Universal Logistics Hldgs Inc SEC Filings

Universal Logistics Holdings reported that Chief Executive Officer and director Timothy Phillips received a grant of 7,215 shares of restricted common stock on February 4, 2026, at a reference price of $18.92 per share. After this equity award, he directly beneficially owns 104,491 common shares.

The restricted shares will vest in four equal 25% installments on March 15 of 2027, 2028, 2029 and 2030, as long as he remains employed by Universal Logistics Holdings. Vesting may be accelerated if the Compensation and Stock Option Committee takes specific action.

Universal Logistics Holdings (ULH) reported a Q3 2025 net loss driven by a non‑cash impairment. Revenue was $396.8 million versus $426.8 million a year ago. The company recorded $81.2 million of impairment charges in the quarter, including $58.0 million of goodwill and $23.2 million of customer‑relationship intangibles tied to the intermodal segment, reflecting reduced demand, lower margins, and a higher discount rate.

Q3 net loss was $74.8 million, or $2.84 per share, compared to net income of $26.5 million last year. Year‑to‑date revenue was $1,173.0 million versus $1,380.9 million, with a year‑to‑date net loss of $60.4 million. Operating cash flow for the first thirty‑nine weeks was $135.9 million.

At quarter‑end, total assets were $1,817.1 million and total debt was $824.2 million. Subsequent events included a Revolving Credit Facility increase to $500.0 million and a $195.9 million credit tenant lease financing at 6.84%, used to fully repay $35.3 million under the UACL Credit Agreement and prepay $158.6 million on the revolver, leaving $218.8 million outstanding. A cash dividend of $0.105 per share was declared.

Universal Logistics Holdings, Inc. (ULH) filed an amended report to quantify a material non-cash impairment for Q3 2025 and announce a cash dividend. The company determined total impairment charges of $81.2 million, including $58.0 million to goodwill and $23.2 million to previously acquired customer lists tied to its intermodal segment. These will be reflected in results for the quarter ended September 27, 2025 and adjusted for in certain non-GAAP measures referenced in the earnings release.

The board also declared a cash dividend of $0.105 per share, payable on January 2, 2026 to shareholders of record on December 1, 2025. The company noted it is reasonably possible additional future cash or non-cash charges may be recognized, which could affect results and cash flows in the periods recorded.

Universal Logistics Holdings (ULH) completed a credit tenant lease financing through subsidiary UDOT CTL-Funding, LLC. The Borrower issued a senior secured promissory note of approximately $195.9 million at a fixed 6.84% interest rate, requiring monthly principal and interest payments, with the full balance due at maturity on November 15, 2034. The note is secured by the Borrower’s subleasehold interest under a composite sublease with an investment‑grade credit tenant, and debt service is intended to be funded from the tenant’s rent payments.

The obligations are non‑recourse to Universal and its affiliates except for specific carve‑outs under a Limited Guaranty and Environmental Indemnity, including a shortfall and make‑whole payment if the credit tenant prepays rent. If the tenant does not pay rent, the note holder’s sole recourse is to the collateral. Separately, the Board appointed Marcus D. Hudson to the audit committee, confirming his independence and audit committee financial expert qualifications.

Universal Logistics Holdings (ULH) disclosed it will record a material non-cash impairment charge related to certain intangible assets in its intermodal segment in connection with preparing financial statements for the quarter ended September 27, 2025.

The company is finalizing the calculation of the impairment amount and will file an amendment once the estimate is determined. ULH also postponed the planned release of its third-quarter results, previously scheduled for October 23, 2025, and delayed the investor conference call previously set for October 24, 2025. A new date for the earnings release and call will be announced after the financial reporting process is complete.

Universal Logistics Holdings, Inc. entered into a third amendment to its syndicated credit agreement, increasing the maximum revolving credit facility by $100.0 million to a total of $500.0 million through a partial exercise of the agreement’s accordion feature. This boosts the company’s available borrowing capacity under its primary revolving line.

The amendment also permits a Universal subsidiary to borrow up to $200.0 million under a potential credit tenant lease financing, as long as the net proceeds are used to fully repay all obligations under a separate credit and security agreement dated September 30, 2022 and to partially prepay outstanding revolving loans under the amended facility. The agreement includes customary covenants, financial ratio requirements, mandatory prepayment provisions, and standard events of default, including payment failures, covenant breaches, change of control, and certain bankruptcy or insolvency events.