This week, Universal Logistics Holdings, Inc. (NASDAQ: ULH) announced the plan to release its Q2 financial results after the market closes on July 27, 2017. The company also provides guidance for the financial results for the second quarter.
Universal Logistics Holdings is an asset-light well-known provider of customized transportation and logistics. Currently, it has market cap of $422.21 million, and operates across the United States, Mexico, Canada and Colombia.
In the statement, the company expected total operating revenues to be between $300 million and $305 million, compared with the estimates of $276.8 million for the same period last year. Income from operations is expected to be in the range of $5.0 million to $6.5 million, compared to the estimates of $16.8 million in the second quarter of 2016.
“During the second quarter 2017, we came to a mutual agreement with one of our customers to exit and transition certain unprofitable value-added services performed by our Mexican operation,” Jeff Rogers, the Chief Executive Officer of the company, said in the statement on Wednesday.
“Our transportation segment is delivering solid results, we're seeing recovery in our operations supporting the heavy-truck market, and for the second quarter in a row, we grew top-line revenues across all of our service lines. With much of the headwinds behind us, and so many signs of improvement for the industrial base of customers we serve, we look forward to returning Universal to its historical performance,” he added.