Daseke, Inc. - DSKE STOCK NEWS

Daseke, Inc. has appointed Bruce Blaise to its Board of Directors, effective August 1, 2022. Blaise brings nearly 40 years of transportation and logistics experience, having most recently served as President of Kenan Advantage Group. His addition aims to enhance Daseke's strategic focus on end-market leadership. Chairman Chuck Serianni highlighted Blaise's operational expertise, which aligns with Daseke's transformation goals. CEO Jonathan Shepko emphasized the importance of Blaise's insights as the company seeks sustainable growth across specialized industrial segments.

Daseke, a leader in transportation solutions, reported strong financial results for Q2 2022, with revenue of $481.3 million, up 19.1% year-over-year. However, net income decreased to $17.7 million, or $0.24 per diluted share, down from $35.3 million, attributed to a non-cash impairment charge. Adjusted EBITDA rose to $70.8 million. Daseke raised its full-year revenue guidance to a 12%-15% increase. Despite ongoing supply chain issues and inflationary pressures, the company remains optimistic about continued strength in freight rates.

Daseke, the largest flatbed and specialized transportation company in North America, will report its second quarter results on August 2, 2022. The financial results will cover the quarter ending June 30, 2022. A conference call to discuss these results is scheduled for the same day at 11:00 AM ET, available via webcast on the company’s website. Interested participants can register to receive dial-in details. The replay will be accessible shortly after the event.

Daseke reported a strong financial performance for Q1 2022, with revenue increasing by 26.1% year-over-year to $421.0 million. The net income reached $13.0 million, marking a recovery from a net loss of $7.3 million in Q1 2021. Adjusted EBITDA rose by 38.5% to $49.6 million. The company’s operating ratio improved to 95.7%, aided by a healthy rate environment, particularly in the flatbed and specialized segments. However, inflationary cost pressures were noted, affecting operations and driver costs. Daseke maintains a solid liquidity position with $276.6 million available, despite total debt of $586.8 million.

Alta Fox Capital Management, representing approximately 4.0% of Daseke's shares, has urged the company's Board to initiate a $60 million stock buyback, capitalizing on a 30% drop in Daseke's stock over the past month. Alta Fox highlights Daseke's lack of exposure to declining dry van rates, contrasting it with its positive performance in the flatbed sector. The firm estimates Daseke's EPS could grow by 15% annually, projecting a future stock price of over $20 per share, emphasizing the urgency for the Board to act on the undervalued stock.

Daseke, Inc. (NASDAQ: DSKE), the leading flatbed and specialized transportation provider in North America, announced it will report Q1 results for the period ending March 31, 2022, on May 3, 2022. A conference call to discuss these results is set for the same day at 11:00 AM ET. Participants can join via a live webcast on the company's website or by dialing in. A replay will be available shortly after the call. Daseke services various industrial markets, providing extensive solutions to respected shippers across North America.

Daseke, Inc. (NASDAQ: DSKE) announced that the common stock warrants issued in 2015 have expired as of February 27, 2022, following NASDAQ's suspension of trading on February 24, 2022. Out of 35,040,664 total warrants, 1,635,314 were exercised prior to expiration, generating $9,403,055.50 in proceeds and resulting in the issuance of 817,657 shares. The warrants allowed holders to purchase shares at $5.75 per half share, equating to $11.50 per whole share.

Daseke, Inc. (NASDAQ: DSKE) announced its participation in the J.P. Morgan 2022 Global High Yield & Leveraged Finance Conference scheduled for March 1-2, 2022, in Miami Beach, FL. Senior executives, including CFO Jason Bates and Investor Relations Officer Traci Graham, will engage in group and one-on-one meetings with investors. Additionally, Bates will present on March 2, 2022. The presentation and webcast links will be accessible on their investor relations website.

Daseke, the largest flatbed and specialized transportation company in North America, announced its participation in two investor conferences. Senior management, including CFO Jason Bates and VP Traci Graham, will attend the Stifel 2022 Transportation & Logistics Conference on February 8, 2022, and the Cowen Annual Aerospace/Defense & Industrials Conference on February 9, 2022. They will engage in one-on-one meetings with investors and a conference panel. Conference details and webcast links are available on their website.