TL;DR
Universal Logistics Holdings reported third-quarter 2026 revenue of $394.0 million, net income of $18.1 million and diluted earnings per share of $0.69. The company also declared a quarterly dividend of $0.105 per share and said its revolving credit facility was extended through September 30, 2029.
Universal Logistics Holdings reported third-quarter 2026 net income of $18.1 million and diluted earnings per share of $0.69, alongside operating revenue of $394.0 million. The transportation and logistics company also declared a quarterly dividend of $0.105 per share and reported that its revolving credit facility was extended through September 30, 2029.
The company reported operating income of $32.8 million and an operating margin of 8.3% for the quarter. Adjusted EBITDA, a non-GAAP measure, was $64.7 million, compared with $43.3 million in the third quarter of 2025. Universal’s release says reconciliations of its non-GAAP measures to comparable GAAP figures are included in the full report.
Year-over-year comparisons require care: in the third quarter of 2025, Universal recorded a $117.9 million net loss and a $4.48 loss per share. The company said that period included $124.4 million in non-cash impairment charges. Excluding the impact of those charges, it reported adjusted operating income of $7.0 million and an adjusted operating margin of 1.8% for the prior-year quarter. The current quarter’s operating income and margin are GAAP figures; the adjusted prior-year figures are non-GAAP.
Universal reported $394.0 million in total revenue, slightly below $396.8 million a year earlier. Contract Logistics accounted for $271.9 million, or about 69% of revenue; Intermodal contributed $53.1 million, or 13.5%; and Trucking generated $69.0 million, or 17.5%.
At October 3, 2026, the company reported $678.1 million in debt, net, and $15.3 million in cash and cash equivalents. Gross borrowings were approximately $681.7 million. Universal classified $500.5 million as Operating Debt, consisting of revolving credit facility borrowings and equipment financing, and $181.2 million as CTL financing. Its reported Credit Agreement Leverage Ratio was 1.98x.
Profitability Improves Across Key Segments
The results show a return to quarterly profitability compared with the prior-year reported loss, although that loss was heavily affected by a non-cash impairment. The comparison with Universal’s adjusted 2025 operating figures offers additional perspective: the company reported adjusted operating income of $7.0 million then, versus current-quarter GAAP operating income of $32.8 million. Because the figures use different presentations, they should not be treated as a directly like-for-like adjusted comparison.
Intermodal’s shift to operating income is another notable development. The segment generated $2.7 million in operating income after reporting a large loss in the prior-year quarter, which included the impairment charge. Its revenue remained lower year over year and its load volume fell sharply, so the improved result does not by itself establish that the segment’s recovery will continue.
The dividend and facility extension are relevant to shareholders and creditors. The dividend sets a cash distribution for eligible shareholders, while the extended revolving facility provides financing access through September 2029. The company’s debt and leverage figures also give readers information about its capital structure, but the supplied release does not establish how those figures may change.
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A Recovery Against an Impairment-Affected Quarter
Universal operates Contract Logistics, Intermodal and Trucking businesses. Contract Logistics includes value-added logistics programs and dedicated transportation services; the company also provides intermodal and trucking services. Its revenue mix in the third quarter was weighted toward Contract Logistics, which generated approximately 69% of consolidated revenue.
The prior-year comparison is affected by $124.4 million in non-cash impairment charges, which Universal said contributed to its reported operating and net losses. For that reason, the change from a $117.4 million operating loss in the third quarter of 2025 to $32.8 million in the current quarter should be read alongside the company’s adjusted prior-year figures, rather than as evidence that the entire difference reflects changes in ordinary operations.
The company described a mixed operating picture. Contract Logistics revenue rose 2.8% year over year, while Intermodal revenue declined 17.9% and Trucking revenue increased to $69.0 million from $67.7 million. Intermodal revenue nevertheless rose 20.4% sequentially from the second quarter, according to the release.
„Our third quarter results reflect solid execution across our portfolio of transportation and logistics services.“
— Tim Phillips, Universal Logistics CEO
Recovery and Debt Trends Remain Open
The release does not provide a forecast for revenue, earnings, segment performance or future dividends. It is also unclear from the supplied material whether the improvement in Intermodal operating income will persist, particularly given the segment’s 45.7% year-over-year decline in load volumes and 17.9% decline in revenue.
The report gives debt and leverage figures as of October 3 but does not, in the supplied excerpt, detail future debt-reduction plans or the terms and pricing of the extended credit facility. The financial results describe one quarter and do not establish how the company will perform in subsequent periods.
Dividend Payment and Facility Term
Universal declared a $0.105-per-share quarterly dividend. The supplied report excerpt does not state the dividend’s record date or payment date, so shareholders should consult the company’s full announcement for those details.
The revolving credit facility is now extended through September 30, 2029, according to the release. Investors and creditors will be able to assess subsequent results, debt levels and segment trends as Universal reports future quarters; no forward guidance is included in the supplied material.
Key Questions
How much did Universal Logistics earn in the third quarter of 2026?
Universal reported net income of $18.1 million and diluted earnings per share of $0.69 for the quarter.
What dividend did Universal declare?
The company declared a quarterly dividend of $0.105 per share. The supplied announcement excerpt does not include the record or payment dates.
How did revenue compare with the prior-year quarter?
Revenue was $394.0 million, compared with $396.8 million in the third quarter of 2025. Contract Logistics made up about 69% of current-quarter revenue.
Why was Universal’s prior-year result a loss?
Universal reported a $117.9 million net loss for the third quarter of 2025 and said it included $124.4 million in non-cash impairment charges.
What happened to the revolving credit facility?
Universal said its revolving credit facility was extended through September 30, 2029. The supplied release excerpt does not give further facility terms.
Source: prnewswire.com
