Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
28 February, 2024 18:32 IST
Universal Logistics Holdings first-quarter earnings plunge by 42.25 percent on a YOY basis
Source: IRIS | 23 Jun, 2017, 12.08PM

Powered by IRIS XBRL Data
Rating: NAN / 5 stars.
Comments  |  Post Comment

 

Universal Logistics Holdings, Inc. has reported a 42.25 percent plunge in profit for the quarter ended Apr. 01, 2017. The company has earned $4.32 million, or $0.15 a share in the quarter, compared with $7.48 million, or $0.26 a share for the same period last year.      

Revenue during the quarter grew 9.24 percent to $284.44 million from $260.39 million in the previous year period. Total expenses were 96.78 percent of quarterly revenues, up from 94.65 percent for the same period last year. That has resulted in a contraction of 213 basis points in operating margin to 3.22 percent.

Operating income for the quarter was $9.17 million, compared with $13.93 million in the previous year period.

"We are very excited to see top-line revenue growth in every one of our service categories," stated Jeff Rogers, Universal’s chief executive officer, "and even more so, to see double-digit growth in several of them. We are also pleased to see the year-over-year improvement in the operating results from our transportation segment. I believe those businesses are well positioned to provide solid results throughout the year. Despite numerous positive signs, we are still facing real challenges at a few of our large value-added programs. We have experienced certain production issues and on-going launch costs that have depressed the performance of these operations. Although we are making progress, additional improvement is required in order to reach the level of profitability that we expect. There exists a substantial opportunity for improved results right in front of us, and we remain committed to achieving profitable growth."

Debt moves up
Universal Logistics Holdings, Inc. has witnessed an increase in total debt over the last one year. It stood at $256.29 million as on Apr. 01, 2017, up
9.67 percent or $22.60 million from $233.70 million on Apr. 02, 2016. Interest coverage ratio deteriorated to 4.10 for the quarter from 7.10 for the same period last year.   Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]



 Post Comment
Name Email
Comment
Security Code type    into this box
US Equities
Innodata Isogen swings to first-quarter loss on a YOY basis - 10-Jul-2017 03:29
Echelon Corp first-quarter loss widens on a YOY basis - 09-Jul-2017 20:32
Diversicare Healthcare Services swings to first-quarter profit on a YOY basis - 09-Jul-2017 19:51
Dextera Surgical third-quarter loss widens on a YOY basis - 09-Jul-2017 18:20
Open Text Corp third-quarter earnings plunge by 68.72 percent on a YOY basis - 09-Jul-2017 15:17
NAPCO Security Technologies third-quarter earnings decline by 12.19 percent on a YOY basis - 09-Jul-2017 14:31
Patriot National Bancorp first-quarter profit jumps 165.75 percent on a YOY basis - 09-Jul-2017 13:29
Patriot National Bancorp first-quarter profit jumps 165.75 percent on a YOY basis - 09-Jul-2017 13:29
Alaska Communications Systems Group swings to first-quarter loss on a YOY basis - 09-Jul-2017 12:00
Delcath Systems first-quarter loss widens on a YOY basis - 08-Jul-2017 18:33
Edgewater Technology first-quarter loss widens on a YOY basis - 08-Jul-2017 16:21
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer