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

Core Insights - Universal Logistics Holdings, Inc. reported a consolidated net income of $20.2 million for Q4 2024, a decrease from$21.4 million in Q4 2023, with total operating revenues increasing to $465.1 million from$390.9 million year-over-year [1][7] - For the full year 2024, the company achieved earnings per diluted share of $4.93, up from$3.53 in 2023, with total operating revenues reaching $1.85 billion compared to$1.66 billion in the previous year [1][7] Financial Performance - Operating income for Q4 2024 increased by $4.2 million to$38.3 million, with an operating margin of 8.2%, slightly down from 8.7% in Q4 2023 [2] - EBITDA for Q4 2024 rose to $73.5 million, a significant increase of$18.7 million from $54.8 million in the same quarter last year, resulting in an EBITDA margin of 15.8$307.4 million, driven by a specialty development project and the acquisition of Parsec [4][19] - Operating income in this segment rose to $39.1 million, although the operating margin decreased to 12.7$73.1 million, with load volumes down 15.3% and an operating loss of $(9.7) million, compared to a loss of$(1.0) million in the previous year [5][9] Trucking - Trucking segment revenues increased by 11.5% to $83.8 million, with a notable 30.5$5.8 million, with an operating margin of 6.9%, up from 3.3% in the same period last year [10][16] Cash and Debt Position - As of December 31, 2024, the company held cash and cash equivalents of $19.4 million and marketable securities of$11.6 million, with outstanding debt totaling $762.6 million [12][18]