Universal Logistics Holdings, Inc. (ULH) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Universal Logistics Holdings first quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. A brief question and answer session will follow the formal presentation. During the course of this call, management may make forward-looking statements based on their best view of the business as seen today. Statements that are forward looking relate to Universal's business objectives or expectations and can be identified by the use of words such as belief, expect, anticipate, and project. Such statements are subject to risks and uncertainties, and actual results could differ materially from those expectations. 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 Barris, Chief Financial Officer, and Mr. Stephen Fitzpatrick, Vice President of Finance and Investor Relations. Thank you. Mr. Phillips, you may begin. Thank you, Andrew, and good morning, everyone, and thank you for joining Universal's first quarter 2025 earnings call. As we kick off the new year, we do so with an understanding of the challenges facing the broader transportation and logistics landscape. The overall freight environment remains sluggish, and our largest vertical automotive saw a slowdown in January, but improved as the quarter progressed. While the results of this quarter were below our historical benchmarks, we remain confident in the resilience of our business model and the long-term strategic direction of the company. Before I begin, I want to recognize the incredible commitment of more than 10,000 employees and contractors. Their hard wor...