Universal Logistics (ULH) Q4 2025 earnings summary

Executive summary

• Fourth quarter 2025 operating revenues were $385.4 million, down from $465.1 million year-over-year.

• Net income for the quarter was $3.7 million, or $0.14 per share, compared to $20.2 million, or $0.77 per share, in the prior year.

• Quarterly dividend declared at $0.105 per share, payable April 3, 2026.

• CEO highlighted mixed results, with contract logistics and trucking meeting expectations, but intermodal underperforming.

Financial highlights

• Operating income for Q4 2025 was $17.5 million, down from $38.3 million year-over-year.

• EBITDA for the quarter was $57.1 million, compared to $73.5 million last year.

• Operating margin was 4.5%, down from 8.2% in Q4 2024.

• Adjusted EBITDA margin was 14.8%, compared to 15.8% a year ago.

Outlook and guidance

• Management remains focused on operational efficiencies and cost-saving initiatives amid muted market conditions.

• Forward-looking statements caution about risks from market conditions, customer demand, pricing, and labor availability.