环球物流控股 2025年季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the quarterly period endedMarch 29,2025 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromto.Commission File Number:0-51142 UNIVERSAL LOGISTICS HOLDINGS, INC. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒The number of shares of the registrant’s common stock, no par value, outstanding as of May 5, 2025, was26,333,238. UNIVERSAL LOGISTICS HOLDINGS, INC. Unaudited Consolidated Statements of Income(In thousands, except per share data) UNIVERSAL LOGISTICS HOLDINGS, INC. Unaudited Consolidated Statements of Comprehensive Income(In thousands) Thirteen Weeks EndedMarch 29,2025March 30,2024Net Income$6,014$52,457Other comprehensive income (loss):Unrealized changes in fair value of interest rate swaps, net of income taxes of$(158) and $202, respectively(419)607Foreign currency translation adjustments(3,837)746Total other comprehensive income (loss)(4,256)1,353Total comprehensive income$1,758$53,810 UNIVERSAL LOGISTICS HOLDINGS, INC. Notes to Unaudited Consolidated Financial Statements (1)Basis of Presentation The accompanying unaudited consolidated financial statements of Universal Logistics Holdings, Inc. and its wholly-ownedsubsidiaries (“Universal”) have been prepared by the Company’s management. In these notes, the terms “us,” “we,” “our,” orthe “Company” refer to Universal and its consolidated subsidiaries. In the opinion of management, the unauditedconsolidated financial statements include all normal recurring adjustments necessary to present fairly the informationrequired to be set forth therein. All intercompany transactions and balances have been eliminated in consolidation. Certaininformation and note disclosures normally included in financial statements prepared in accordance with U.S. generally Our fiscal year ends on December 31 and consists of four quarters, each with thirteen weeks. During the first quarter of 2025, the Company identified certain triggering events related to components of the intermodalreporting segment. In accordance with ASC 350 Intangibles—Goodwill and Other and ASC 360 Property, Plant, andEquipment, the Company evaluated certain indefinite and long lived tangible and intangible assets for impairment. The Current Economic Conditions The Company makes estimates and assumptions that affect reported amounts and disclosures included in its financialstatements and accompanying notes and assesses certain accounting matters that require consideration of forecasted financialinformation. The Company's assumptions about future conditions important to these estimates and assumptions are subject touncertainty, including disruptions to the global supply chain resulting from new or additional tariffs and the negative impactinflationary pressures can have on our operating costs. Prolonged periods of inflation could cause interest rates, equipment, (2)Recent Accounting Pronouncements In December 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-09, Improvements to Income TaxDisclosures (Topic 740). The ASU modifies income tax disclosures by requiring greater disaggregation of information in therate reconciliations and disclosure of income taxes paid disaggregated by jurisdiction. This ASU is effective for fiscal yearsbeginning after December 31, 2024, using a prospective approach.Early adoption and retrospective application are In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – ExpenseDisaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which expands disclosuresabout certain categories of expenses. This ASU is effective for fiscal years beginning after December 15, 2026. We are (3)Revenue Recognition The Company recognizes reve