Universal Logistics Holdings, Inc. Reports Second Quarter 2026 Financial Results; Declares Dividend

Rhea-AI Summary

Universal Logistics Holdings (NASDAQ: ULH) reported second quarter 2026 operating revenues of $379.3 million, down from $393.8 million a year earlier, with income from operations of $45.1 million and net income of $26.2 million, or $0.99 per diluted share.

Results include a $45.3 million gain on the sale of Kearny, New Jersey real property, a $3.9 million non-cash tractor impairment and $12.3 million of legal-related charges, which together increased operating income by $29.1 million. Adjusted income from operations was $16.0 million, with adjusted EPS of $0.16 and adjusted EBITDA of $49.2 million, versus $56.2 million a year ago.

Contract logistics revenue rose 4.2% to $271.4 million and operating income reached $24.6 million. Intermodal revenue fell 36.0% to $44.1 million with a larger operating loss, while trucking revenue was essentially flat at $63.8 million. The board declared a quarterly dividend of $0.105 per share, payable October 1, 2026, to shareholders of record on September 1, 2026.

Positive

• GAAP EPS rose to $0.99 vs. $0.32 in Q2 2025
• Operating income increased to $45.1 million from $19.9 million year over year
• Contract logistics revenue grew 4.2% to $271.4 million, with 9.1% margin
• Total debt borrowings decreased by $106.8 million since December 31, 2025
• Adjusted EBITDA of $49.2 million, representing a 13.0% margin
• Quarterly dividend of $0.105 per share declared for payment on October 1, 2026

Negative

• Total operating revenue declined to $379.3 million from $393.8 million year over year
• Adjusted operating margin declined to 4.2% from 5.1% in Q2 2025
• Intermodal revenue decreased 36.0% to $44.1 million with a (23.7)% margin
• Intermodal loads fell 34.0%, and revenue per load excluding fuel dropped 6.3%
• Trucking operating margin declined to 4.5% from 5.2% year over year
• Legal and impairment charges totaled $16.2 million in the quarter

Market Context

Tag-matched history recorded an average move of -2.89%. That record places the 2Q26 release alongsid...

Analysis

Tag-matched history recorded an average move of -2.89%. That record places the 2Q26 release alongside a mixed operating picture: contract logistics improved, while intermodal weakened. Investors can watch whether intermodal losses narrow and adjusted profitability stabilizes.

Key Figures

Operating Revenue: $379.3 million GAAP EPS: $0.99 per share Adjusted Diluted EPS: $0.16 per diluted share +5 more

8 metrics

Operating Revenue $379.3 million Q2 2026

GAAP EPS $0.99 per share Q2 2026 vs. $0.32 in Q2 2025

Adjusted Diluted EPS $0.16 per diluted share Q2 2026 vs. $0.32 in Q2 2025

Adjusted Operating Margin 4.2% Q2 2026 vs. 5.1% in Q2 2025

Intermodal Revenue $44.1 million Q2 2026, down 36.0% year over year

Intermodal Operating Loss $(10.4) million Q2 2026 vs. $(5.7) million in Q2 2025

Quarterly Dividend $0.105 per share Declared for common stock

Outstanding Borrowings $695.5 million As of July 4, 2026; decreased $59.2 million during the quarter

Previous Dividends,earnings Reports

5 past events · Latest: May 01 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 01	1Q26 earnings	Negative	-28.0%	Net loss and weaker operating results accompanied the quarterly dividend declaration.
Mar 13	4Q25 earnings	Positive	+9.8%	Positive earnings and dividend announcement preceded a 9.81% 24-hour increase.
Nov 06	3Q25 earnings	Negative	-1.4%	Operating and net losses included substantial intermodal impairment charges.
Jul 24	2Q25 earnings	Negative	+9.9%	Revenue and earnings declined broadly despite the quarterly dividend declaration.
Apr 24	1Q25 earnings	Negative	-4.8%	Revenue, operating income, and net income all declined year over year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Tag-matched earnings and dividend announcements recorded an average 24-hour move of -2.89%, with four of five reactions aligned with the announcement sentiment.

