Filing Flows › Universal Logistics Holdings (ULH) › Q1 2026
Universal Logistics Holdings (ULH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Universal Logistics Holdings (ULH) reported revenue of $368M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -5% from the quarter before. Operating margin was 1.3%, net loss $3.5M (1.0% of revenue).
Universal Logistics Holdings, Q1 2026: revenue $368M (-4% year over year), operating margin 1.3%, net loss $3.5M, operating cash flow $33.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $368M | -5% | -4% |
| Operating profit | $4.8M | -73% | -70% |
| Net earnings | −$3.5M | -194% | -158% |
| Operating cash flow | $33.4M | -29% | -60% |
| Free cash flow | $23.8M | +67% | -25% |
What changed
Revenue was $367.6M in Q1 2026, down 4% year over year and down 5% from the previous quarter. Value Added Services was the largest line at 50% of revenue. Intermodal Services lost $21.1M year over year (down 31%), 143% of the total change.
Operating profit was $4.8M, a 1.3% margin (down 2.8 points year over year). Total costs fell 1% while revenue fell 4%. The fastest-growing cost line was General & admin (+11%). The quarter ended with a net loss of $3.5M, after a profit of $3.7M the previous quarter. Net interest and other expense of $9.4M was the main reason.
Operating cash flow was $33.4M (down 60% year over year). Non-cash charges added back $35.6M of depreciation and amortization and $1.0M of share-based compensation. Capital expenditures of $9.6M left free cash flow of $23.8M.
Questions
What was Universal Logistics Holdings' revenue in the first quarter 2026?
Universal Logistics Holdings (ULH) reported revenue of $368M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -5% from the quarter before.
Was Universal Logistics Holdings profitable in the first quarter 2026?
Operating profit was $4.8M (1.3% of revenue) and net loss $3.5M.