Universal Logistics Q2 Revenue Misses, Intermodal Losses Deepen; Declares $0.105 Dividend
ULH sits 17% above its 52-week low of $11.73.
Summary
Universal Logistics missed Q2 revenue estimates and saw intermodal losses deepen, but declared a $0.105 dividend. Adjusted EPS was $0.16 after stripping out a large property sale gain.
Key Events · Earnings and Guidance · ULH
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Q2 Revenue Miss
Revenue of $379.3M missed the sole analyst estimate by $10.3M, driven by a 36% drop in intermodal revenue.
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Intermodal Losses Widen
Intermodal operating loss deepened to $(10.4)M from $(5.7)M a year ago, with load volumes down 34% and pricing down 6.3%.
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Adjusted EPS Only $0.16
GAAP EPS of $0.99 included a $45.3M property sale gain; excluding that and other items, adjusted EPS was $0.16.
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Dividend Declared
Board declared a $0.105 per share quarterly dividend, payable October 1, 2026 to shareholders of record September 1.
Analysis · ULH · Energy & Transportation
Universal Logistics reported Q2 revenue of $379.3 million, missing the sole analyst estimate by $10.3 million. GAAP EPS of $0.99 was inflated by a $45.3 million property sale gain; adjusted EPS was just $0.16. The intermodal segment remains under severe pressure, with operating losses widening to $10.4 million from $5.7 million a year ago on a 34% drop in load volumes. Against this backdrop, the board declared a $0.105 quarterly dividend, signaling confidence in liquidity despite the weak operating environment. The company ended the quarter with $20.3 million in cash and $695.5 million in debt, though it has $238.8 million available on its revolver.
At the time of this filing, ULH was trading at $13.75 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $352.8M. The 52-week trading range was $11.73 to $27.24. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.