Key Terms

gaap, non-gaap financial measures, adjusted ebitda, non-cash impairment charge

4 terms

gaap financial

"Second Quarter 2026 GAAP Earnings Per Share: $0.99 per share"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

non-gaap financial measures financial

"These non-GAAP financial measures include adjusted income from operations"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

adjusted ebitda financial

"The Company's adjusted EBITDA, a non-GAAP measure"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-cash impairment charge financial

"a $3.9 million non-cash impairment charge related to a group of tractors"

A non-cash impairment charge is an accounting write-down that lowers the recorded value of an asset on a company’s books when that asset is judged to be worth less than before. It reduces reported profit for the period without using any cash — like lowering the listed price of a used car in your records — and matters to investors because it can shrink earnings, change valuation metrics, and signal potential problems that might affect future cash flow or credit terms.

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• Second Quarter 2026 Operating Revenues:  $379.3 million
• Second Quarter 2026 Operating Income:  $45.1 million
• Second Quarter 2026 GAAP Earnings Per Share:  $0.99 per share
• Second Quarter 2026 Adjusted Earnings Per Share:  $0.16 per share
• Declares Quarterly Dividend:  $0.105 per share

WARREN, Mich., July 31, 2026 /PRNewswire/ -- Universal Logistics Holdings, Inc. (NASDAQ: ULH) today reported consolidated operating revenues of $379.3 million, income from operations of $45.1 million, net income of $26.2 million, and $0.99 GAAP earnings per basic and diluted share for the second quarter 2026.

Universal's operating results for the second quarter 2026 include a $45.3 million gain on the sale of certain real property located in Kearny, New Jersey, a $3.9 million non-cash impairment charge related to a group of tractors that are no longer expected to be utilized in operations and $12.3 million of charges related to developments in outstanding legal matters during the period.  In the aggregate, these items increased operating income by $29.1 million and are included in our other non-reportable segment.

For comparative purposes, Universal reported total operating revenues of $393.8 million, income from operations of $19.9 million, net income of $8.3 million, and $0.32 earnings per basic and diluted share for the corresponding period last year.

Universal's operating margin, calculated using GAAP income from operations, was 11.9% for the second quarter of 2026, compared with 5.1% during the same period last year. Excluding the gain recognized in connection with the Kearny sale, non-cash impairment charge and legal charges, the Company's adjusted income from operations in the second quarter 2026, a non-GAAP measure, was $16.0 million. As a percentage of total operating revenue, Universal's adjusted operating margin, a non-GAAP measure, for the second quarter 2026 was 4.2%, compared to an adjusted operating margin of 5.1% during the same period last year. The Company's second quarter 2026 adjusted earnings, a non-GAAP measure, was $0.16 per diluted share.

The Company's adjusted EBITDA, a non-GAAP measure, during the second quarter 2026 was $49.2 million, compared to adjusted EBITDA of $56.2 million one year earlier. As a percentage of total operating revenue, Universal's adjusted EBITDA margin, a non-GAAP measure, for the second quarter 2026 was 13.0%, compared to adjusted EBITDA margin of 14.3% during the same period last year.

The Company provides reconciliations of each non-GAAP financial measure used in this release to the most directly comparable financial measures calculated and presented in accordance with GAAP. These quantitative reconciliations, together with management's explanation of the purposes for which the non-GAAP measures are presented in the accompanying tables and related disclosures.

"Our second quarter results reflect improved execution within our portfolio of transportation and logistics services," stated Tim Phillips, Universal's CEO. "Our contract logistics and trucking segments delivered solid results, reflecting our disciplined operating approach and commitment to providing best-in-class service. We also made meaningful progress within our intermodal segment, positioning the business to benefit from a continued recovery in freight markets. While we recognize that the recovery remains in its early stages and market conditions continue to evolve, we believe the freight cycle is moving in a favorable direction. We remain committed to executing our long-term strategy, investing in our people and operations, and creating sustainable value for our customers and stockholders."

