Universal Logistics Ekes Out Flat Q4 In Promising End To Rough 2019
Universal Logistics Holdings (NASDAQ: ULH ) reported a modest drop in profits and revenue during the fourth quarter – results that look pretty good in the context of a rough 2019. The Warren, Mich,-based transportation and logistics provider posted net income of $8.6 million, or $0.32 per share on revenues of $375.9 million, in line with analysts expectations. The results are essentially flat compared to the fourth quarter of 2018, which saw a net income of $9.0 million, or $0.32, on revenues of $386.4 million. Universal's intermodal business surged during the quarter, increasing by $28.4 million to $112 million. Intermodal strength helped offset declines all of Universal's other segments, led by … Full story available on Benzinga.com
Universal Logistics Ekes Out Flat Q4 In Promising End To Rough 2019
Universal Logistics Holdings (NASDAQ: ULH ) reported a modest drop in profits and revenue during the fourth quarter – results that look pretty good in the context of a rough 2019. The Warren, Mich,-based transportation and logistics provider posted net income of $8.6 million, or $0.32 per share on revenues of $375.9 million, in line with analysts expectations. The results are essentially flat compared to the fourth quarter of 2018, which saw a net income of $9.0 million, or $0.32, on revenues of $386.4 million. Universal's intermodal business surged during the quarter, increasing by $28.4 million to $112 million. Intermodal strength helped offset declines all of Universal's other segments, led by … Full story available on Benzinga.com