Financial Data and Key Metrics Changes - The company reported Q3 2023 earnings of $0.88 per share on total operating revenue of $421.3 million, compared to net income of $48.5 million or $1.84 per share on total operating revenues of $505.7 million in Q3 2022 [49] - Consolidated income from operations was $36.8 million for the quarter, down from $69.8 million a year earlier, with EBITDA decreasing by $27.6 million to $56.7 million [32][49] - Operating margins for Q3 2023 were 8.7%, down from 13.8% in Q3 2022, while EBITDA margins decreased from 16.7% to 13.5% [32] Business Line Data and Key Metrics Changes - In the Contract Logistics segment, income from operations decreased by $300,000 to $35.1 million on $208.1 million of total operating revenues, with operating margins remaining stable at 16.9% [11] - The Company-Managed Brokerage segment saw operating revenues drop by $12.5 million to $28.1 million, resulting in an operating loss of $1.1 million compared to a profit of $1.1 million in the same quarter last year [12] - The Intermodal segment's operating revenues decreased by $67.8 million to $86.6 million, with an operating loss of $4.3 million compared to a profit of $28.1 million in Q3 2022 [50] Market Data and Key Metrics Changes - California operations in the Intermodal segment negatively impacted overall financial results, with load volumes down 13.6% and revenue per load down 35.6% [7] - U.S. import volumes remained muted as shippers continued their inventory destocking cycle, contributing to a decline in overall load volumes by 11.8% [6][45] - Accessorial charges decreased over 68% or $21.4 million, reflecting a competitive market environment [29] Company Strategy and Development Direction - The company is focused on investing in technology and human capital to adapt to the evolving electric vehicle landscape, despite challenges such as the UAW strike [2] - There is a strong emphasis on cross-selling initiatives and maintaining a robust pipeline of new customer prospects [3] - The company is optimistic about future growth opportunities, particularly in Mexico, as nearshoring trends elevate its status as a key trading partner [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the foundation of the intermodal and brokerage segments, despite current market headwinds [3] - The ongoing UAW strike is expected to influence Q4 production, with management hopeful for a resolution [43] - The company anticipates Q4 2023 revenues between $350 million and $375 million, with operating margins in the 7% to 9% range [34] Other Important Information - The Board of Directors declared a quarterly dividend of $0.105 per share, payable on January 2, 2024 [34] - Capital expenditures for the quarter totaled $112.3 million, including $80 million for a strategic terminal acquisition [51] Q&A Session Summary Question: Could you provide your general outlook for the industrial economy moving into next year? - Management indicated that in a normal operating environment, earnings should be around $1 per share per quarter, but current conditions are not normal due to a freight recession and UAW headwinds [16] Question: Can you provide more details on the volume attrition resulting from the UAW strike? - Management noted that disruptions from the strike affected operations, and they expect some of these challenges to carry into Q4 [53] Question: What is the new normalized earnings power for the company at this point? - Management reiterated that the peak earnings power was over $6 per share, but the current baseline in a normal environment is around $1 per share [16]

Conference Call Participants Statements that are forward-looking relate to Universal's business objectives or expectations and can be identified by the use of the words such as believe, expect, anticipate and project. Such statements are subject to risks and uncertainties, and actual results could differ materially from those expectations. As a reminder, this conference is being recorded. Thank you, Drew. Good morning, and welcome to Universal Logistics Holdings 2023 second quarter earnings call. Once again ...

Universal Logistics Holdings, Inc. (NASDAQ:ULH) Q1 2023 Earnings Conference Call April 28, 2023 10:00 AM ET Company Participants Tim Phillips - Chief Executive Officer Jude Beres - Chief Financial Officer Conference Call Participants Operator Hello, and welcome to Universal Logistics Holdings’ First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] A brief question-and-answer session will follow the formal presentation. During the course ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-51142 UNIVERSAL LOGISTICS HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organizat ...

Universal Logistics Holdings, Inc. (NASDAQ:ULH) Q4 2022 Earnings Conference Call February 10, 2023 10:00 AM ET Company Participants Tim Phillips - CEO and Director on the Board of Directors Jude Beres - Chief Financial Officer Conference Call Participants Chris Wetherbee - Citigroup Operator Hello, and welcome to Universal Logistics Holdings’ Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions]. A brief question-and-answer session wi ...

UNIVERSAL LOGISTICS HOLDINGS, INC. WINTER 2022 DISCLAIMER 1 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation and any other written or oral statements made by us or on our behalf to analysts, investors, the media, and others may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The terms "Universal," the "Company," "we," "us" and "our" mean collectively Universal Logistics Holdings, Inc., a Michigan corporation, together with its ...

Universal Logistics Holdings, Inc. (NASDAQ:ULH) Q3 2022 Earnings Conference Call October 28, 2022 10:00 AM ET Company Representatives Tim Phillips - Chief Executive Officer Jude Beres - Chief Financial Officer Steven Fitzpatrick - Vice President of Finance, Investor Relations Conference Call Participants Bruce Chan - Stifel Operator Hello, and welcome to Universal Logistics Holdings, Third Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. [Operator Instructions] ...

Universal Logistics Holdings, Inc. (NASDAQ:ULH) Q2 2022 Earnings Conference Call July 29, 2022 10:00 AM ET Company Participants Tim Phillips - Chief Executive Officer Jude Beres - Chief Financial Officer Conference Call Participants Bruce Chan - Stifel Operator Hello, and welcome to Universal Logistics Holdings Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] A brief question-and-answer session will follow the formal presentation ...

Universal Logistics Holdings, Inc. (NASDAQ:ULH) Q1 2022 Earnings Conference Call May 6, 2022 10:00 AM ET Company Participants Tim Phillips – Chief Executive Officer Jude Beres – Chief Financial Officer Conference Call Participants Eli Winski – Citi J. Bruce Chan – Stifel Operator Hello and welcome to the Universal Logistics Holdings First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-andanswer sessi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-51142 UNIVERSAL LOGISTICS HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) Michigan 38-3640097 (State or Other Jurisdiction of (I.R.S. Employer Incorp ...