Contract Logistics

• Second Quarter 2026 Operating Revenues:  $271.4 million
• Second Quarter 2026 Operating Income:  $24.6 million

In the contract logistics segment, which includes our value-added and dedicated services, second quarter 2026 operating revenues increased 4.2% to $271.4 million, compared to $260.6 million for the same period last year.

Contract logistics segment revenues included $10.5 million in separately identified fuel surcharges from dedicated transportation services, compared to $7.3 million during the same period last year. At the end of the second quarter 2026, we managed 79 value-added programs, compared to 87 programs at the end of the second quarter 2025.

Income from operations in the contract logistics segment during the second quarter 2026 was $24.6 million, compared to $21.8 million during the same period last year. As a percentage of revenue, operating margin in the contract logistics segment for the quarter was 9.1%, compared to 8.4% during the same period last year.

Intermodal

• Second Quarter 2026 Operating Revenues:  $44.1 million
• Second Quarter 2026 Operating (Loss):  $(10.4) million

Operating revenues in the intermodal segment decreased 36.0% to $44.1 million in the second quarter, compared to $68.9 million for the same period last year. The year-over-year decline reflects lower load volumes and continued softness in demand and pricing pressures.

Intermodal segment revenues included $7.1 million in separately identified fuel surcharges, compared to $8.2 million during the same period last year. Intermodal segment revenues also include other accessorial charges such as detention, demurrage and storage, which totaled $5.2 million during the quarter, compared to $9.2 million one year earlier.

Load volumes declined 34.0%, and the average operating revenue per load, excluding fuel surcharges, declined an additional 6.3% on a year-over-year basis. In the second quarter 2026, the intermodal segment incurred an operating loss of $(10.4) million compared to an operating loss of $(5.7) million during the same period last year. As a percentage of revenue, operating margin in the intermodal segment for the second quarter 2026 was (23.7)%, compared to (8.2)% one year earlier.

Trucking

• Second Quarter 2026 Operating Revenues:  $63.8 million
• Second Quarter 2026 Operating Income:  $2.9 million

Operating revenues in the trucking segment decreased slightly to $63.8 million, compared to $64.1 million during the same period last year.

Trucking segment revenues included $18.8 million from brokerage services, compared to $18.4 million during the same period last year. Also included in our trucking segment revenues for the quarter were $5.6 million in separately identified fuel surcharges, compared to $3.4 million in fuel surcharges during the same period last year.

On a year-over-year basis, load volumes declined 15.7%; however, the average operating revenue per load, excluding fuel surcharges, increased 15.5%. Income from operations in the trucking segment was to $2.9 million compared to $3.3 million during the same period last year. As a percentage of revenue, the segment's operating margin was 4.5% compared to 5.2% 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 stockholders of record at the close of business on September 1, 2026 and is expected to be paid on October 1, 2026.

Other Matters 

As of July 4, 2026, Universal held cash and cash equivalents totaling $20.3 million and had total outstanding borrowings of $695.5 million, a decrease of $59.2 million during the quarter and $106.8 million since December 31, 2025. At July 4, 2026, the Company had approximately $238.8 million available under its $500 million revolving credit facility and was in compliance with its financial covenants. Capital expenditures during the quarter totaled $67.7 million, including a $55.0 million non-cash expenditure related to the previously disclosed property exchange.

Universal also reports selected non-GAAP financial measures to supplement its financial results presented in accordance with GAAP. These measures and the corresponding reconciliations to GAAP are described in more detail below in the section captioned "Non-GAAP Financial Measures."

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 and Canada. 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

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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. Statements regarding freight-market conditions and recovery, future demand and pricing, operating initiatives and the Company's strategies and objectives are forward-looking statements.

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 risks and uncertainties include, but are not limited to, market conditions; customer demand; pricing and competitive pressures; the timing, execution, and effectiveness of cost-reduction, efficiency, or restructuring initiatives; operating costs; labor availability; and other factors affecting operating income and margins.

