NextEra Energy stock rises after Google power deal report
Universal Logistics Holdings, Inc. (NASDAQ:ULH), a transportation company with a market capitalization of $518 million and currently trading at $19.48, announced that its Audit Committee has determined the company will record a material non-cash impairment charge related to certain intangible assets in its intermodal segment. The decision was made in connection with the preparation of financial statements for the third quarter ended September 27, 2025. According to InvestingPro data, the company operates with a significant debt burden of $911.7 million.
The company stated that it is still finalizing the calculation of the estimated amount or range of the impairment charge, and this estimate is not yet available. Universal Logistics Holdings plans to file an amendment to its current report once the estimate has been determined. The news comes as the stock trades near its 52-week low of $18.40, having declined over 54% in the past year.
In addition, the company has postponed the release of its third quarter financial results, which was previously scheduled for Thursday. The delay is intended to provide additional time to complete financial reporting procedures related to the impairment charge. The investor conference call originally set for Friday at 10:00 a.m. ET has also been postponed.
Universal Logistics Holdings said it will announce new dates for its earnings release and conference call once the financial reporting process is complete.
This information is based on a statement included in a filing with the Securities and Exchange Commission.
In other recent news, Universal Logistics Holdings reported its second-quarter 2025 earnings, which showed a slight miss on both earnings per share and revenue forecasts. The company posted an EPS of $0.32, below the anticipated $0.34, and revenues of $393.8 million, falling short of the forecasted $398.5 million. Additionally, Stifel recently lowered its price target for Universal Logistics to $24 from $28, maintaining a Hold rating, citing significant supply chain disruptions in the automobile industry as a headwind. The firm had previously adjusted its price target to $28 from $29, also maintaining a Hold rating.
In a separate development, Universal Logistics Holdings announced an increase in its credit facility to $500 million through an amendment agreement with a syndicate of lenders, including KeyBank National Association and others. This adjustment was made via a partial exercise of the accordion feature in the existing credit agreement. The amendment allows a Universal subsidiary to borrow up to $200 million through a potential credit tenant lease financing transaction. The proceeds are intended to repay outstanding indebtedness and partially prepay revolving loans under the amended credit facility.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.