Welcome to our dedicated page for Daseke news (Ticker: DSKE), a resource for investors and traders seeking the latest updates and insights on Daseke stock.
Daseke, Inc. (NASDAQ: DSKE) is at the forefront of North America's open deck and specialty transportation industry. As the second-largest flatbed/open deck trucking company and the 59th largest overall trucking company in North America, Daseke has established a significant presence. The company's family includes notable names like Smokey Point Distributing, E.W. Wylie, J. Grady Randolph, Central Oregon Truck Company, Lone Star Transportation, and the Boyd Companies — encompassing Boyd Bros. Transportation, WTI Transport, and Mid Seven Transportation.
Daseke offers a comprehensive range of open deck and specialty transportation services across 49 U.S. states, Canada, and Mexico. These services include truckload, partial load, expedited/team partial and truckload, over-dimensional, intermodal flat rack, and full-service logistics. With a fleet of specialized, experienced, and diverse open deck trailers, Daseke caters to a multitude of industry sectors.
The company's commitment to excellence is reflected in its recent achievements. Daseke's strategic asset-right approach has driven significant improvements in company loads, miles, and revenue. For instance, in the second quarter of 2023, Daseke reported robust cash generation, highlighting the success of its asset-right strategy.
Daseke's latest initiatives include advanced strategic capital allocation, notably a $20 million term-loan repayment, enhancing operational productivity, and successfully executing the One Daseke initiatives. These efforts have further solidified Daseke's position as a leader in the transportation industry. For those interested in the latest updates, Daseke's investor relations provide comprehensive news and developments.
For participants looking to stay informed, Daseke hosts regular conference calls and encourages stakeholders to join via listen-only modes or dial-in options. Detailed registration information is provided to ensure seamless participation in these updates.
Daseke, Inc. (NASDAQ: DSKE), a leading provider of transportation solutions in North America, announced its participation in the Stifel 2023 Transportation & Logistics Conference on February 7th and 8th. Key executives, including CEO Jonathan Shepko and CFO Aaron Coley, will engage with registered investors. Additionally, COO Rick Williams is set to take part in an industry panel discussion. The company is renowned for serving challenging industrial markets and offers top-tier services to a diverse clientele. For more details, visit www.daseke.com.
Daseke, Inc. announced the appointment of Adrianne D. Griffin as Vice President of Investor Relations and Treasurer, effective January 30, 2023. Griffin brings over 20 years of experience in corporate finance and investor relations, having previously served at CSW Industrials and EnLink Midstream. Her role will enhance communication with shareholders and strengthen the company's investor relations program. CEO Jonathan Shepko expressed confidence that Griffin's expertise will support Daseke's goals of improving margins and accelerating growth, ultimately enhancing shareholder value.
Daseke, Inc. (NASDAQ: DSKE) announced plans to report its fourth quarter and full year results for 2022 on February 6, 2023. The company, known for its expertise in North American transportation solutions for challenging industrial markets, will hold a conference call at 11:00 AM ET on the same day. Participants can join via a provided link or call in after registering to receive a dial-in number and PIN. Presentation slides will be available on the company's investor relations page, and a replay of the call will be accessible shortly after the event. For further details, visit the investor relations section of Daseke's website.
Daseke, a leading North American transportation solutions specialist, announced participation in two investor conferences scheduled for November 15 and November 17, 2022. Traci Graham, VP of Finance, will be engaging in one-on-one meetings with investors during these events.
Conference Details:
- November 15: Stephens 24th Annual Investment Conference, Nashville, TN
- November 17: Craig-Hallum 13th Annual Alpha Select Conference, New York, NY
For further information, visit www.daseke.com.
Daseke has agreed to repurchase 28.6% of its common shares, totaling 17,932,725 shares from founder Don R. Daseke for $6.00 each, amounting to $107.6 million. The transaction will utilize $40 million in cash and issue $67.6 million in Series B Preferred Stock, enhancing shareholder value. This buyback reflects confidence in the company’s strategy and is expected to close shortly. The stock's price on November 11, 2022, was $5.97, indicating a premium for the buyback. The deal will reduce total shares outstanding to 44,875,091, potentially increasing earnings per share moving forward.
Daseke, Inc. reported third-quarter 2022 results, showcasing a 9.0% increase in revenue to $462.8 million from $424.6 million a year prior. Net income dropped to $12.6 million or $0.17 per diluted share, down from $20.9 million or $0.30 per diluted share in Q3 2021. Adjusted EBITDA decreased to $64.8 million from $68.4 million. Significant costs driven by inflation impacted operating results. Despite challenges, Daseke maintains a confident outlook for the full year, supported by strong performance across its specialized and flatbed segments.
Daseke plans to announce its financial results for Q3 2022, ending September 30, on November 9, 2022. A conference call discussing these results is scheduled for 11:00 AM ET on the same day. Interested parties can register for the call or listen via a live webcast. Presentation slides will be available on the Company's investor relations page. Daseke specializes in comprehensive transportation solutions for challenging industrial markets, servicing a diversified portfolio of North America's industrial shippers.
Daseke has announced a stock repurchase program authorized by its Board of Directors, allowing the company to buy back up to $40 million of its common stock. The program will be financed with available cash and may involve open market transactions. CEO Jonathan Shepko emphasized the company's confidence in its value proposition and commitment to shareholder value. This strategic move reflects a disciplined capital allocation approach aimed at enhancing shareholder returns.
Daseke, Inc. (NASDAQ: DSKE) reaffirms a 2022 revenue growth outlook of 12%-15% and Adjusted EBITDA growth of 5%-10%, attributing this to strong demand and rate resilience in the industrial freight market. The company has appointed Aaron Coley as the new CFO, effective October 28, bringing over 11 years of CFO experience from Pilot Thomas Logistics. Daseke's leadership emphasizes operational excellence and value-enhancing strategies as it aims for long-term growth. Full-year guidance will be discussed in the upcoming Q3 earnings call.
Daseke, Inc. (NASDAQ: DSKE) announced the resignation of Jason Bates, Executive Vice President and Chief Financial Officer, effective September 19, 2022. His departure is due to familial obligations prompting a relocation away from the Dallas-Ft. Worth area. Importantly, the company clarified that Mr. Bates's resignation was not related to any disputes or disagreements concerning accounting practices or financial reporting.
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