Universal Logistics Holdings, Inc. filed its third-quarter 2026 earnings release on October 29, 2026, reporting consolidated operating revenues of $394.0 million and diluted earnings per share of $0.69.

Key Highlights

  • Operating revenues: $394.0 million for Q3 2026, compared with $396.8 million in the prior-year period.
  • Net income: $18.1 million, versus a net loss of $117.9 million in Q3 2025, which included $124.4 million of non-cash impairment charges.
  • Diluted EPS: $0.69, compared with a loss per diluted share of $4.48 one year earlier.
  • Adjusted EBITDA: $64.7 million for the quarter, up from $43.3 million in Q3 2025, according to the filing.
  • Revolving credit facility: Extended through September 30, 2029, with aggregate revolving commitments reduced from $500.0 million to $350.0 million.
  • Credit Agreement Leverage Ratio: 1.98x at October 3, 2026, against a maximum permitted ratio of 3.50x.
  • Quarterly dividend: $0.105 per share of common stock declared, payable January 6, 2027, to stockholders of record as of December 1, 2026.

Universal Logistics Holdings Q3 2026 Segment and Balance Sheet Results

According to the filing, Universal Logistics Holdings (NASDAQ:ULH) reported operating income of $32.8 million for the third quarter of 2026, producing an operating margin of 8.3%. The company's largest segment, Contract Logistics, accounted for approximately 69.0% of consolidated operating revenues at $271.9 million, up 2.8% from $264.4 million in the prior-year period. Contract Logistics income from operations rose to $22.9 million from $13.7 million a year earlier, with operating margin improving to 8.4% from 5.2%. The company reported managing 76 active value-added programs at quarter-end, down from 82 a year earlier.

The Intermodal segment reported third-quarter operating revenues of $53.1 million, a decrease of 17.9% from $64.7 million in Q3 2025, though revenues increased 20.4% sequentially from the second quarter of 2026, the filing stated. Load volumes declined 45.7% year over year, while average operating revenue per load, excluding fuel surcharges, increased 40.4%. The segment generated income from operations of $2.7 million, compared with an operating loss of $135.1 million in the prior-year period, which included the $124.4 million non-cash impairment charge. The Trucking segment recorded operating revenues of $69.0 million versus $67.7 million a year earlier, with income from operations of $4.4 million and an operating margin of 6.3%.

On the balance sheet, the company reported net debt of approximately $678.1 million and cash and cash equivalents of $15.3 million at October 3, 2026, the filing disclosed. Gross outstanding borrowings were approximately $681.7 million, of which approximately $181.2 million consisted of CTL financing. Capital expenditures during the quarter totaled $32.2 million. The Fourth Amendment to the revolving credit facility also reset the uncommitted accordion to permit up to $150.0 million of incremental revolving commitments, subject to lender agreement. As of October 3, 2026, approximately $90.1 million of revolving commitments remained unused, and the company disclosed it was in compliance with its financial covenants.

What Was Disclosed

Universal Logistics Holdings reported Q3 2026 earnings with $394.0 million in operating revenues, $18.1 million in net income, and $0.69 diluted EPS, alongside an extension of its revolving credit facility and a quarterly dividend of $0.105 per share.