Universal Logistics beats in Q1, ups expectations for 2022

A black tractor pulling a white Universal trailer

Multimodal transportation and logistics provider Universal Logistics Holdings reported record quarterly results during the first quarter of 2022. The company lifted its full-year 2022 outlook and issued second-quarter guidance ahead of the consensus estimate.

Universal (NASDAQ: ULH) reported earnings per share of $1.56 after the market closed Thursday. The number was nearly double the year-ago result and outpaced its implied guidance in the high-80-cent range.

“Our efforts evaluating operating...

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