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Universal Logistics Holdings reported third-quarter 2026 revenue of $394.0 million and net income of $18.1 million, compared with a loss in the prior-year quarter that included a large non-cash impairment charge. The company also declared a $0.105-per-share dividend and said its revolving credit facility was extended through September 30, 2029.
Universal Logistics Holdings reported $394.0 million in third-quarter 2026 revenue and net income of $18.1 million, or $0.69 per diluted share, while declaring a quarterly dividend of $0.105 per share. The transportation and logistics company also reported that its revolving credit facility was extended through September 30, 2029.
Operating income was $32.8 million, and the company reported an operating margin of 8.3%. Adjusted EBITDA, a non-GAAP measure, was $64.7 million, compared with $43.3 million in the third quarter of 2025. Universal said reconciliations of its non-GAAP measures to the closest comparable GAAP figures were included in its release.
The year-over-year comparison is affected by a substantial charge in the prior-year quarter. Universal reported a $117.9 million net loss and a $4.48 loss per share in the third quarter of 2025; the company said that period included $124.4 million in non-cash impairment charges. Excluding the impairment charges, it reported adjusted operating income of $7.0 million and an adjusted operating margin of 1.8% for that quarter. The current quarter’s results should be read alongside that difference in accounting charges.
Contract Logistics generated $271.9 million in revenue, about 69% of consolidated revenue, and $22.9 million in operating income. Revenue rose 2.8% from a year earlier, while the segment’s operating margin increased to 8.4% from 5.2%. The company attributed the performance to new value-added programs and higher volumes in some existing programs and dedicated transportation, partly offset by fewer value-added rail programs. Universal reported 76 active value-added programs at quarter-end, down from 82 a year earlier.
Intermodal revenue fell 17.9% year over year to $53.1 million, and load volume declined 45.7%. However, the segment recorded $2.7 million in operating income, compared with a prior-year operating loss that included the impairment charge. Revenue was up 20.4% sequentially from the second quarter, according to the release. Trucking revenue was $69.0 million, slightly above the prior-year figure of $67.7 million; its load volume fell 9.6%, while operating income increased to $4.4 million from $3.9 million.
At October 3, Universal reported $678.1 million in debt, net, and $15.3 million in cash and cash equivalents. Gross borrowings were approximately $681.7 million, including $500.5 million of operating debt and $181.2 million of CTL financing. The release also reported a credit agreement leverage ratio of 1.98x.
Profitability Across Logistics Segments
The results offer investors a view of how Universal’s main businesses performed amid different volume trends. Contract Logistics, the largest segment by revenue, increased operating income, while Intermodal reported positive operating income even as revenue and loads fell sharply year over year. Those figures point to a mixed operating picture rather than uniform growth across the company.
The comparison with 2025 requires care: the prior-year loss was heavily affected by the impairment charge, so the swing in reported net income does not by itself show the change in underlying operations. The release’s adjusted figures offer another comparison, but they are non-GAAP measures and should be considered alongside reported results.
The dividend declaration and credit facility extension are also relevant to shareholders and creditors. The dividend sets a declared cash payment per share, while the extended facility provides continued access to revolving credit under the agreement. The release does not establish how either item will affect future results or capital allocation.
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How the Year-Over-Year Comparison Changes
Universal describes itself as a diversified transportation and logistics company, with Contract Logistics as its largest business and Intermodal and Trucking as complementary operations. In the reported quarter, those segments accounted for about 69.0%, 13.5% and 17.5% of revenue, respectively.
The prior-year period included non-cash impairment charges totaling $124.4 million, according to the company. That charge materially affected reported operating and net results, particularly in Intermodal. Universal’s current release provides both GAAP results and selected adjusted measures, allowing readers to distinguish reported earnings from the company’s presentation excluding specified items.
Universal’s chief executive described the quarter as reflecting execution across the company’s service portfolio and said Intermodal made progress in its turnaround. Those are management assessments; the reported segment figures show positive Intermodal operating income alongside lower year-over-year revenue and loads.
“Our third quarter results reflect solid execution across our portfolio of transportation and logistics services.”
— Tim Phillips, Universal Logistics chief executive
Questions on Debt and Segment Trends
The supplied release excerpt does not provide the full terms of the revolving credit facility extension, including any changes to pricing, covenants or borrowing capacity. It reports a 1.98x credit agreement leverage ratio but does not, in the material provided, set out the calculation details or future targets.
It is also unclear from the excerpt whether Intermodal’s sequential revenue improvement will persist, or how the company expects load volumes to develop across its segments. Universal reported lower year-over-year loads in both Intermodal and Trucking, but did not provide a forward forecast in the supplied material. Future operating performance and the dividend’s continuation are not guaranteed by these quarterly results or the declaration.
Dividend Payment and Coming Results
Universal declared a quarterly dividend of $0.105 per share. The supplied release excerpt does not state the record date or payment date, so shareholders should consult the company’s full announcement or subsequent filings for those details.
The revolving credit facility is scheduled to run through September 30, 2029, according to the company. Investors will be able to assess whether the operating trends reported this quarter continue when Universal releases subsequent financial results. The supplied material does not give a date for the next results announcement or guidance for future quarters.
Key Questions
How much revenue did Universal Logistics report for the third quarter of 2026?
Universal reported $394.0 million in consolidated operating revenue for the quarter.
Did Universal report a profit?
Yes. The company reported $18.1 million in net income and diluted earnings per share of $0.69. The comparable 2025 quarter included $124.4 million in non-cash impairment charges, according to Universal.
What dividend did Universal declare?
Universal declared a quarterly dividend of $0.105 per share. The supplied release material does not specify the record or payment dates.
Which segment contributed the most revenue?
Contract Logistics was the largest segment, with $271.9 million in revenue, about 69.0% of the company’s consolidated total.
How much debt did Universal report?
At October 3, 2026, Universal reported debt net of cash of approximately $678.1 million. It also reported $15.3 million in cash and cash equivalents and gross borrowings of approximately $681.7 million.
Source: prnewswire.com
