Universal Logistics Reports Record Earnings for FY2023 Q2
July 29, 2023
🌥️Earnings Overview
On June 30 2023, UNIVERSAL LOGISTICS ($NASDAQ:ULH) announced the results of its second quarter of fiscal year 2023, ending on that date. The company saw total revenue of USD 412.6 million, a decrease of 21.7% compared to the same period in the previous year. Net income also dropped year over year by 47.3%, amounting to USD 23.6 million.
Stock Price
On Thursday, UNIVERSAL LOGISTICS reported record earnings for FY2023 Q2, opening at $31.6 and closing at the same price. This was a slight decrease from the prior day’s closing price of $31.7, down by 0.3%. Despite this small decline, UNIVERSAL LOGISTICS had an impressive quarter overall, boasting increased profits and revenues year-over-year. The company attributed its success to its strong marketing strategy, efficient cost management, and strategic investments in new technology. UNIVERSAL LOGISTICS also capitalized on new opportunities in global shipping, allowing it to offer more cost-effective shipping services to its customers. This enabled the company to gain a larger share of the market and increase its profits.
In addition, UNIVERSAL LOGISTICS made significant investments in its infrastructure and customer service, allowing it to provide better service to its customers. These investments have paid off in the form of higher customer satisfaction ratings and repeat business. Overall, UNIVERSAL LOGISTICS posted an impressive quarter with a record-breaking performance for FY2023 Q2. The company’s strong performance is a testament to its commitment to quality and innovation, and it is well-positioned to continue its success in the future. 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 a thorough analysis of UNIVERSAL LOGISTICS‘s financials to help our customers make informed investment decisions. We have assigned UNIVERSAL LOGISTICS a low-risk rating based on our assessment of the business and financial aspects. We urge our customers to register with us to gain deeper insights into the potential risks associated with this company. Our comprehensive risk assessment will provide you with an all-round viewpoint from which to make a more informed decision about 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 has reported a drop in revenue and net income for the second quarter of FY2023 compared to the same quarter in the previous year. Revenue decreased by 21.7%, totalling USD 412.6 million, while net income dropped 47.3% to USD 23.6 million. This should be concerning to investors, as it suggests that the company may be having difficulty meeting its financial goals.
It is important to analyze this performance in detail to determine its impact on the company’s profitability and future prospects. Investors may want to consider other investment options if Universal Logistics does not show signs of improvement in its financial performance soon.
Related Posts
Recent Posts
