Universal Logistics Holdings Inc (NAS:ULH)
$ 47.35 -0.48 (-1%) Market Cap: 1.25 Bil Enterprise Value: 1.74 Bil PE Ratio: 10.34 PB Ratio: 2.13 GF Score: 75/100
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Q4 2018 Universal Logistics Holdings Inc Earnings Call Transcript

Feb 22, 2019 / 03:00PM GMT
Release Date Price: $22.54 (-4.33%)
Operator

Good morning. My name is Marianna, and I will be your conference operator today. At this time, I would like to welcome everyone to the Universal Logistics Holdings, Inc. Fourth Quarter 2018 Financial Results Call. (Operator Instructions)

I would now like to turn the call over to Jeff Rogers, CEO of Universal Logistics. You may begin your conference.

Jeffrey A. Rogers
Universal Logistics Holdings, Inc. - CEO & Director

Thanks, Marianna. Good morning. Thank you for joining the Universal Logistics Holdings Fourth Quarter 2018 Earnings Call. Fourth quarter continued the record-breaking trends set in 2018 with the fourth quarter in a row of record revenue and earnings. As a matter of fact, it has been 4 quarters in a row of double-digit year-over-year increases in revenue and earnings.

Consolidated revenue increased over last year $72.3 million or 23% to $386.4 million. Fourth quarter adjusted operating income of $24.9 million, excluding legal reserve, increased 90%. Adjusted earnings per share of $0.55, excluding legal reserves and losses on

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