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Universal Logistics Holdings reported third-quarter 2026 revenue of $394.0 million and diluted earnings per share of $0.69, compared with a large loss in the year-earlier quarter that included a $124.4 million 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 operating revenue and $18.1 million in net income, and declared a quarterly dividend of $0.105 per share. The transportation and logistics company also said its revolving credit facility had been extended through September 30, 2029; its intermodal business returned to operating income after a year-earlier quarter that included a major non-cash impairment charge.
The company reported operating income of $32.8 million and diluted earnings of $0.69 per share for the quarter. Operating margin was 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 the release includes reconciliations of its non-GAAP measures to the closest GAAP measures.
Year-over-year comparisons are affected by the prior-year impairment. In the third quarter of 2025, Universal reported revenue of $396.8 million, an operating loss of $117.4 million, a net loss of $117.9 million and a loss of $4.48 per share. That quarter included $124.4 million in non-cash impairment charges. Excluding those charges, the company reported adjusted operating income of $7.0 million and an adjusted operating margin of 1.8% for that period.
Universal declared a $0.105 quarterly dividend per share. At October 3, 2026, it reported $678.1 million in debt, net of cash, 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, according to the company. Its stated credit-agreement leverage ratio was 1.98 times.
Segment Results Show Different Trends
The overall figures combine varied performance across Universal’s businesses. Contract Logistics accounted for about 69% of revenue and supplied the largest share of the company’s quarterly sales. Its revenue rose 2.8% year over year to $271.9 million, while operating income increased to $22.9 million from $13.7 million. The company attributed the improvement primarily to lower direct personnel and depreciation expense.
Intermodal returned to operating income, posting $2.7 million for the quarter, compared with a year-earlier operating loss of $135.1 million that included the impairment. But the segment’s revenue fell 17.9% year over year to $53.1 million, and load volumes were down 45.7%. Revenue increased 20.4% sequentially from the second quarter, while average revenue per load, excluding fuel surcharges, rose 40.4%. These figures point to improved quarterly performance alongside lower annual volume; they do not by themselves establish whether the improvement will continue.
Trucking revenue was $69.0 million, up from $67.7 million a year earlier. Loads fell 9.6%, while average revenue per load excluding fuel surcharges rose 8.7%; operating income increased to $4.4 million from $3.9 million. Together, the segment data help explain how higher operating income and adjusted EBITDA coexisted with nearly flat consolidated revenue. The dividend and credit-facility extension also provide investors with information about capital returns and the company’s financing arrangements, though neither guarantees future results.
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A Difficult Year-Earlier Comparison
The company describes itself as a diversified transportation and logistics operator. Its largest business, Contract Logistics, includes value-added logistics programs and dedicated transportation services; it also operates Intermodal and Trucking businesses. In the third quarter, those segments contributed approximately 69.0%, 13.5% and 17.5% of consolidated revenue, respectively.
The sharp contrast between this quarter’s results and the prior-year loss needs to be read alongside the impairment charge. Universal’s reported 2025 operating loss and per-share loss included the $124.4 million non-cash charge. The company also supplied adjusted figures excluding that charge, which offer a different comparison but are non-GAAP measures. Revenue was $2.8 million lower than in the year-earlier quarter, even as operating income and adjusted EBITDA were higher.
Segment activity also differed from the consolidated headline. Contract Logistics had 76 active value-added programs at quarter-end, down from 82 a year earlier. Its revenue included $11.8 million in separately identified fuel surcharges. Intermodal revenue included $7.4 million in fuel surcharges and $8.5 million in detention, demurrage and storage charges. These items are part of the reported business mix and help frame segment revenue, but do not alter the company’s consolidated totals.
“Our third quarter results reflect solid execution across our portfolio of transportation and logistics services.”
— Tim Phillips, Universal Logistics CEO
Questions on Debt and Segment Trends
The supplied company release does not provide enough detail to establish whether Intermodal’s return to operating income will persist, or how its sharply lower load volumes will develop. It also does not give a forecast for revenue, earnings or capital spending. Management’s description of a turnaround is an assessment, not confirmation of future performance.
The reported debt figures describe the balance at October 3, 2026; they do not, on their own, show future borrowing needs or repayment plans. The available source material states that the revolving facility was extended through September 30, 2029, but does not include the complete terms, pricing or other conditions of that extension. The dividend announcement likewise does not establish whether the payment will remain at the same level in later quarters.
Dividend Payment and Future Results
Universal declared a quarterly dividend of $0.105 per share. The supplied announcement does not specify the dividend’s record date or payment date, so shareholders will need to consult the company’s full dividend notice or subsequent filings for those details.
Investors will also be watching upcoming quarterly results for evidence on whether Intermodal can sustain operating income, whether its volumes recover, and how the company manages debt under the extended credit facility. The company’s next reported results and any further updates to its financing or dividend plans will provide the next confirmed milestones.
Key Questions
How much revenue did Universal Logistics report for Q3 2026?
Universal reported $394.0 million in consolidated operating revenue for the third quarter of 2026.
Did Universal Logistics report a profit?
Yes. The company reported $18.1 million in net income, operating income of $32.8 million and diluted earnings of $0.69 per share. The prior-year quarter included a $124.4 million non-cash impairment charge.
What dividend did Universal declare?
Universal declared a quarterly dividend of $0.105 per share. The supplied release does not state the record or payment dates.
How did Universal’s Intermodal segment perform?
Intermodal generated $2.7 million in operating income, compared with a $135.1 million operating loss a year earlier, which included the impairment charge. Revenue fell 17.9% year over year and load volumes declined 45.7%.
When does the revolving credit facility expire?
Universal said the revolving credit facility was extended through September 30, 2029. The supplied announcement does not give the full extension terms.
Source: prnewswire.com
