Universal Logistics Q1 Net Loss $3.51M; Revenue Down 3.9%
Universal Logistics Holdings, Inc. reported a net loss of $3.51 million for the first quarter of 2026, a significant decline from the net income of $6.01 million in the same period last year. Total operating revenues decreased by 3.9% to $367.58 million, primarily due to reduced performance across most service segments except value-added services. The company also experienced a substantial 69.5% drop in income from operations and a 60.4% decrease in net cash provided by operating activities. Despite the operational challenges, the company reduced its long-term debt and sold its remaining marketable securities portfolio.
Key Highlights
- Reported a net loss of $3.51 million for the thirteen weeks ended April 4, 2026, compared to net income of $6.01 million in the prior year period.
- Total operating revenues decreased 3.9% to $367.58 million from $382.39 million year-over-year.
- Basic earnings per common share was $(0.13) for Q1 2026, down from $0.23 in Q1 2025.
- Income from operations fell 69.5% to $4.78 million from $15.68 million year-over-year.
- Net cash provided by operating activities decreased 60.4% to $33.40 million from $84.31 million.
- Long-term debt, net of current portion, decreased to $634.33 million as of April 4, 2026, from $682.72 million at December 31, 2025.
- The company sold its remaining marketable securities portfolio for $10.64 million, realizing a gain of $0.29 million.
- Costs incurred for services provided by affiliates increased to $39.69 million from $30.51 million year-over-year.
Price Impact
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