Universal Truckload Services, Inc. Announces First Quarter 2014 Earnings
Release and Conference Call Dates and Provides Outlook
WARREN, Mich., March 24, 2014
WARREN, Mich., March 24, 2014 /PRNewswire/ -- Universal Truckload Services,
Inc. (NASDAQ: UACL), announced today that it will release first quarter 2014
financial results after the market closes on Thursday, April 24, 2014.
We invite analysts and investors to participate in a conference call on
Friday, April 25, 2014 at 10:00 AM ET. During the call, we will discuss
Universal's first quarter 2014 financial performance, the current demand
outlook in key markets we serve, and trends impacting our business.
Call Toll Free: (866) 622-0924
International Dial-in: +1 (660) 422-4956
Conference ID: 18551769
A replay of the conference will be available two hours after the call through
May 23, 2014, by calling (855) 859-2056 (toll free) or +1 (800) 585-8367
(toll) and using conference ID 18551769. Additionally, the call will be
available on www.investors.goutsi.com.
Based on information available as of March 24, 2014, management expects to
report results for the first quarter of 2014 in the range of $0.23 to $0.27
per diluted share, based on total operating revenues anticipated in a range
from $273.0 to $282.0 million. The financial performance outlook compares to
$0.38 per diluted share for the first quarter of 2013 on operating revenues of
$248.1 million. Our outlook reflects the impact on margins due to
weather-related operating challenges and changes in certain value-added
services operations, and it also includes the financial performance of
Westport Axle Corporation, which we acquired on December 19, 2013.
Universal Truckload Services, Inc. is a leading asset-light provider of
customized transportation and logistics solutions throughout the United
States, Mexico and Canada. We provide our customers with supply chain
solutions that can be scaled to meet their changing demands and volumes. We
offer our customers a broad array of services across their entire supply
chain, including transportation, intermodal, and value-added services.
Forward Looking Statements
Certain statements in this press release may be considered forward-looking
statements, such as management's views with respect to future events and
financial performance. Forward-looking statements identify prospective
information. They are based on information available at the time and/or
management's good faith belief with respect to future events, and they are
subject to risks and uncertainties that could cause actual performance or
results to differ materially from those expressed in the statements. These
forward-looking statements are by nature subject to operational, financial and
legal uncertainties and risks, including a number of factors that may cause
actual results to differ materially from the expectations described. Such
factors include, but are not limited to underlying and seasonal demand trends
in key markets we serve, our exposure to cargo loss, accidents and other
damage claims resulting from our operations, the costs and potential
liabilities related to compliance with or violation of governmental laws and
regulations, and challenges associated with our ability to consummate and
integrate acquisitions. Additional information about the factors that may
adversely affect forward-looking statements is contained in Universal's Form
10-K for the 2013 fiscal year and other reports and filings with the
Securities and Exchange Commission. Universal assumes no obligation to update
forward-looking statements to reflect actual results, changes in assumptions
or changes in other factors affecting forward-looking information except to
the extent required by applicable securities laws.
SOURCE Universal Truckload Services, Inc.
Contact: For Further Information: David A. Crittenden, Chief Financial
Officer, firstname.lastname@example.org, (586) 467-1427
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