UNIVERSAL LOGISTICS Reports Record Fourth Quarter FY2022 Earnings on December 31, 2022

Earnings Overview

On February 9, 2023, UNIVERSAL LOGISTICS ($NASDAQ:ULH) reported its financial results for the fourth quarter of FY2022, ending on December 31, 2022. Total revenue increased by 106.5% year-on-year to USD 33.5 million with net income decreasing by 1.9% to USD 458.7 million.

Transcripts Simplified

Universal Logistics Holdings reported record operating income of $240.4 million and $6.37 per basic and diluted share for 2022. The company experienced year-over-year deterioration in their transactional transportation sector, however, their contract logistics segment saw an expansion in top line revenue and operating margin. Universal also successfully reimagined their large automotive launch in Detroit and set up a new business plan in California due to AB5. They also entered into a partnership with the Teamsters to help set course for building a skilled and talented driver group accessing the port of LA and Long Beach.

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

On Thursday, UNIVERSAL LOGISTICS reported record fourth quarter earnings for the 2022 fiscal year, ending on December 31st. The company’s stock opened at $42.5 and closed at $41.4, down 2.5% from its previous closing price of $42.5. The company also announced that it had secured a number of new contracts with larger companies, which are expected to help drive future growth. Despite the dip in the stock price, analysts remain optimistic about UNIVERSAL LOGISTICS’ long-term prospects.

The company has plans to expand its operations into new markets in Asia, Africa and South America, and is confident that its investments in research and development will pay off in the long run. For now, investors are pleased with UNIVERSAL LOGISTICS’ record fourth quarter earnings, and are looking forward to the company’s future prospects. Live Quote…

Analysis

At GoodWhale, we analyze the fundamentals of UNIVERSAL LOGISTICS to understand its current financial health. According to our Star Chart, UNIVERSAL LOGISTICS has a high health score of 8/10 when it comes to its cashflows and debt. This indicates that it is financially sound and capable of sustaining its operations in times of crisis. Another way of evaluating UNIVERSAL LOGISTICS is to classify it as a ‘cheetah.’ This means that while it has achieved high revenue or earnings growth, it is also considered less stable due to lower profitability. Therefore, investors who are seeking out high growth with a bit of risk should consider investing in UNIVERSAL LOGISTICS. Overall, UNIVERSAL LOGISTICS is strong in dividend and growth, and medium in asset and profitability. Thus, it may be a good fit for investors who want a balance of growth and stability. 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

Investors in UNIVERSAL LOGISTICS should be encouraged by the company’s strong fourth quarter financial results for the fiscal year 2022, ending December 31, 2022. Total revenue increased by 106.5% year-over-year, while net income decreased by 1.9%. Despite this decrease, the company’s overall performance is still viewed favorably by investors.

Looking forward, there are many opportunities for UNIVERSAL LOGISTICS to continue to grow and increase profitability. Analysts recommend that investors remain cautiously optimistic and monitor the company’s progress over the upcoming quarters.