Universal Logistics Holdings Second Quarter 2024 Earnings: EPS Beats Expectations

Universal Logistics Holdings (NASDAQ:ULH) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$462.2m (up 12% from 2Q 2023).
• Net income: US$30.7m (up 30% from 2Q 2023).
• Profit margin: 6.7% (up from 5.7% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.17 (up from US$0.90 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Universal Logistics Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%.

Looking ahead, revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Transportation industry in the US are expected to grow by 7.8%.

Performance of the American Transportation industry.

The company's shares are up 1.9% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Universal Logistics Holdings (1 doesn't sit too well with us!) that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.