Universal Logistics Holdings, Inc. (ULH) Market Cap
Universal Logistics Holdings, Inc. has a market capitalization of $615M.
Financials based on reported quarter end 2025-12-31
Price: $23.34
▲ 0.80 (3.55%)
Market Cap: 615.01M
NASDAQ · time unavailable
CEO: Timothy Phillips
Sector: Industrials
Industry: Trucking
IPO Date: 2005-02-11
Website: https://www.universallogistics.com
Universal Logistics Holdings, Inc. (ULH) - Company Information
Market Cap: 615.01M · Sector: Industrials
Universal Logistics Holdings, Inc. provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services; and final mile and ground expedite services. The company transports various commodities comprising automotive parts, machinery, building materials, paper, food, consumer goods, furniture, steel, and other metals. It also provides value-added services for individual customer requirements, including material handling, consolidation, sequencing, sub-assembly, cross-dock, kitting, repacking, warehousing, and returnable container management; and intermodal support services comprising short-to-medium distance delivery of steamship and rail truck containers between the port or railhead, and the customer and drayage services. The company serves automotive, steel, oil and gas, alternative energy, and manufacturing industries, as well as other transportation companies who aggregate loads from various shippers. The company was formerly known as Universal Truckload Services, Inc. and changed its name to Universal Logistics Holdings, Inc. in April 2016. Universal Logistics Holdings, Inc. was founded in 1932 and is headquartered in Warren, Michigan.
Analyst Sentiment
Based on 1 ratings
Analyst 1Y Forecast: $20.50
Average target (based on 1 sources)
Consensus Price Target
Low
$17
Median
$17
High
$17
Average
$17
Downside: -27.2%
Price & Moving Averages
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Fundamentals Overview
📊 AI Financial Analysis
Powered by StockMarketInfo"For the year ended December 31, 2025, ULH reported revenue of $385.43M, indicating a robust selling activity despite facing a net loss of $39.43M. The company’s shares outstanding total 26.33M, and the debt situation shows net debt at $176.40M against total assets of $1.77B, highlighting a leveraged balance sheet with total liabilities of $1.23B. Operational cash flow was positive at $47.12M, leading to a free cash flow of $14.27M after accounting for capital expenditures of $32.85M. In shareholder returns, ULH paid dividends totaling approximately $1.24M in the last year, although the dividends did not offset the substantial share price decline of 28.16% over the past year, despite a year-to-date gain of 27.21%. Valuation metrics suggest room for improvement in achieving a more favorable investor sentiment as the current market price stands at $19.59 against a consensus price target of $17."
Revenue Growth
Strong revenue of $385.43M indicates growth potential despite losses.
Profitability
Net loss shows profitability challenges, needing further efforts to achieve positive net income.
Cash Flow Quality
Positive operating cash flow and free cash flow signals sound cash management.
Leverage & Balance Sheet
Leverage is moderate with net debt and liabilities impacting equity safety.
Shareholder Returns
Dividends paid are overshadowed by a significant price decline; YTD trends show potential rebound.
Analyst Sentiment & Valuation
Current market price exceeds consensus target, reflecting cautious analyst sentiment.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.
ULH’s Q2 showed sharp year-over-year deterioration: revenue fell to $393.8M and net income dropped to $0.32 EPS, while operating margin compressed to 5.1% (from 10.2%) and EBITDA margin to 14.3% (from 18.4%). Management’s tone is confident operationally (cost discipline, Parsec integration, sales buildout), but the Q&A reveals why results are weak: tariffs drove a mid-to-late May through June volume falloff concentrated in Intermodal import flows (discount retailers with Chinese sourcing), and Class 8/OEM demand is pressured by steel/aluminum tariffs, soft trucking, and reduced pull-forward from the 2027 NOx/emissions rollback. In Intermodal, management set an explicit recovery goal—return to profitability in Q3 or Q4—yet admits it depends on top-of-funnel sales execution, pricing room in reopened bids, and customer re-engagement. Meanwhile, Q3 guidance (operating margin 5%–7%, EBITDA margin 14%–16%) assumes cyclical uplift and pent-up ordering, but management ultimately frames the tariff trajectory as “wait and see,” reflecting analyst pressure around uncertain back-half demand.
