Universal Logistics (ULH) Q1 2026 earnings summary

Executive summary

• Reported a net loss of $3.5 million for Q1 2026, compared to net income of $6.0 million in Q1 2025.

• Operating revenues declined to $367.6 million from $382.4 million year-over-year.

• Operating income dropped to $4.8 million from $15.7 million in the prior year period.

• EPS was $(0.13) versus $0.23 in Q1 2025.

• Quarterly dividend declared at $0.105 per share.

Financial highlights

• EBITDA was $40.7 million, down from $51.7 million year-over-year; EBITDA margin fell to 11.1% from 13.5%.

• Operating margin decreased to 1.3% from 4.1% in the prior year.

• Cash and cash equivalents stood at $17.9 million as of April 4, 2026.

• Outstanding debt was $754.7 million at quarter end.

• Capital expenditures totaled $9.6 million for the quarter.

Outlook and guidance

• Management cited ongoing weakness in the intermodal segment and slower-than-expected recovery.

• Operational improvements are being implemented to restore intermodal profitability.

• Confidence expressed in the business model’s long-term resilience and strategy execution.