universal logistics holdings wiki
About Us And a good bellwether is Southern California and we're definitely seeing our load count over the last couple of weeks ramp up in Southern California.
We made some tough staffing and operational cost management decision early in the quarter, which proved beneficial as the business volumes constricted. So we're confident coming out of it.
Very helpful, gents. Our industrial products are still and metals that had taken a pretty good hit once manufacturing and automotive shut down. It operates through the following segments: Transportation, and Logistics. It's really -- I mean, because we're so heavily variable cost, we're very volume sensitive. So I'm just wondering how we should kind of think about the margins, like you guys provided some context on the third quarter, but if we're kind of looking forward to the fourth quarter, if you guys can just provide some additional context there about what some of the puts and takes would be?Liam, this is Jude. Please go ahead.Yes, good morning, gents. Apply to Truck Driver, Operations Manager, Liaison and more! By using this site you agree to the
We're black sheep out there at this valuation, everything else is trading 25 times, 30 times and we're down at 8 times. So returning capital to shareholders is extremely important to us, but they didn't really feel that there was a lot of risk in delaying that one more quarter until we get a little bit more runway on the economy.All right. And then how should we look at the margin profile on those new wins?So we don't normally guide margins on a quarterly call, but I would just look in our investor presentations and look at what we guide those businesses to operate on a long-term basis. Certainly, that's something we've seen from others out there in the business. Get prepared with the key expectations.Analysts have been eager to weigh in on the Services sector with new ratings on Universal Logistics (ULH), Fox (FOX) and Bandwidth (BAND). There is really -- there is nothing that stands out like we do right now. And long-term sustainability that some of the current rate structures is very difficult.
As a reminder, this conference is being recorded.It is now my pleasure to introduce your host, Mr. Tim Phillips, Chief Executive Officer; Mr. Jude Beres, Chief Financial Officer; and Mr. Steven Fitzpatrick, Vice President of Finance and Investor Relations.Good morning. So, I'm going to go out on the limb here for you. 84 Universal Logistics Holdings jobs including salaries, ratings, and reviews, posted by Universal Logistics Holdings employees. Our operating margin and EBITDA margin for the second quarter of 2020 are 4.2% and 11.7% of total operating revenues. So we're going to think about doing some additional capital allocation to buyback in the latter half of the year, but we're probably going to have to postpone that as a result of the business wins that we currently have.The stock has been a very attractive price right now.For sure. Before we begin, I would like to acknowledge the passing of Universal's Founder and Former Chairman, Matty Moroun. We've evaluated our basically top 25 customers. We are extremely pleased with our portfolio of customers, both organic and through acquisition. The stock market hasn’t seen a 100-day gain this strong since 1933
we paid $143 million in dividends to shareholders over the years and we bought back $82 million worth of stock. And so once again, you're going to have years where you're going to have a lot of capex because you win a lot of dedicated at value-add and then it will be more normalized in the $60 million range, if we're just talking about replacement cycle of equipment that we already have.All right. Sure, it's going to happen every year, but we see a nice run runway into the fourth quarter on that.We also had some, what I would call, a decent intermodal sales wins in a very difficult sales environment. If you would've listened to some of the other earnings calls, it's been a difficult environment. ]Universal Logistics Holdings, Inc. (ULH) CEO Tim Phillips on Q2 2020 Results - Earnings Call TranscriptUniversal Truckload (ULH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. And then just a final question here. Thank you for taking my questions.So first, I just wanted to start with revenue trends in your value-added services and dedicated operations. Okay. So it's not that we don't want to reinstate the dividend, obviously. (MFTranscribers)
The Transportation segment includes the individual freight shipments coordinated by its agents, company-managed terminals, and specialized services operations.
Their tireless dedication to get the job done for our customers safely and on-time during these challenging times shows the resilience and professionalism. And related to the truck market, yeah, if you look at what the predictions were this year for production, it was definitely negative year-over-year. We appreciate it and we will talk to you soon. Such statements are subject to risks and uncertainties and actual results could differ materially from those expectations.
Thanks, guys.Okay.
Thanks for the time and nice job in a really tough quarter. There has been -- from some of the government subsidies, we've had some of our small businesses park their trucks and wait for some of the freight to rebound. So we would at least expect those incremental margins to be at their historical rate if not just a little bit better.Got it. We're pretty cool coming out with the company drivers. Retirement So we just expect that to continue. And what we were looking at on the truckload market, of course, in the second quarter, we saw a lot of our core competencies heavily extended in the flatbed arena. Search job openings at Universal Logistics Holdings.
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