Growth Catalysts
- Integration progress of Parsec (contributed $55 million of revenue in Q2 2025)
- Third-quarter expected normal cyclical uplift (management expects more cyclical Intermodal volumes)
- Pent-up ordering expected to hit shores in Q3—especially from discount retailers—after Q2 tariff-related pause
- Wind energy specialized trucking franchise cadence expected to improve in back half of 2025 (to offset H1 tariff impact)
Business Development
- New enterprise-wide executive leadership for sales/business development and hiring of senior sales directors across regions/service lines
- Rolling out a new customer relationship management (CRM) solution to unify sales activity across the company
- Cross-selling of Intermodal customers between divisions to generate new customer opportunities
- Intermodal profitability plan includes chasing revenue realization from awarded business and re-engaging decliner customers
Financial Highlights
- Reported Q2 2025 operating revenues: $393.8M vs $462.2M prior year (down $68.4M YoY); net income $8.3M / $0.32 diluted EPS vs $30.7M / $1.17 prior year
- Income from operations: $19.9M vs $47.1M prior year (down $27.2M YoY); EBITDA down $28.6M to $56.2M (vs $84.8M prior year)
- Operating margin: 5.1% vs 10.2% prior year; EBITDA margin: 14.3% vs 18.4% prior year
- Contract Logistics operating income: $21.8M on $260.6M revenue; margin 8.4% vs 20.1% prior year (margin pressure driven by absence of prior-year special development project and higher depreciation/amortization from Parsec)
- Intermodal operating loss improved to ($5.7M) from ($10.7M) in Q1; operating ratio improved to 108.2 from 115.1 in Q1
- Intermodal Q2 revenues: $68.9M down 13.5% YoY; load volumes declined ~13%; revenue per load excluding fuel slightly improved
- Trucking revenues: $64.1M down ~30% YoY; load volumes down 22.6%; revenue per load excluding fuel down 8.9%; operating margin improved to 5.2% from 4.8% prior year
- Balance sheet: cash & cash equivalents $24.3M; marketable securities $9.9M; interest-bearing debt net of issuance costs $795.5M; net interest-bearing debt to trailing 12-mo EBITDA 3.13x (excluding ASC 842 lease liabilities)
- Q3 2025 guidance: revenues $390M–$410M; operating margins 5%–7%; EBITDA margins 14%–16%
- FY 2025 guidance: revenues $1.6B–$1.7B; capex equipment $100M–$125M; real estate $50M–$65M; interest expense $48M–$51M
- Dividend: $0.105 per share quarterly (record 9/1/2025; payable 10/1/2025)
Capital Funding
- Capital expenditures Q2 2025: $84.3M
- No buyback amount disclosed in the transcript
- Debt level disclosed: $795.5M net of debt issuance costs
- Cash/mkt securities at quarter end: $24.3M cash + $9.9M marketable securities
Strategy & Ops
- Intermodal centralization process: management is 'middle of the road, halfway through' centralizing customer service/operations; includes rationalizing headcount while preserving customer service on the tail
- Cost rationalization focus: 'sharp pencil' on awarded business to ensure revenue realization; evaluate and work with decliner customers; spot market used to fill freight cracks
- Broader commercial buildout: new sales leadership, senior sales directors, unified CRM for sales coordination and visibility into $1B sales pipeline
- Trucking: continued focus on specialized freight (wind energy—haul blades, towers, components); branch out into other heavier haul opportunities
Market Outlook
- Management expectation: general cyclical uplift in Q3, but with 'pause in how much lift' expected for Intermodal volumes
- Tariff impact timing: falloff in normal volumes occurred mid-to-end of May and lasted through June; management expects discount retailers to hit shores in 'this quarter' (Q3) to support numbers
- Explicit outlook for profitability in Intermodal: goal to return to profitability in Q3 or Q4 2025
Risks & Headwinds
- Tariffs: specifically impacted Intermodal division and import-related volumes; management linked volume falloff to discount retailers with large Chinese sourcing presence; overall other divisions had lesser tariff impact
- Macro/oem & Class 8 uncertainty: OEM/Class 8 visibility described by analyst as worsening; management cited two customers down 30% and 70% YoY volumes; headwinds include tariffs on steel/aluminum, soft trucking environment, and muted pull-forward
- NOx/2027 engine standards rollback uncertainty: management referenced administration rolling back 2027 engine NOx standards and California emissions regulations, reducing expected industry pull-forward and extending wait-and-see behavior
- Truck agent-based legacy business shrinking: legacy agent-based trucking shrinking due to initiatives plus macro; van front heavily industrial—about 70% flatbed with ~50% tied to metals/steel—described as in industrial recession
- Intermodal profitability runway: currently not profitable; losses narrowing but still requires sales funnel success (top-end) plus pricing/bid wins and customer volume recovery
- Top-line risk: management stated improvements depend on sales activity and pricing profile while also navigating bids and customer re-pricing/expansion
Sentiment: CAUTIOUS
Note: This summary was synthesized by AI from the ULH Q2 2025 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.