WARREN, Mich., April 5, 2017 /PRNewswire/ -- Universal
Logistics Holdings, Inc. (NASDAQ: ULH) announced today the planned
release of first quarter 2017 financial results on Thursday, April 27, 2017, immediately prior to
the beginning of its annual shareholders meeting at 10:00 a.m. ET.
Based on currently available information, Universal expects to
report income from operations in the range of $7.0 million to $8.5 million, on total operating
revenues anticipated to range from $280
million to $285 million. This compares to $13.9 million of operating income in the first
quarter of 2016 on revenues totaling $260.4
million. Universal anticipates earnings per diluted
share to be in the range of $0.11 to
$0.14 for the first quarter of 2017, compared to
$0.26 per share in first quarter
2016.
"We're seeing top-line revenue growth in many of our service
categories, and expect that trend to continue throughout the year,"
stated Universal's Chief Executive Officer, Jeff Rogers. "Our focus remains on
improving margins, particularly at our large value-added programs
where there is a great deal of opportunity right in front of
us. I anticipate we'll have a couple challenging quarters as
we work through the launch phases of two major value-added
programs, and that our operating results will likely continue to be
adversely impacted by our operations supporting heavy-truck.
I expect those factors to level out by the second half of the year
and, at the same time, we should start to experience price
increases in our transportation businesses due to tightening
capacity. As we work through our near-term challenges, we
remain committed to providing outstanding service to our customers
and delivering profitable growth."
Quarterly Earnings Conference Call Dial-in Details
We invite investors and analysts to our quarterly earnings
conference call:
Time:
|
|
10:00 AM
ET
|
Date:
|
|
Friday, April 28,
2017
|
Call Toll
Free:
|
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(866)
622-0924
|
International
Dial-in:
|
|
+1 (660)
422-4956
|
Conference ID:
|
|
90135326
|
During the call, Jeff Rogers,
Chief Executive Officer, Jude Beres,
Chief Financial Officer, and Steven
Fitzpatrick, Vice President of Finance and Investor
Relations, will discuss Universal's first quarter 2017 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 May 26,
2017, by calling (855) 859-2056 (toll free) or +1 (404)
537-3406 (toll) and using conference ID 90135326. The call will
also be available on investors.universallogistics.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 truckload,
brokerage, dedicated, 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 can be
identified by words such as: "expect," "anticipate," "intend,"
"plan," "goal," "seek," "believe," "project," "estimate," "future,"
"likely," "may," "should" and similar references to future periods.
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. Examples of forward-looking
statements include, among others, statements we make regarding
guidance relating to income from operations, total operating
revenues, and earnings per diluted share. 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.