Universal Logistics Hldgs Inc Stock Price, News & Analysis

Universal Logistics Holdings (NASDAQ: ULH) will participate in Cowen's 15th Annual Global Transportation & Sustainable Mobility Conference. CEO Tim Phillips and CFO Jude Beres are set to engage in a fireside chat on September 7, 2022, starting at 12:20 PM ET. The event will be broadcast live through a webcast available on Universal's official website, with a replay accessible afterward. Universal offers a range of logistics solutions across North America and operates subsidiaries providing comprehensive supply chain services.

Universal Logistics Holdings reported strong second quarter 2022 results, achieving record operating revenues of $527.2 million, a 24.7% year-over-year increase. Net income rose to $44.7 million or $1.69 per share, compared to $25.6 million in Q2 2021. The company declared a quarterly dividend of $0.105 per share, payable on October 3, 2022. Operating income improved to $64.7 million with a margin of 12.3%. Notable segments included contract logistics and intermodal, both showing significant revenue growth. However, the company remains cautious about macroeconomic pressures affecting the logistics sector.

Universal Logistics Holdings (NASDAQ: ULH) plans to release its second quarter 2022 financial results after market close on July 28, 2022. A conference call will be held on July 29, 2022, at 10:00 a.m. ET to discuss the results. Investors can participate via toll-free or international numbers provided in the release. The call will be available for replay until August 5, 2022. Universal specializes in customized transportation and logistics solutions across the U.S., Mexico, Canada, and Colombia.

Universal Logistics Holdings, Inc. (NASDAQ: ULH) announced the completion of its modified Dutch auction tender offer, expiring June 15, 2022. The company accepted 164,189 shares, approximately 0.62% of its outstanding shares, at a purchase price of $28.00 per share. This totaled approximately $4.6 million, excluding fees. Post-tender offer, ULH will have about 26,277,549 shares outstanding. The company may consider future share repurchases, contingent upon various market factors.

On June 16, 2022, Universal Logistics Holdings, Inc. (NASDAQ: ULH) reported preliminary results of its modified Dutch auction tender offer, which concluded on June 15, 2022. Approximately 164,189 shares were tendered at a price of $28.00 each, totaling about $4.6 million. This represents 0.62% of the company’s outstanding shares as of May 12, 2022. The final results will be confirmed by Computershare by June 21, 2022. Future share purchases may occur depending on market conditions and business performance, but no additional repurchases can happen before June 30, 2022.

Universal Logistics Holdings (NASDAQ: ULH) has initiated a modified "Dutch auction" tender offer to repurchase up to 100,000 shares, approximately 0.4% of its common stock. The buyback price ranges from $25.00 to $28.00 per share. Funding will come from the company's cash reserves and existing line of credit. The offer expires on June 15, 2022. This decision reflects the company’s strong cash position and commitment to enhancing shareholder value through strategic buybacks.

Universal Logistics Holdings reported record first-quarter 2022 results, with net income of $42 million, or $1.56 per share, a 95% year-over-year increase. Operating revenues rose to $523.9 million, up 26.2%, and operating income reached $57.8 million, an 85.7% increase, resulting in an operating margin of 11.0%. The company declared a quarterly dividend of $0.105 per share, payable on July 5, 2022. Despite industry challenges, CEO Tim Phillips expressed confidence in achieving $2 billion in revenue for 2022. Share repurchases totaled 257,261 shares at an average price of $20.42.

Universal Logistics Holdings, Inc. (NASDAQ: ULH) will release its first-quarter 2022 financial results after market closure on May 5, 2022. The earnings call is set for May 6, 2022, at 10:00 a.m. ET. This call will allow investors to gain insights into the company's financial performance and management strategies.

The company specializes in customized transportation and logistics solutions across the U.S., Mexico, Canada, and Colombia, aiming to offer scalable supply chain solutions.

Universal Logistics Holdings (NASDAQ: ULH) reported a fourth-quarter 2021 net income of $16.2 million, or $0.60 per share, on record quarterly revenues of $467.4 million, marking a 21% year-over-year increase. Despite these achievements, operating results were impacted by $11.0 million in charges related to auto liability claims and contract logistics losses. For the full year 2021, net income was $2.74 per share, and total revenues reached $1.75 billion, both representing historical highs for the company. A cash dividend of $0.105 per share was also declared, payable on April 4, 2022.