WARREN, Mich., Oct. 5, 2017 /PRNewswire/ -- Universal
Logistics Holdings, Inc. (NASDAQ: ULH) announced today the planned
release of third quarter 2017 financial results after the market
closes on Thursday, October 26,
2017.
Based on currently available information, Universal expects to
report income from operations in the range of $12.0 million to $13.5 million, on total
operating revenues anticipated to range from $300 million to $305 million. This compares
to $10.0 million of operating income
in the third quarter of 2016 on revenues totaling $271.5 million. Universal anticipates
earnings per diluted share to be in the range of $0.22 to $0.25 for the third quarter of 2017,
compared to $0.18 per share in third
quarter 2016.
"The third quarter is shaping up to be a good quarter for us,"
stated Universal's Chief Executive Officer, Jeff Rogers. "In addition to another quarter of
double-digit revenue growth, our logistics teams did a great job of
turning around a few underperforming value-added operations.
Transportation is delivering solid results, and as capacity
continues to tighten, I believe we are well positioned to take
advantage of the strengthening freight environment. We are
optimistic for the remainder of the year, and very excited about
the road ahead."
Quarterly Earnings Conference Call Dial-in Details
We invite investors and analysts to our quarterly earnings
conference call:
Time:
|
|
10:00 AM Eastern
Time
|
Date:
|
|
Friday, October 27,
2017
|
Call Toll
Free:
|
|
(866)
622-0924
|
International
Dial-in:
|
+1 (660)
422-4956
|
Conference
ID:
|
|
92392088
|
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 third 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 November 23,
2017, by calling (855) 859-2056 (toll free) or +1 (404)
537-3406 (toll) and using conference ID 92392088. 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.