Prnewswire·2025-11-06 21:15Core Insights - Universal Logistics Holdings, Inc. reported consolidated operating revenues of $396.8 million for Q3 2025, with a net loss of $74.8 million and earnings per share of $(2.84) [1][9]. Financial Performance - The reported loss includes non-cash impairment charges of $81.2 million, primarily from the intermodal segment, which consisted of $58.0 million in goodwill impairment and $23.2 million related to customer-relationship intangible assets [2]. - For comparison, Q3 2024 showed total operating revenues of $426.8 million, net income of $26.5 million, and earnings per share of $1.01, with prior impairment charges of $3.7 million [3]. - Excluding impairment charges, adjusted income from operations was $7.0 million, with an adjusted operating margin of 1.8%, down from 10.9% in Q3 2024 [4]. - Adjusted EBITDA for Q3 2025 was $43.3 million, with an adjusted EBITDA margin of 10.9%, compared to $76.6 million and 18.0% in the same period last year [5]. Segment Performance - In the contract logistics segment, operating revenues increased by 7.8% to $264.4 million, with a decrease in income from operations to $13.7 million from $45.6 million year-over-year [8][10]. - The intermodal segment saw a 16.7% decrease in operating revenues to $64.7 million, with an operating loss of $(92.0) million, significantly impacted by impairment charges [12][17]. - The trucking segment's operating revenues decreased by 22.2% to $67.7 million, with an operating income of $3.9 million, down from $7.1 million in the previous year [13][18]. Cash and Dividends - The company declared a cash dividend of $0.105 per share, payable on January 2, 2026, to shareholders of record as of December 1, 2025 [14]. Future Outlook - For Q4 2025, the company expects operating revenues between $365 million and $385 million, with operating margins ranging from 4% to 6% and EBITDA margins between 12% and 14% [15].