Universal Logistics Holdings Reports Fourth Quarter 2024 Financial Results; Declares Dividend

PR Newswire

02-07

Fourth Quarter 2024 Operating Revenues: $465.1 million, 19.0% increase Fourth Quarter 2024 Operating Income: $38.3 million, 12.3% increase Fourth Quarter 2024 Earnings Per Share: $0.77 per share, ...

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Declares Dividend","media":"PR Newswire","content":"<div>\n<p>Fourth Quarter 2024 Operating Revenues:  $465.1 million, 19.0% increase\nFourth Quarter 2024 Operating Income:  $38.3 million, 12.3% increase\nFourth Quarter 2024 Earnings Per Share:  $0.77 per share, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/universal-logistics-holdings-reports-fourth-211500474.html\">网页链接</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Universal Logistics Holdings Reports Fourth Quarter 2024 Financial Results; Declares Dividend</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUniversal Logistics Holdings Reports Fourth Quarter 2024 Financial Results; Declares Dividend\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-07 05:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/universal-logistics-holdings-reports-fourth-211500474.html><strong>PR Newswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fourth Quarter 2024 Operating Revenues:  $465.1 million, 19.0% increase\nFourth Quarter 2024 Operating Income:  $38.3 million, 12.3% increase\nFourth Quarter 2024 Earnings Per Share:  $0.77 per share, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/universal-logistics-holdings-reports-fourth-211500474.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4022","symbol_name":"陆运","start_time":0,"source_url":"https://finance.yahoo.com/news/universal-logistics-holdings-reports-fourth-211500474.html","article_id":"2509784545","we_media_id":null,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/universal-logistics-holdings-reports-fourth-211500474.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2509784545","pubTimestamp":1738876500,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Fourth Quarter 2024 Operating Revenues: $465.1 million, 19.0% increase. Fourth Quarter 2024 Operating Income: $38.3 million, 12.3% increase. Fourth Quarter 2024 Earnings Per Share: $0.77 per share, 4.9% decrease. In the fourth quarter 2024, Universal's operating income increased $4.2 million to $38.3 million, compared to $34.1 million in the fourth quarter one year earlier. As a percentage of operating revenue, operating margin for the fourth quarter 2024 was 8.2%, compared to 8.7% during the same period last year. EBITDA, a non-GAAP measure, increased $18.7 million during the fourth quarter 2024 to $73.5 million, compared to $54.8 million one year earlier. As a percentage of operating revenue, EBITDA margin for the fourth quarter 2024 was 15.8%, compared to 14.0% during the same period last year.Fourth Quarter 2024 Operating Income: $39.1 million, 12.7% operating margin. In the contract logistics segment, which includes our value-added and dedicated services, fourth quarter 2024 opera","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4022":"陆运","BK4232":"货物陆运","ULH":"环球物流控股"},"translate_title":"环球物流控股公布2024年第四季度财务业绩；宣布股息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ULH":1},"content_text":"Fourth Quarter 2024 Operating Revenues:  $465.1 million, 19.0% increase\nFourth Quarter 2024 Operating Income:  $38.3 million, 12.3% increase\nFourth Quarter 2024 Earnings Per Share:  $0.77 per share, 4.9% decrease\nDeclares Quarterly Dividend:  $0.105 per share\n\nWARREN, Mich., Feb. 6, 2025 /PRNewswire/ -- Universal Logistics Holdings, Inc. (NASDAQ: ULH) today reported consolidated fourth quarter 2024 net income of $20.2 million, or $0.77 per diluted share, on total operating revenues of $465.1 million. This compares to net income of $21.4 million, or $0.81 per diluted share, during fourth quarter 2023 on total operating revenues of $390.9 