UNIVERSAL LOGISTICS Reports Q2 Fiscal Year 2023 Earnings Results
August 8, 2023
🌥️Earnings Overview
On June 30, 2023, UNIVERSAL LOGISTICS ($NASDAQ:ULH) announced its financial results for Q2 of the fiscal year 2023, with total revenue of USD 412.6 million, a 21.7% decrease from the same period in the previous year. Net income for the same period was USD 23.6 million, a 47.3% decrease from the previous year.
Market Price
On Thursday, UNIVERSAL LOGISTICS reported its financial results for the second quarter of Fiscal Year 2023. The stock opened at $31.6 and closed at the same price at the end of the trading session, down by 0.3% from its prior closing price of 31.7. This points to improved operational efficiency and cost containment measures, which enabled them to report higher profits despite a challenging market environment.
The company’s strong performance in the second quarter gives investors confidence that UNIVERSAL LOGISTICS’s strategy of strengthening its core business is paying off. Looking ahead, the company expects to continue to generate strong growth and returns for its shareholders in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Universal Logistics. More…
| Total Revenues | Net Income | Net Margin |
| 1.81k | 130.37 | 7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Universal Logistics. More…
| Operations | Investing | Financing |
| 236.77 | -103.74 | -78.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Universal Logistics. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.24k | 745.98 | 17.81 |
Key Ratios Snapshot
Some of the financial key ratios for Universal Logistics are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.2% | 64.9% | 10.7% |
| FCF Margin | ROE | ROA |
| 5.2% | 25.9% | 9.8% |
Analysis
At GoodWhale, we have conducted an analysis of UNIVERSAL LOGISTICS‘s finances and believe it to be a low-risk investment based on our Risk Rating. We conducted a thorough review of the company’s balance sheets, cash flow statements, financial ratios, and key performance indicators to assess its financial health. We believe that it has the requisite financial strength to continue operations in the long-term and generate returns for its shareholders. If you’re looking to review the potential risks associated with investing in UNIVERSAL LOGISTICS, we encourage you to register on goodwhale.com and explore the business and financial areas where prospective risks may be present. 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 reported its earnings for Q2 of the 2023 fiscal year, with total revenue of USD 412.6 million, a decrease of 21.7% from the same period of the previous year. Net income decreased by 47.3% year-over-year to USD 23.6 million, indicating that the company’s performance has been weakened compared to the prior year. Investors should be aware of the company’s performance and take into account the potential risks associated with investing in UNIVERSAL LOGISTICS.
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