Universal Logistics Holdings, Inc. (ULH) Misses Q2 EPS by 93c, Revenues Miss

Universal Logistics Holdings, Inc. (NASDAQ: ULH) reported Q2 EPS of ($0.30), $0.93 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $375.49 million versus the consensus estimate of $387.8 million.

"The third quarter of 2019 proved to be very challenging for Universal," stated Jeff Rogers, Universal's Chief Executive Officer. "While navigating a soft freight environment, Universal's third quarter was further impacted by the settlement of a personal injury case and then a labor strike at our largest customer. We are pleased that the UAW and GM have reached a tentative agreement, and we look forward to getting these employees back to work very soon. We have a lot of positive momentum at Universal. I remain confident in the resilience of our business model and that we have the right teams in place to continue executing our strategy."

For earnings history and earnings-related data on Universal Logistics Holdings, Inc. (ULH) click here.

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