Q4 2018 Universal Logistics Holdings Inc Earnings Call Transcript
Good morning. My name is Marianna, and I will be your conference operator today. At this time, I would like to welcome everyone to the Universal Logistics Holdings, Inc. Fourth Quarter 2018 Financial Results Call. (Operator Instructions)
I would now like to turn the call over to Jeff Rogers, CEO of Universal Logistics. You may begin your conference.
Thanks, Marianna. Good morning. Thank you for joining the Universal Logistics Holdings Fourth Quarter 2018 Earnings Call. Fourth quarter continued the record-breaking trends set in 2018 with the fourth quarter in a row of record revenue and earnings. As a matter of fact, it has been 4 quarters in a row of double-digit year-over-year increases in revenue and earnings.
Consolidated revenue increased over last year $72.3 million or 23% to $386.4 million. Fourth quarter adjusted operating income of $24.9 million, excluding legal reserve, increased 90%. Adjusted earnings per share of $0.55, excluding legal reserves and losses on
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