million. For the full year 2024, Universal reported $4.93 per diluted share, on total operating revenues of $1.85 billion. This compares to $3.53 per diluted share, on total operating revenues of $1.66 billion for the full year 2023. \n\n  \n\nIn the fourth quarter 2024, Universal's operating income increased $4.2 million to $38.3 million, compared to $34.1 million in the fourth quarter one year earlier. As a percentage of operating revenue, operating margin for the fourth quarter 2024 was 8.2%, compared to 8.7% during the same period last year. EBITDA, a non-GAAP measure, increased $18.7 million during the fourth quarter 2024 to $73.5 million, compared to $54.8 million one year earlier. As a percentage of operating revenue, EBITDA margin for the fourth quarter 2024 was 15.8%, compared to 14.0% during the same period last year.\n\"Universal notched another solid performance during the fourth quarter, making the full-year 2024 our second best financial performance in company history,\" stated Tim Phillips, Universal's CEO. \"Our contract logistics segment continues to be the cornerstone of our success, and we remain committed to making smart investments in this space, such as our recent acquisition of Parsec. Strong demand for our specialized, heavy-haul services has also enabled our trucking segment to produce solid results during the quarter, and throughout all of 2024. While we are proud of our many successes, we remain focused on improving underperforming operations, gaining efficiencies and maintaining a high-level of cost control. 2024 was an exciting, and challenging year for Universal, and I am deeply thankful for the talented team who guided us through. We will keep pushing forward, delivering exceptional service to our customers while continuing to execute our long-term strategy.\"\nSegment Information:\nContract Logistics\n\nFourth Quarter 2024 Operating Revenues:  $307.4 million, 52.7% increase\nFourth Quarter 2024 Operating Income:  $39.1 million, 12.7% operating margin\n\nIn the contract logistics segment, which includes our value-added and dedicated services, fourth quarter 2024 operating revenues increased 52.7% to $307.4 million, compared to $201.3 million for the same period last year.  Fourth quarter 2024 revenues included $51.3 million attributable to our specialty development project in Stanton, TN, which was completed during the period, and an additional $59.5 million from the fourth quarter acquisition of Parsec. Included in contract logistics segment revenues were also $8.3 million in separately identified fuel surcharges from dedicated transportation services, compared to $8.9 million during the same period last year. At the end of the fourth quarter 2024, we managed 90 value-added programs, including 20 new rail terminal operations compared to a total of 71 programs at the end of the fourth quarter 2023. Fourth quarter 2024 income from operations increased $7.0 million to $39.1 million, compared to $32.1 million during the same period last year. As a percentage of revenue, operating margin in the contract logistics segment for the fourth quarter 2024 was 12.7%, compared to 15.9% during the same period last year. Included in contract logistics operating results was of $6.0 million of depreciation and amortization expense related to Parsec, which lowered the fourth quarter 2024 operating margin in this segment by 200 bps.