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								Twenty-six Weeks Ended
		July 4,				June 28,				July 4,				June 28,
		2026				2025				2026				2025
Operating revenues:
Truckload services		$	45,039			$	45,922			$	79,017			$	83,700
Brokerage services			19,449				19,571				36,201				39,836
Intermodal services			43,411				67,745				90,723				136,199
Dedicated services			88,106				81,828				172,224				166,835
Value-added services			183,318				178,728				368,733				349,613
Total operating revenues			379,323				393,794				746,898				776,183
Operating expenses:
Purchased transportation and equipment rent			67,014				81,508				127,692				161,251
Direct personnel and related benefits			164,798				168,032				341,002				332,533
Operating supplies and expenses			56,287				50,358				104,614				101,669
Commission expense			4,468				4,395				8,653				8,651
Occupancy expense			16,264				11,803				31,823				23,056
General and administrative			16,019				14,026				31,088				27,203
Insurance and claims			17,523				7,599				25,121				14,563
Depreciation and amortization			33,184				36,203				68,827				71,691
(Gain) on disposal of property and equipment			(45,257)				(23)				(45,722)				(7)
Impairment expense			3,886				—				3,886				—
Total operating expenses			334,186				373,901				696,984				740,610
Income from operations			45,137				19,893				49,914				35,573
Interest expense, net			(10,560)				(8,852)				(20,266)				(17,075)
Other non-operating income (expense)			(2)				149				293				727
Income before income taxes			34,575				11,190				29,941				19,225
Provision for income taxes			8,389				2,874				7,266				4,895
Net income		$	26,186			$	8,316			$	22,675			$	14,330
Earnings per common share:
Basic		$	0.99			$	0.32			$	0.86			$	0.54
Diluted		$	0.99			$	0.32			$	0.86			$	0.54
Weighted average number of common shares outstanding:
Basic			26,370				26,331				26,361				26,325
Diluted			26,370				26,341				26,361				26,341
Dividends declared per common share:		$	0.105			$	0.105			$	0.210			$	0.210

 

UNIVERSAL LOGISTICS HOLDINGS, INC. Unaudited Condensed Consolidated Balance Sheets (In thousands)
		July 4, 2026				December 31, 2025
Assets
Cash and cash equivalents		$	20,311			$	26,846
Marketable securities			—				10,351
Accounts receivable - net			267,374				261,337
Other current assets			90,052				84,308
Total current assets			377,737				382,842
Property and equipment - net			779,747				819,495
Other long-term assets - net			525,530				569,651
Total assets		$	1,683,014			$	1,771,988
Liabilities and stockholders' equity
Current liabilities, excluding current maturities of debt		$	217,482			$	203,245
Debt - net			692,582				797,571
Other long-term liabilities			211,904				230,817
Total liabilities			1,121,968				1,231,633
Total stockholders' equity			561,046				540,355
Total liabilities and stockholders' equity		$	1,683,014			$	1,771,988

 

UNIVERSAL LOGISTICS HOLDINGS, INC. Unaudited Summary of Operating Data
		Thirteen Weeks Ended								Twenty-six Weeks Ended
		July 4,				June 28,				July 4,				June 28,
		2026				2025				2026				2025
Contract Logistics Segment:
Average number of value-added direct employees			6,792				7,407				7,028				7,329
Average number of value-added full-time equivalents			43				48				46				42
Number of active value-added programs			79				87				79				87
Intermodal Segment:
Number of loads (a)			62,291				94,327				140,121				195,797
Average operating revenue per load, excluding fuel surcharges (a)		$	521			$	556			$	489			$	540
Average number of tractors			1,017				1,392				1,079				1,396
Number of depots			8				8				8				8
Trucking Segment:
Number of loads			26,519				31,451				52,595				60,073
Average operating revenue per load, excluding fuel surcharges		$	2,226			$	1,927			$	1,996			$	1,902
Average number of tractors			520				602				533				617
Average length of haul			402				369				392				381

(a)	Excludes operating data from freight forwarding division in order to improve the relevance of the statistical data related to our brokerage services and improve the comparability to our peer companies.

