Revenue Growth and Strong Financial Performance
Universal reported a 19% increase in top-line revenues for Q4 2024 and an earnings per share of $0.77. The full year saw $1.85 billion in revenue, 11% operating margins, and $4.93 earnings per share, marking the second-best financial performance in the company's history.
Contract Logistics Segment Growth
The contract logistics segment saw a 52.7% revenue increase to $307.4 million, with the successful acquisition of Parsec contributing significantly. This acquisition led to the segment's annual revenue run rate surpassing $1.1 billion.
Trucking Segment Success
The trucking segment saw an 11.5% increase in revenue to $83.8 million, driven by a 30.5% increase in revenue per load. The specialized heavy haul wind business performed exceptionally well, contributing to the segment's highest operating margin in over two years.
Strong Sales Pipeline
Universal has a robust sales pipeline with opportunities totaling over $800 million, indicating strong future growth potential.