Universal Logistics Holdings, Inc. (ULH) CEO Jeffrey Rogers on Q3 2019 Results - Earnings Call Transcript

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Universal Logistics Holdings, Inc. (NASDAQ:ULH) Q3 2019 Results Earnings Conference Call October 25, 2019 10:00 AM ET

Company Participants

Jeffrey Rogers - Chief Executive Officer

Jude Beres - Chief Financial Officer

Steven Fitzpatrick - Vice President of Finance and Investor Relations

Conference Call Participants

Chris Wetherbee - Citi

Bruce Chan - Stifel

Jeff Kauffman - Loop Capital Markets


Hello, and welcome to Universal Logistics Holdings Third Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. 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 you to your host, Mr. Jeff Rogers, Chief Executive Officer; Mr. Jude Beres, Chief Financial Officer; and Mr. Steven Fitzpatrick, Vice President of Finance and Investor Relations. Thank you, Mr. Rogers, you may begin.

Jeffrey Rogers

Thanks, Nicole. Good morning. Thank you for joining the Universal Logistics Holdings third quarter 2019 earnings call. I want to start by saying how very proud I am of Team Universal's execution in the third quarter, and given what proved to be one of the most difficult environments for Universal in quite some time, We delivered pretty good results.

Continued great softness throughout the quarter was made even more difficult by a strike at GM, our largest customer. The strike had significant impact on our value add and dedicated business units. We are pleased that

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