Universal logistics holdings, inc. reports third quarter 2016 financial results

WARREN, Mich., Oct. How to buy cars from insurance companies direct 27, 2016 /PRNewswire/ — Universal Logistics Holdings, Inc. Auto direct car insurance contact (NASDAQ: ULH) today reported third quarter 2016 net income of $5.0 million, or $0.18 per basic and diluted share, on total operating revenues of $271.5 million. 1 call direct car insurance This compares to $9.2 million, or $0.32 per basic and diluted share, during third quarter 2015 on total operating revenues of $284.2 million.

Operating revenues from transportation services decreased $14.5 million, including a decline of $3.3 million in separately-identified fuel surcharges, to $163.6 million for the quarter ended October 1, 2016. Open and direct car insurance ni This compares to $178.1 million for the same period last year. Canadian direct auto insurance The reduction in transportation services also reflects a 10.3% year-over-year decrease in average operating revenue per load, excluding fuel surcharges. Direct insurance company inc The declines in transportation service revenues were however partly offset by a 2.7% increase in the number of loads hauled. Flux direct car insurance contact number During the quarter ended October 1, 2016, Universal hauled 154,700 transportation services loads compared to 150,668 during the same period last year.

Overall, value-added services revenues increased $3.6 million to $72.0 million in the third quarter of 2016, compared to $68.4 million in the same period last year. Nevada direct insurance The positive momentum in our value-added services was driven by the launch of several new programs over the past twelve months. Pay direct auto insurance This increase however has been partially offset by a decline in our value-added service operations supporting the heavy-truck market. Bank direct insurance Revenues attributable to these operations declined $8.7 million to $16.6 million during the third quarter of 2016, compared to $25.3 million during the same period last year.

Revenues from intermodal services declined by $1.8 million to $35.9 million in the third quarter of 2016 from $37.7 million during the same period last year. Insurance direct The decline reflects a $1.8 million decrease in revenues attributable to fuel surcharges, as well as a $0.5 million decrease in depot revenues. Direct insurance bc Compared to the same period last year, both the average operating revenue per load, excluding fuel surcharges, and the number of intermodal loads hauled increased modestly during the third quarter of 2016 by 1.1% and 0.8%, respectively.

Consolidated income from operations decreased $6.9 million to $10.0 million, compared to $16.9 million in third quarter 2015, and included a $4.1 million decline in operating income from our operations supporting heavy-truck. Direct auto insurance login During the third quarter of 2016, EBITDA decreased by $6.4 million to $19.1 million compared to $25.5 million in the same period last year. Direct line car insurance contact number As a percentage of total operating revenues, operating income and EBITDA margins for the third quarter 2016 were 3.7% and 7.0%, respectively. Hastings direct car insurance contact number These profitability metrics compare to 6.0% and 9.0%, respectively, in third quarter 2015.

Income from operations in Universal’s logistics segment, which includes value-added and dedicated transportation services, declined to $5.4 million in the third quarter 2016, from $10.1 million in the same period last year. Call direct car insurance During the third quarter 2016, income from operations in Universal’s transportation segment, which is primarily comprised of truckload and intermodal services, decreased to $4.6 million, compared to $8.1 million during the same period last year on total operating revenues of $169.7 million compared to $186.9 million one year earlier.

“We are encouraged by the growth in our value-added business and are launching new programs at the fastest pace in our recent history,” stated Jeff Rogers, Universal’s Chief Executive Officer. Top quote direct car insurance “Despite these positive trends, we continue to face challenges in the heavy-truck market where we’ve seen our operating revenues decline in excess of 30% compared to last year. Direct auto insurance claims address Although I do believe we are at or near the bottom of the cycle in this market, we do expect the current conditions to persist for at least the near term.

Direct group insurance Our focus is going to be to execute well on things within our control. Dial direct insurance contact number We are going to continue to provide operational and service excellence for our customers, pursue the opportunities in our sales pipeline and make smart decisions on spending. Direct auto insurance jobs Our focus is on the long-term, and we are confident in the resiliency of our business model.”

Universal calculates and reports selected financial metrics in connection with lending arrangements, or in an effort to isolate and exclude the impact of non-operating expenses related to our corporate development activities. Free phone number for direct line car insurance These statistics are described in more detail below in the section captioned “Non-GAAP Financial Measures.”

As of October 1, 2016, Universal held cash and cash equivalents totaling $1.5 million and marketable securities totaling $13.8 million. Car insurance auto direct Outstanding debt, net of debt issue costs, was $248.9 million and capital expenditures totaled $36.2 million in the third quarter 2016.

Universal Logistics Holdings, Inc. Direct insurance contact number also announced today that its Board of Directors has declared a quarterly cash dividend of $0.07 per share of common stock. Employers direct insurance The dividend is payable to shareholders of record at the close of business on November 7, 2016 and is expected to be paid on November 17, 2016.

We invite investors and analysts to our quarterly earnings conference call. Auto direct car insurance telephone number 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 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 November 25, 2016, by calling (855) 859-2056 (toll free) or +1 (404) 537-3406 (toll) and using conference ID 90900872. Canadian direct insurance phone number The call will also be available on investors.goutsi.com.

Universal Logistics Holdings, Inc. Deal direct insurance is a leading asset-light provider of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada and Colombia. Quinn direct car insurance contact number We provide our customers with supply chain solutions that can be scaled to meet their changing demands and volumes. Direct line insurance contact We offer our customers a broad array of services across their entire supply chain, including transportation, intermodal, and value-added services.

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.

We present EBITDA because we believe it assists investors and analysts in comparing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance.

• EBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on our debts;

• Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and EBITDA does not reflect any cash requirements for such replacements; and

Because of these limitations, EBITDA should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. Direct insurance phone number We compensate for these limitations by relying primarily on our GAAP results and EBITDA only supplementally.

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