarter and nine months ended October 01, 2022. For the third quarter, the company reported revenue was USD 505.69 million compared to USD 445.59 million a year ago. Net income was USD 48.48 million compared to USD 10.27 million a year ago. Basic earnings per share from continuing operations was USD 1.84 compared to USD 0.38 a year ago. Diluted earnings per share from continuing operations was USD 1.84 compared to USD 0.38 a year ago.
For the nine months, revenue was USD 1,556.74 million compared to USD 1,283.61 million a year ago. Net income was USD 135.19 million compared to USD 57.53 million a year ago. Basic earnings per share from continuing operations was USD 5.1 compared to USD 2.14 a year ago. Diluted earnings per share from continuing operations was USD 5.09 compared to USD 2.14 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.