Filing Flows › Universal Logistics Holdings (ULH) › Q1 2025
Universal Logistics Holdings (ULH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Universal Logistics Holdings (ULH) reported revenue of $382M for the first quarter 2025 (Q1 2025), -22% from a year earlier and -18% from the quarter before. Operating margin was 4.1%, net earnings $6.0M (1.6% of revenue).
Universal Logistics Holdings, Q1 2025: revenue $382M (-22% year over year), operating margin 4.1%, net earnings $6.0M, operating cash flow $84.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $382M | -18% | -22% |
| Operating profit | $15.7M | -59% | -79% |
| Net earnings | $6.0M | -70% | -89% |
| Operating cash flow | $84.3M | +41% | +129% |
| Free cash flow | $31.7M | +67% | — |
What changed
Revenue was $382.4M in Q1 2025, down 22% year over year and down 18% from the previous quarter. Value Added Services was the largest line at 45% of revenue. Value Added Services lost $54.3M year over year (down 24%), 50% of the total change.
Operating profit was $15.7M, a 4.1% margin (down 11.2 points year over year). Total costs fell 12% while revenue fell 22%. Net earnings were $6.0M, down 89% year over year. The effective tax rate was 25.1%.
Operating cash flow was $84.3M (up 129% year over year), 1402% of net earnings. Non-cash charges added back $35.5M of depreciation and amortization and $385K of share-based compensation. Working capital and other items added $42.4M. Capital expenditures of $52.6M left free cash flow of $31.7M.
Questions
What was Universal Logistics Holdings' revenue in the first quarter 2025?
Universal Logistics Holdings (ULH) reported revenue of $382M for the first quarter 2025 (Q1 2025), -22% from a year earlier and -18% from the quarter before.
Was Universal Logistics Holdings profitable in the first quarter 2025?
Operating profit was $15.7M (4.1% of revenue) and net earnings $6.0M.