\nIntermodal\n\nFourth Quarter 2024 Operating Revenues:  $73.1 million, 15.9% decrease\nFourth Quarter 2024 Operating (Loss):  $(9.7) million, (13.2)% operating margin\n\nOperating revenues in the intermodal segment decreased 15.9% to $73.1 million in the fourth quarter 2024, compared to $86.9 million for the same period last year. Included in intermodal segment revenues for the recently completed quarter were $9.1 million in separately identified fuel surcharges, compared to $13.0 million during the same period last year. Intermodal segment revenues also included other accessorial charges such as detention, demurrage and storage, which totaled $8.6 million during the fourth quarter 2024, compared to $8.7 million one year earlier. Load volumes declined 15.3%, while the average operating revenue per load, excluding fuel surcharges, declined by 2.2% on a year-over-year basis. Fourth quarter 2024 operating losses in the intermodal segment were $(9.7) million compared to an operating loss of $(1.0) million during the same period last year. As a percentage of revenue, operating margin in the intermodal segment for the fourth quarter 2024 was (13.2)%, compared to (1.1)% one year earlier.\nTrucking\n\nFourth Quarter 2024 Operating Revenues:  $83.8 million, 11.5% increase\nFourth Quarter 2024 Operating Income:  $5.8 million, 6.9% operating margin\n\nIn the trucking segment, fourth quarter 2024 operating revenues increased 11.5% to $83.8 million, compared to $75.2 million for the same period last year. Fourth quarter 2024 trucking segment revenues included $22.8 million of brokerage services, compared to $30.0 million during the same period last year. Also included in our trucking segment revenues were $4.1 million in separately identified fuel surcharges during the fourth quarter 2024, compared to $5.6 million in fuel surcharges one year earlier. On a year-over-year basis, load volumes declined 17.0%; however, the average operating revenue per load, excluding fuel surcharges, increased 30.5%, which was driven primarily by our specialty, heavy-haul wind business. Income from operations in the fourth quarter 2024 was $5.8 million compared to $2.5 million during the same period last year. As a percentage of revenue, operating margin in the trucking segment for the fourth quarter 2024 was 6.9% compared to 3.3% during the same period last year.\nCash Dividend\nUniversal Logistics Holdings, Inc. also announced today that its Board of Directors has declared a cash dividend of $0.105 per share of common stock. The dividend is payable to shareholders of record at the close of business on March 3, 2025 and is expected to be paid on April 1, 2025.\nOther Matters  \nAs of December 31, 2024, Universal held cash and cash equivalents totaling $19.4 million and $11.6 million in marketable securities. Outstanding debt at the end of the fourth quarter 2024 was $762.6 million and capital expenditures totaled $37.4 million. \nUniversal calculates and reports selected financial metrics not only for purposes of our lending arrangements but also in an effort to isolate and exclude the impact of non-operating expenses related to our corporate development activities. These statistics are described in more detail below in the section captioned \"Non-GAAP Financial Measures.\"\nConference call:\nWe invite investors and analysts to our quarterly earnings conference call. \nQuarterly Earnings Conference Call Dial-in Details:\n\n\n\n\nTime:  \n10:00 a.m. Eastern Time \n\n\nDate: \nFriday, February 7, 2025 \n\n\nCall Toll Free: \n(800) 836-8184 \n\n\nInternational Dial-in: \n+1 (646) 357-8785 \n\n\n\n\nA replay of the conference call will be available through February 14, 2025, by calling (888) 660-6345 (toll free) or +1 (646) 517-4150 (toll) and using encore replay code 40331#. The call will also be available on investors.universallogistics.com.\nAbout Universal:\nUniversal Logistics Holdings, Inc. (\"Universal\") is a holding company whose subsidiaries provide a variety of customized transportation and logistics solutions throughout the United States and in Mexico, Canada and Colombia. Our operating subsidiaries provide our customers with supply chain solutions that can be scaled to meet their changing demands. We offer our customers a broad array of services across their entire supply chain, including value-added, dedicated, intermodal and trucking services. In this press release, the terms \"us,\" \"we,\" \"our,\" or the \"Company\" refer to Universal and its consolidated subsidiaries.