 

UNIVERSAL LOGISTICS HOLDINGS, INC. Unaudited Summary of Operating Data - Continued (Dollars in thousands)
		Thirteen Weeks Ended								Twenty-six Weeks Ended
		July 4,				June 28,				July 4,				June 28,
		2026				2025				2026				2025
Operating Revenues by Segment:
Contract logistics		$	271,424			$	260,556			$	540,957			$	516,448
Intermodal			44,077				68,914				91,931				139,610
Trucking			63,822				64,069				114,010				119,652
Other			—				255				—				473
Total		$	379,323			$	393,794			$	746,898			$	776,183
Income from Operations by Segment:
Contract logistics		$	24,599			$	21,770			$	42,071			$	45,629
Intermodal			(10,450)				(5,676)				(23,566)				(16,385)
Trucking			2,855				3,340				3,421				5,530
Other			28,133				459				27,988				799
Total		$	45,137			$	19,893			$	49,914			$	35,573

Non-GAAP Financial Measures

This press release contains financial measures that are not calculated in accordance with U.S. generally accepted accounting principles ("GAAP"). These non-GAAP financial measures include adjusted income from operations, adjusted net income, adjusted earnings per diluted share, adjusted operating margin, adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"), and adjusted EBITDA margin.

The Company believes these non-GAAP financial measures provide useful supplemental information to investors by facilitating comparisons of operating performance across periods and by excluding certain items and impairment charges that may not be indicative of our core operating results. These measures are used internally by management to analyze operating performance, develop budgets, and forecast future periods. However, these non-GAAP measures should not be considered in isolation or as a substitute for GAAP financial measures, and other companies may calculate similarly titled measures differently.

Reconciliation to GAAP Measures

Reconciliations of each non-GAAP measure to the most directly comparable GAAP measure are included in the accompanying tables in this press release. Set forth below is a reconciliation of income from operations, the most comparable GAAP measure, to adjusted income from operations; and of net income, the most comparable GAAP measure, to adjusted net income, adjusted diluted earnings per share, and adjusted EBITDA for each of the periods indicated. The Company encourages investors to review these reconciliations in conjunction with our GAAP results.

		Thirteen Weeks Ended								Twenty-six Weeks Ended
		July 4,				June 28,				July 4,				June 28,
		2026				2025				2026				2025
		( in thousands, except percentages)								( in thousands, except percentages)
Adjusted income from operations
Income from operations		$	45,137			$	19,893			$	49,914			$	35,573
(Gain) on Kearny sale			(45,274)				—				(45,274)				—
Legal charges			12,250				—				12,250				—
Impairment expense			3,886				—				3,886				—
Adjusted income from operations		$	15,999			$	19,893			$	20,776			$	35,573
Adjusted operating margin (a)			4.2	%			5.1	%			2.8	%			4.6	%
Adjusted net income and adjusted diluted earnings per share
Net income		$	26,186			$	8,316			$	22,675			$	14,330
(Gain) on Kearny sale, net of income taxes (b)			(34,289)				—				(34,287)				—
Legal charges, net of income taxes (b)			9,278				—				9,277				—
Impairment expense, net of income taxes (b)			2,943				—				2,943				—
Adjusted net income		$	4,118			$	8,316			$	608			$	14,330
Adjusted diluted earnings per share (c)		$	0.16			$	0.32			$	0.02			$	0.54

(a)	Adjusted operating margin is computed by dividing adjusted income from operations by total operating revenues for each of the periods indicated.
(b)	For both the thirteen and twenty-six week periods ended July 4, 2026, the Company utilized an effective tax rate of 24.3%.
(c)	Adjusted diluted earnings per share is computed by dividing adjusted net income by the weighted average number of diluted common shares outstanding for each of the periods indicated.

