Universal Logistics Holdings, Inc. (ULH) Tops Q1 EPS by 6c
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Universal Logistics Holdings Reports First Quarter 2020 Financial Results
April 30, 2020 4:30 PM EDTWARREN, Mich., April 30, 2020 /PRNewswire/ -- Universal Logistics Holdings, Inc. (NASDAQ: ULH), a leading asset-light provider of customized transportation and logistics solutions, today reported consolidated first quarter 2020 net income of $12.2 million, or $0.45 per basic and diluted share, on total operating revenues of $382.2 million. This compares to $17.3 million, or $0.61 per basic and diluted share, during first quarter 2019 on total operating revenues of $377.4 million. Included in first quarter 2020 results were $3.4 million of pre-tax holding losses, or $0.09 per share, on marketable securities due to changes in fair value recognized in income. This compares to $0.9 million of pre-tax holding gains in the first quarter of 2019.Â
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