WARREN, Mich., July 7, 2016 /PRNewswire/ -- Universal
Logistics Holdings, Inc. (NASDAQ: ULH) announced today the planned
release of its second quarter 2016 financial results after the
market closes on Thursday, July 28,
2016.
Based on currently available information, Universal expects to
report income from operations in the range of $16.2 million to $18.1 million, on total
operating revenues anticipated to range from $271.0 million to $281.0 million. This
compares to $22.9 million of
operating income in the second quarter of 2015 on revenues totaling
$295.0 million. Universal also
anticipates earnings per diluted share in the range of $0.31 to $0.35 for the second quarter of 2016,
compared to $0.44 per share in second
quarter 2015.
Sequentially, Universal expects to report improved financial
results for the second quarter of 2016 compared to the first
quarter of 2016 and, except with respect to its support of the
heavy truck market, expects its value-added services to continue to
deliver strong financial results. Despite the positive
momentum, the challenging freight market that persists has put
downward pressure on total top-line operating revenues and
operating income when compared to the same period last year.
"We will continue to focus on maintaining market share, executing
our sales strategy and controlling costs as we manage through this
difficult freight environment," stated Universal's Chief Executive
Officer, Jeff Rogers.
Quarterly Earnings Conference Call Dial-in Details
We invite investors and analysts to our quarterly earnings
conference call:
Time: 10:00
AM EDT
Date: Friday,
July 29, 2016
Call Toll
Free: (866)
622-0924
International Dial-in: +1 (660)
422-4956
Conference
ID: 42833399
During the call, Jeff Rogers,
CEO, Jude Beres, CFO, and
Steven Fitzpatrick, Vice President
of Finance and Investor Relations, will discuss Universal's second
quarter 2016 financial performance, the demand outlook in our key
markets and other trends impacting our business.
A replay of the conference call will be available beginning two
hours after the call through August 25,
2016, by calling (855) 859-2056 (toll free) or +1 (404)
537-3406 (toll) and using conference ID 42833399. The call will
also be available on investors.goutsi.com.
About Universal
Universal Logistics Holdings, Inc. is a leading asset-light
provider of customized transportation and logistics solutions
throughout the United States, and
in Mexico, Canada and Colombia. We provide our customers with
supply chain solutions that can be scaled to meet their changing
demands and volumes. We offer our customers a broad array of
services across their entire supply chain, including
transportation, intermodal, and value-added services.
Forward Looking Statements
Some of the statements contained in this press release might
be considered forward-looking statements. These statements identify
prospective information. Forward-looking statements are based on
information available at the time and/or management's good faith
belief with respect to future events, and are subject to risks and
uncertainties that could cause actual performance or results to
differ materially from those expressed in the statements. These
forward-looking statements are subject to a number of factors that
may cause actual results to differ materially from the expectations
described. Additional information about the factors that may
adversely affect these forward-looking statements is contained in
the Company's reports and filings with the Securities and Exchange
Commission. The Company assumes no obligation to update
forward-looking statements to reflect actual results, changes in
assumptions or changes in other factors affecting forward-looking
information except to the extent required by applicable securities
laws.
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SOURCE Universal Logistics Holdings, Inc.