\nForward Looking Statements\nSome of the statements contained in this press release might be considered forward-looking statements. These statements identify prospective information. Forward-looking statements can be identified by words such as: \"expect,\" \"anticipate,\" \"intend,\" \"plan,\" \"goal,\" \"prospect,\" \"seek,\" \"believe,\" \"targets,\" \"project,\" \"estimate,\" \"future,\" \"likely,\" \"may,\" \"should\" and similar references to future periods. Forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. These forward-looking statements are subject to a number of factors that may cause actual results to differ materially from the expectations described. Additional information about the factors that may adversely affect these forward-looking statements is contained in Universal's reports and filings with the Securities and Exchange Commission. Universal assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws.\n\n\n\n\nUNIVERSAL LOGISTICS HOLDINGS, INC. Unaudited Condensed Consolidated Statements of Income (In thousands, except per share data) \n\n\n\n\n\n\n\nThirteen Weeks Ended \n\n\nYear Ended \n\n\n\n\n\nDecember 31, \n\n\nDecember 31, \n\n\n\n\n\n2024 \n\n\n2023 \n\n\n2024 \n\n\n2023 \n\n\n\nOperating revenues: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTruckload services \n\n$ \n61,850 \n\n\n$ \n46,015 \n\n\n$ \n234,397 \n\n\n$ \n213,874 \n\n\n\nBrokerage services \n\n\n25,545 \n\n\n\n58,132 \n\n\n\n181,259 \n\n\n\n244,024 \n\n\n\nIntermodal services \n\n\n70,379 \n\n\n\n85,426 \n\n\n\n300,721 \n\n\n\n374,667 \n\n\n\nDedicated services \n\n\n77,821 \n\n\n\n85,541 \n\n\n\n344,210 \n\n\n\n343,543 \n\n\n\nValue-added services \n\n\n229,536 \n\n\n\n115,806 \n\n\n\n785,448 \n\n\n\n486,031 \n\n\n\nTotal operating revenues \n\n\n465,131 \n\n\n\n390,920 \n\n\n\n1,846,035 \n\n\n\n1,662,139 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating expenses: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPurchased transportation and equipment rent \n\n\n100,320 \n\n\n\n127,779 \n\n\n\n482,948 \n\n\n\n571,213 \n\n\n\nDirect personnel and related benefits \n\n\n174,871 \n\n\n\n130,775 \n\n\n\n583,251 \n\n\n\n542,779 \n\n\n\nOperating supplies and expenses \n\n\n78,644 \n\n\n\n40,643 \n\n\n\n295,558 \n\n\n\n170,994 \n\n\n\nCommission expense \n\n\n4,800 \n\n\n\n7,221 \n\n\n\n27,285 \n\n\n\n31,370 \n\n\n\nOccupancy expense \n\n\n12,020 \n\n\n\n11,195 \n\n\n\n44,209 \n\n\n\n44,301 \n\n\n\nGeneral and administrative \n\n\n14,081 \n\n\n\n12,872 \n\n\n\n55,323 \n\n\n\n51,839 \n\n\n\nInsurance and claims \n\n\n5,719 \n\n\n\n6,368 \n\n\n\n26,441 \n\n\n\n27,163 \n\n\n\nDepreciation and amortization \n\n\n36,393 \n\n\n\n19,975 \n\n\n\n124,188 \n\n\n\n77,036 \n\n\n\nImpairment expense \n\n\n— \n\n\n\n— \n\n\n\n3,720 \n\n\n\n— \n\n\n\nTotal operating expenses \n\n\n426,848 \n\n\n\n356,828 \n\n\n\n1,642,923 \n\n\n\n1,516,695 \n\n\n\nIncome from operations \n\n\n38,283 \n\n\n\n34,092 \n\n\n\n203,112 \n\n\n\n145,444 \n\n\n\nInterest expense, net \n\n\n(9,828) \n\n\n\n(6,163) \n\n\n\n(30,207) \n\n\n\n(22,753) \n\n\n\nOther non-operating income (expense) \n\n\n(1,171) \n\n\n\n722 \n\n\n\n837 \n\n\n\n1,608 \n\n\n\nIncome before income taxes \n\n\n27,284 \n\n\n\n28,651 \n\n\n\n173,742 \n\n\n\n124,299 \n\n\n\nProvision for income taxes \n\n\n7,109 \n\n\n\n7,239 \n\n\n\n43,835 \n\n\n\n31,398 \n\n\n\nNet income \n\n$ \n20,175 \n\n\n$ \n21,412 \n\n\n$ \n129,907 \n\n\n$ \n92,901 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEarnings per common share: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic \n\n$ \n0.77 \n\n\n$ \n0.81 \n\n\n$ \n4.94 \n\n\n$ \n3.53 \n\n\n\nDiluted \n\n$ \n0.77 \n\n\n$ \n0.81 \n\n\n$ \n4.93 \n\n\n$ \n3.53 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWeighted average number of common shares outstanding: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic \n\n\n26,318 \n\n\n\n26,284 \n\n\n\n26,315 \n\n\n\n26,284 \n\n\n\nDiluted \n\n\n26,358 \n\n\n\n26,301 \n\n\n\n26,348 \n\n\n\n26,308 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDividends declared per common share: \n\n$ \n0.105 \n\n\n$ \n0.105 \n\n\n$ \n0.420 \n\n\n$ \n0.420 \n\n\n\n\n\n\n\n\n\nUNIVERSAL LOGISTICS HOLDINGS, INC. Unaudited Condensed Consolidated Balance Sheets (In thousands) \n\n\n\n\n\n\n\nDecember 31, 2024 \n\n\nDecember 31, 2023 \n\n\n\nAssets \n\n\n\n\n\n\n\n\nCash and cash equivalents \n\n$ \n19,351 \n\n\n$ \n12,511 \n\n\n\nMarketable securities \n\n\n11,590 \n\n\n\n10,772 \n\n\n\nAccounts receivable - net \n\n\n293,646 \n\n\n\n287,947 \n\n\n\nOther current assets \n\n\n85,226 \n\n\n\n54,243 \n\n\n\nTotal current assets \n\n\n409,813 \n\n\n\n365,473 \n\n\n\nProperty and equipment - net \n\n\n742,366 \n\n\n\n561,088 \n\n\n\nOther long-term assets - net \n\n\n635,553 \n\n\n\n326,962 \n\n\n\nTotal assets \n\n$ \n1,787,732 \n\n\n$ \n1,253,523 \n\n\n\n\n\n\n\n\n\n\n\n\nLiabilities and shareholders' equity \n\n\n\n\n\n\n\n\nCurrent liabilities, excluding current maturities of debt \n\n$ \n215,756 \n\n\n$ \n189,727 \n\n\n\nDebt - net \n\n\n759,085 \n\n\n\n381,924 \n\n\n\nOther long-term liabilities \n\n\n165,868 \n\n\n\n149,674 \n\n\n\nTotal liabilities \n\n\n1,140,709 \n\n\n\n721,325 \n\n\n\nTotal shareholders' equity \n\n\n647,023 \n\n\n\n532,198 \n\n\n\nTotal liabilities and shareholders' equity \n\n$ \n1,787,732 \n\n\n$ \n1,253,523 \n\n\n\n\n\n\n\n\n\nUNIVERSAL LOGISTICS HOLDINGS, INC. Unaudited Summary of Operating Data \n\n\n\n\n\n\n\nThirteen Weeks Ended \n\n\nYear Ended \n\n\n\n\n\nDecember 31, \n\n\nDecember 31, \n\n\n\n\n\n2024 \n\n\n2023 \n\n\n2024 \n\n\n2023 \n\n\n\nContract Logistics Segment: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAverage number of value-added direct employees \n\n\n7,337 \n\n\n\n5,582 \n\n\n\n5,809 \n\n\n\n5,521 \n\n\n\nAverage number of value-added full-time equivalents \n\n\n57 \n\n\n\n205 \n\n\n\n88 \n\n\n\n450 \n\n\n\nNumber of active value-added programs \n\n\n90 \n\n\n\n71 \n\n\n\n90 \n\n\n\n71 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIntermodal Segment: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNumber of loads (a) \n\n\n100,457 \n\n\n\n118,553 \n\n\n\n417,790 \n\n\n\n473,569 \n\n\n\nAverage operating revenue per load, excluding fuel surcharges (a) \n\n$ \n537 \n\n\n$ \n549 \n\n\n$ \n554 \n\n\n$ \n563 \n\n\n\nAverage number of tractors \n\n\n1,451 \n\n\n\n1,830 \n\n\n\n1,585 \n\n\n\n2,034 \n\n\n\nNumber of depots \n\n\n8 \n\n\n\n9 \n\n\n\n8 \n\n\n\n9 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTrucking Segment: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNumber of loads \n\n\n36,068 \n\n\n\n43,468 \n\n\n\n155,288 \n\n\n\n178,036 \n\n\n\nAverage operating revenue per load, excluding fuel surcharges \n\n$ \n2,183 \n\n\n$ \n1,673 \n\n\n$ \n1,993 \n\n\n$ \n1,738 \n\n\n\nAverage number of tractors \n\n\n699 \n\n\n\n828 \n\n\n\n767 \n\n\n\n877 \n\n\n\nAverage length of haul \n\n\n394 \n\n\n\n399 \n\n\n\n334 \n\n\n\n390 \n\n\n\n\n\n\n(a)   Excludes operating data from freight forwarding division in order to improve the relevance of the statistical data related          to our intermodal segment and improve the comparability to our peer companies. \n\n\n\n\n\n\n\n\nUNIVERSAL LOGISTICS HOLDINGS, INC. Unaudited Summary of Operating Data - Continued (Dollars in thousands) \n\n\n\n\n\n\n\nThirteen Weeks Ended \n\n\nYear Ended \n\n\n\n\n\nDecember 31, \n\n\nDecember 31, \n\n\n\n\n\n2024 \n\n\n2023 \n\n\n2024 \n\n\n2023 \n\n\n\nOperating Revenues by Segment: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\nContract logistics \n\n$ \n307,357 \n\n\n$ \n201,347 \n\n\n$ \n1,129,658 \n\n\n$ \n829,574 \n\n\n\nIntermodal \n\n\n73,095 \n\n\n\n86,874 \n\n\n\n308,744 \n\n\n\n382,610 \n\n\n\nTrucking \n\n\n83,840 \n\n\n\n75,168 \n\n\n\n331,982 \n\n\n\n333,211 \n\n\n\nOther \n\n\n839 \n\n\n\n27,531 \n\n\n\n75,651 \n\n\n\n116,744 \n\n\n\nTotal \n\n$ \n465,131 \n\n\n$ \n390,920 \n\n\n$ \n1,846,035 \n\n\n$ \n1,662,139 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIncome from Operations by Segment: \n\n\n\n\n\n\n\n\n\n\n\n\n\n\nContract logistics \n\n$ \n39,094 \n\n\n$ \n32,079 \n\n\n$ \n219,084 \n\n\n$ \n127,752 \n\n\n\nIntermodal \n\n\n(9,683) \n\n\n\n(964) \n\n\n\n(27,741) \n\n\n\n1,604 \n\n\n\nTrucking \n\n\n5,788 \n\n\n\n2,488 \n\n\n\n20,963 \n\n\n\n17,258 \n\n\n\nOther \n\n\n3,084 \n\n\n\n489 \n\n\n\n(9,194) \n\n\n\n(1,170) \n\n\n\nTotal \n\n$ \n38,283 \n\n\n$ \n34,092 \n\n\n$ \n203,112 \n\n\n$ \n145,444 \n\n\n\n\n\nNon-GAAP Financial Measures\nIn addition to providing consolidated financial statements based on generally accepted accounting principles in the United States of America (GAAP), we are providing additional financial measures that are not required by or prepared in accordance with GAAP (non-GAAP). We present EBITDA and EBITDA margin, each a non-GAAP measure, as supplemental measures of our performance. We define EBITDA as net income plus (i) interest expense, net, (ii) income taxes, (iii) depreciation, and (iv) amortization. We define EBITDA margin as EBITDA as a percentage of total operating revenues. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis.\nIn accordance with the requirements of Regulation G issued by the Securities and Exchange Commission, we are presenting the most directly comparable GAAP financial measure and reconciling the non-GAAP financial measure to the comparable GAAP measure. Set forth below is a reconciliation of net income, the most comparable GAAP measure, to EBITDA for each of the periods indicated:\n\n\n\n\n\n\nThirteen Weeks Ended \n\n\nYear Ended \n\n\n\n\n\nDecember 31, \n\n\nDecember 31, \n\n\n\n\n\n2024 \n\n\n2023 \n\n\n2024 \n\n\n2023 \n\n\n\n\n\n( in thousands) \n\n\n( in thousands) \n\n\n\nEBITDA \n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet income \n\n$ \n20,175 \n\n\n$ \n21,412 \n\n\n$ \n129,907 \n\n\n$ \n92,901 \n\n\n\nIncome tax expense \n\n\n7,109 \n\n\n\n7,239 \n\n\n\n43,835 \n\n\n\n31,398 \n\n\n\nInterest expense, net \n\n\n9,828 \n\n\n\n6,163 \n\n\n\n30,207 \n\n\n\n22,753 \n\n\n\nDepreciation \n\n\n29,198 \n\n\n\n16,844 \n\n\n\n102,688 \n\n\n\n64,365 \n\n\n\nAmortization \n\n\n7,195 \n\n\n\n3,131 \n\n\n\n21,500 \n\n\n\n12,671 \n\n\n\nEBITDA \n\n$ \n73,505 \n\n\n$ \n54,789 \n\n\n$ \n328,137 \n\n\n$ \n224,088 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEBITDA margin (a) \n\n\n15.8 \n% \n\n\n14.0 \n% \n\n\n17.8 \n% \n\n\n13.5 \n% \n\n\n\n\n\n(a)   EBITDA margin is computed by dividing EBITDA by total operating revenues for each of the periods indicated. \n\n\n\n\nWe present EBITDA and EBITDA margin because we believe they assist investors and analysts in comparing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance.\nEBITDA has limitations as an analytical tool. Some of these limitations are:\n\nEBITDA does not reflect our cash expenditures, or future requirements, for capital expenditures or contractual commitments;\nEBITDA does not reflect changes in, or cash requirements for, our working capital needs;\nEBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on our debts;\nAlthough depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and EBITDA does not reflect any cash requirements for such replacements; and\nOther companies in our industry may calculate EBITDA differently than we do, limiting its usefulness as a comparative measure.\n\nBecause of these limitations, EBITDA and EBITDA margin should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. We compensate for these limitations by relying primarily on our GAAP results and only supplementally on EBITDA and EBITDA margin.\n View original content to download multimedia:https://www.prnewswire.com/news-releases/universal-logistics-holdings-reports-fourth-quarter-2024-financial-results-declares-dividend-302370663.html\nSOURCE Universal Logistics Holdings, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}