Universal Logistics Reports Financial Results for Q4 of FY2022

Earnings Overview

Universal Logistics ($NASDAQ:ULH) reported financial results for the fourth quarter of fiscal year 2022 (ending December 31, 2022), showing total revenue of USD 33.5 million, a 106.5% increase from the same period in 2021. Net income for the quarter was USD 458.7 million, representing a slight decrease of 1.9% year-over-year.

Transcripts Simplified

Universal Logistics reported record operating income of $240.4 million and $6.37 per basic/diluted share for 2022. Truckload group retained pricing/fuel surcharge levels despite lackluster peak season due to inflation/inventory destocking. Contract logistics segment expanded top line revenue/operating margin due to diversified service offerings. Reimagined automotive launch in Detroit, obtained company assets in tight equipment market, formed partnership with Teamsters in LA/Long Beach to build skilled driver group.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Universal Logistics. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Universal Logistics. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Universal Logistics. More…

Key Ratios Snapshot

Some of the financial key ratios for Universal Logistics are shown below. More…

Share Price

The stock opened at $42.5 and closed at $41.4, down by 2.5% from the previous closing price of $42.5. This can be attributed to the improved financial performance of the company which has resulted in increased profits, as well as increased cash flow. This is a testament to the company’s resilient business model and commitment to delivering value to its shareholders. This signals a positive outlook for the company and its investors in the future. Live Quote…

Analysis

At GoodWhale, we have recently conducted an analysis of UNIVERSAL LOGISTICS‘s financials. The results show that the company is a low risk investment, both in terms of financial and business aspects. We encourage any potential investors to register on goodwhale.com and take a deeper look into the areas of the business and finances that may carry potential risks. We believe that by doing so, investors can make an informed and responsible decision when it comes to investing in UNIVERSAL LOGISTICS. More…

Peers

Universal Logistics Holdings Inc is one of the leading trucking and logistics companies in North America. The company operates through its subsidiaries, which include Universal Truckload Services, Inc., Universal Intermodal Services, Inc., and Universal Dedicated Services, Inc. The company has a strong focus on providing quality services to its customers and has a strong reputation in the industry. The company’s competitors include USA Truck Inc, TFI International Inc, Kerry TJ Logistics Co Ltd.

– USA Truck Inc ($TSX:TFII)

TFI International Inc is a leading provider of transportation and logistics services in North America. The company has a market cap of 11.35B as of 2022 and a Return on Equity of 24.37%. TFI International Inc operates through four segments: Package and Courier, Less-than-Truckload, Truckload, and Logistics. The company offers a wide range of services including package and courier, less-than-truckload, truckload, and logistics.

– TFI International Inc ($TWSE:2608)

Kerry TJ Logistics Co Ltd is a logistics company that provides transportation and logistics services. The company has a market cap of $16.34 billion as of 2022 and a return on equity of 10.94%. Kerry TJ Logistics Co Ltd provides transportation and logistics services to businesses and individuals worldwide. The company offers a wide range of services, including air and ocean freight forwarding, warehousing, distribution, and supply chain management. Kerry TJ Logistics Co Ltd has a strong network of partners and suppliers, and its experienced team of professionals provides high-quality services to its clients.

Summary

Universal Logistics‘ fourth quarter results for FY 2022 indicate solid growth with total revenue increasing by 106.5%. Net income for the quarter decreased by 1.9%, however, overall the company showed considerable improvement. When assessing Universal Logistics as an investment opportunity, investors should note the immense revenue growth and its potential for continued success.

Additionally, the company’s management team should be further scrutinized to assess its ability to handle future growth. Ultimately, this high-growth business could be an attractive investment opportunity in the logistics industry.