Universal Logistics | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 379.32 M

Revenue: As of FY2026 Q2, the actual value is USD 379.32 M, missing the estimate of USD 380.4 M.

EPS: As of FY2026 Q2, the actual value is USD 0.99.

EBIT: As of FY2026 Q2, the actual value is USD 45.14 M.

Overall Financial Performance (Second Quarter 2026 vs. Second Quarter 2025)

Universal Logistics Holdings, Inc. reported consolidated operating revenues of $379.3 million for the second quarter of 2026, a decrease from $393.8 million in the corresponding period last year. Income from operations significantly increased to $45.1 million from $19.9 million in the prior year, with net income rising to $26.2 million from $8.3 million year-over-year.

The GAAP operating margin for the second quarter of 2026 was 11.9%, an improvement from 5.1% in the same period last year. Excluding specific adjustments, the adjusted income from operations was $16.0 million, down from $19.9 million, resulting in an adjusted operating margin of 4.2% compared to 5.1% in the second quarter of 2025. Adjusted EBITDA for the second quarter 2026 was $49.2 million, a decrease from $56.2 million one year earlier, with an adjusted EBITDA margin of 13.0% compared to 14.3% in the prior year.

Segment Revenue and Operating Income (Second Quarter 2026 vs. Second Quarter 2025)

Contract Logistics Segment

Operating revenues for the contract logistics segment increased by 4.2% to $271.4 million from $260.6 million last year. Income from operations for this segment rose to $24.6 million from $21.8 million, and the operating margin improved to 9.1% from 8.4% year-over-year. Fuel surcharges were $10.5 million, up from $7.3 million, and the company managed 79 value-added programs, down from 87 programs.

Intermodal Segment

Operating revenues in the intermodal segment decreased by 36.0% to $44.1 million from $68.9 million in the previous year, primarily due to lower load volumes and pricing pressures. The segment incurred an operating loss of -$10.4 million, worsening from an operating loss of -$5.7 million in the same period last year, with an operating margin of -23.7% compared to -8.2%. Load volumes declined by 34.0%, and average operating revenue per load (excluding fuel surcharges) decreased by 6.3%. Fuel surcharges were $7.1 million, down from $8.2 million, and other accessorial charges totaled $5.2 million, down from $9.2 million.

Trucking Segment

Operating revenues in the trucking segment slightly decreased to $63.8 million from $64.1 million in the prior year. Income from operations was $2.9 million, down from $3.3 million last year, and the segment’s operating margin was 4.5% compared to 5.2%. Brokerage services contributed $18.8 million in revenue, compared to $18.4 million, and fuel surcharges were $5.6 million, up from $3.4 million. Load volumes declined by 15.7%, while the average operating revenue per load (excluding fuel surcharges) increased by 15.5%.

Other Financial and Operational Metrics

Cash and Debt

As of July 4, 2026, Universal Logistics Holdings, Inc. held cash and cash equivalents totaling $20.3 million. Total outstanding borrowings were $695.5 million, representing a decrease of $59.2 million during the quarter and $106.8 million since December 31, 2025. The company had approximately $238.8 million available under its $500 million revolving credit facility and was in compliance with its financial covenants.

Capital Expenditures

Capital expenditures during the quarter totaled $67.7 million, which included a $55.0 million non-cash expenditure related to a previously disclosed property exchange.

Dividend

Universal Logistics Holdings, Inc. declared a cash dividend of $0.105 per share of common stock, payable on October 1, 2026, to shareholders of record as of September 1, 2026.

Outlook / Guidance

Universal Logistics Holdings, Inc.’s CEO noted that second quarter results demonstrated improved execution, with strong performance from the contract logistics and trucking segments. The intermodal segment also made meaningful progress, positioning it to benefit from a recovery in freight markets. The company believes the freight cycle is moving in a favorable direction and remains committed to its long-term strategy and investing in operations, despite the recovery being in its early stages.