 

		Thirteen Weeks Ended								Twenty-six Weeks Ended
		July 4,				June 28,				July 4,				June 28,
		2026				2025				2026				2025
		( in thousands, except percentages)								( in thousands, except percentages)
Adjusted EBITDA
Net income		$	26,186			$	8,316			$	22,675			$	14,330
Income tax expense			8,389				2,874				7,266				4,895
Interest expense, net			10,560				8,852				20,266				17,075
Depreciation			30,359				30,596				63,164				60,585
Amortization			2,825				5,607				5,663				11,106
EBITDA			78,319				56,245				119,034				107,991
(Gain) on Kearny sale			(45,274)				—				(45,274)				—
Legal charges			12,250				—				12,250				—
Impairment expense			3,886				—				3,886				—
Adjusted EBITDA		$	49,181			$	56,245			$	89,896			$	107,991
Adjusted EBITDA margin (d)			13.0	%			14.3	%			12.0	%			13.9	%

(d)	Adjusted EBITDA margin is computed by dividing adjusted EBITDA by total operating revenues for each of the periods indicated.

We present adjusted income from operations, adjusted operating margin, adjusted net income, adjusted diluted earnings per share, adjusted EBITDA, and adjusted 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.

Adjusted income from operations, adjusted net income, adjusted diluted earnings per share, and adjusted EBITDA have limitations as an analytical tool. Some of these limitations are:

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

Because of these limitations, adjusted income from operations, adjusted operating margin, adjusted net income, adjusted diluted earnings per share, adjusted EBITDA and adjusted 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 adjusted income from operations, adjusted operating margin, adjusted net income, adjusted diluted earnings per share, adjusted EBITDA and adjusted EBITDA margin.

 

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SOURCE Universal Logistics Holdings, Inc.

FAQ

How did Universal Logistics (ULH) perform financially in Q2 2026?

Universal Logistics reported Q2 2026 revenue of $379.3 million and net income of $26.2 million, or $0.99 per diluted share. According to Universal, operating income was $45.1 million, supported by a $45.3 million real estate gain and offset by impairment and legal-related charges.

What were Universal Logistics (ULH) non-GAAP results for Q2 2026?

Universal Logistics reported Q2 2026 adjusted EPS of $0.16 and adjusted income from operations of $16.0 million. According to Universal, adjusted EBITDA was $49.2 million, down from $56.2 million a year earlier, with an adjusted EBITDA margin of 13.0% versus 14.3% in Q2 2025.

How did Universal Logistics (ULH) business segments perform in Q2 2026?

In Q2 2026, contract logistics revenue rose to $271.4 million, intermodal revenue fell to $44.1 million, and trucking revenue was $63.8 million. According to Universal, contract logistics achieved 9.1% operating margin, while intermodal posted a (23.7)% margin and trucking a 4.5% margin.

What dividend did Universal Logistics (ULH) declare for Q2 2026?

Universal Logistics declared a cash dividend of $0.105 per share of common stock. According to Universal, the dividend is payable on October 1, 2026, to shareholders of record at the close of business on September 1, 2026, continuing its stated dividend level.

How did Universal Logistics (ULH) debt and liquidity change by July 4, 2026?

Universal Logistics reported total borrowings of $695.5 million and cash of $20.3 million as of July 4, 2026. According to Universal, borrowings declined by $59.2 million during the quarter and $106.8 million since December 31, 2025, with $238.8 million available under its $500 million revolver.

What impacted Universal Logistics (ULH) Q2 2026 GAAP results versus adjusted results?

Universal’s Q2 2026 GAAP results included a $45.3 million real estate gain, a $3.9 million impairment and $12.3 million legal-related charges. According to Universal, these items increased operating income by $29.1 million, leading to adjusted operating income of $16.0 million and adjusted EPS of $0.16.

How is Universal Logistics (ULH) intermodal segment trending in Q2 2026?

Universal’s intermodal segment generated $44.1 million in Q2 2026 revenue and a $10.4 million operating loss. According to Universal, revenue declined 36.0% year over year, loads fell 34.0%, revenue per load excluding fuel decreased 6.3%, and operating margin was (23.7)% versus (8.2)% last year.