Quarterly ResultMay 1, 2026, 04:23 PM
Universal Logistics Q1 Net Loss $(3.5)M; EPS $(0.13); Declares Dividend
AI Summary
Universal Logistics Holdings, Inc. reported a net loss of $(3.5) million, or $(0.13) per share, for the first quarter of 2026, a significant decline from net income of $6.0 million in the prior year. Total operating revenues decreased to $367.6 million, primarily due to weakness in the intermodal segment. The company's Board of Directors also declared a quarterly cash dividend of $0.105 per share. Additionally, the employment agreement for Michael H. Rogers as the new Chief Financial Officer and Treasurer was finalized, effective June 1, 2026, and Michael A. Regan was appointed to the Audit Committee.
Key Highlights
- Q1 2026 net loss was $(3.5) million, down from $6.0 million in Q1 2025.
- Q1 2026 diluted EPS was $(0.13), compared to $0.23 in Q1 2025.
- Total operating revenues decreased to $367.6 million from $382.4 million year-over-year.
- Operating income fell to $4.8 million (1.3% margin) from $15.7 million (4.1% margin).
- Board declared a cash dividend of $0.105 per share, payable July 1, 2026.
- CFO Michael H. Rogers' employment agreement includes $425,100 annual base salary.
- Intermodal segment revenues decreased 32.3% to $47.9 million, with an operating loss of $(13.1) million.
- Contract Logistics revenues increased 5.3% to $269.5 million, with $17.5 million operating income.