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. reported strong financial results for Q4 and full year 2021, driven by effective freight network optimization and an 'Asset-Right' model. Q4 revenue reached $394.3 million, up 17.5% year-over-year, with a net income of $7.1 million or $0.09 per diluted share. Full-year revenue was $1.56 billion, marking a 7.1% increase. Adjusted EBITDA for Q4 rose 25.9% to $49.6 million. The company anticipates 4% to 7% growth in revenues for 2022, alongside potential challenges from rising operational costs.
Daseke, Inc. (NASDAQ: DSKE) announced plans to report its fiscal fourth quarter and full-year results for the year ended December 31, 2021, on January 25, 2022. A conference call detailing the financial and operational results will follow at 11:00 AM ET on the same day. Interested investors and analysts can join the call via webcast or by phone. Daseke focuses on specialized transportation solutions for challenging industrial markets, serving a diverse group of esteemed industrial shippers across North America.
Daseke, the largest flatbed and specialized transportation company in North America, will participate in the Stephens Annual Investment Conference in Nashville, TN, on December 1, 2021. Executive Vice President and CFO Jason Bates will lead the presentation, while he and Traci Graham, VP of Finance, will hold one-on-one and group meetings with investors. The company emphasizes its commitment to industrial end-markets and provides detailed information on conference presentations via its investor website.
Daseke reported strong third-quarter 2021 results, with revenue increasing 13.0% year-over-year to $424.6 million. Net income reached $20.9 million, or $0.30 per diluted share, up from $12.7 million a year ago. Adjusted EBITDA grew 21.7% to $68.4 million. The Flatbed Solutions segment saw a record 32.5% rise in freight rates, aiding revenue growth despite fleet optimization challenges. Daseke's total available liquidity was $264.5 million as of September 30, 2021. The company aims to leverage its operational capabilities for future value delivery.
Daseke, Inc. (NASDAQ: DSKE), North America's largest flatbed and specialized transportation company, will report third-quarter results on October 22, 2021. The fiscal period ended on September 30, 2021. A conference call to discuss the results is scheduled for the same day at 11:00 AM ET, with a live webcast available on the company's website. Interested participants can also join by phone. Daseke operates a fleet of over 4,500 tractors and 11,000 trailers, serving top industrial shippers.
Daseke, the largest flatbed and specialized transportation company in North America, announced that senior management will attend the Cowen Virtual Global Transportation & Sustainable Mobility Conference on September 10, 2021. CFO Jason Bates will participate in a panel discussion and hold one-on-one and group meetings with investors. With a fleet of over 4,500 tractors and 11,000 trailers, Daseke provides top-tier services to industrial shippers. This event aims to foster investor relations and highlight the company's capabilities.
Daseke reported strong Q2 2021 results, with revenue of $404.0 million, a 14.9% increase year-over-year. Net income reached $35.3 million or $0.49 per diluted share. The record Adjusted EBITDA of $69.2 million marked a 51.2% increase, driven by improved freight rates and operational efficiencies. The company raised its full-year revenue outlook to $1.5 billion - $1.6 billion and Adjusted EBITDA estimate to $200 million - $210 million. Cash flows from operating activities totaled $28.6 million with Free Cash Flow of $32.3 million.
Daseke, Inc. (NASDAQ: DSKE) announced the appointment of Jonathan Shepko as permanent CEO, effective immediately. Shepko, who served as interim CEO since January 2021 and has been a board member since 2017, aims to enhance Daseke's operational transformation and growth strategy. Under his interim leadership, the company achieved record financial results in Q2 2021. The board believes Shepko's experience and continuity are crucial for driving strategic initiatives and long-term shareholder value.
Daseke, Inc. (NASDAQ: DSKE) plans to report its fiscal second quarter results for the period ending June 30, 2021, on August 3, 2021. A conference call to discuss these results is scheduled for the same day at 11:00 AM ET. Investors and media can join the live presentation via the company’s website, where slides will also be available. Daseke, the largest flatbed specialized transportation company in North America, operates a fleet of over 4,500 tractors and 11,000 trailers.
Daseke reported its first-quarter 2021 results, revealing a revenue of $333.9 million, down 15% year-over-year. Despite a net loss of $7.3 million, improvements were noted with an adjusted EBITDA of $35.5 million. The company successfully refinanced its term loan, reducing cash interest expenses by $11 million annually. The flatbed segment saw a 15% rise in freight rates, bolstered by demand in construction and steel. Cash flows from operations totaled $29.5 million, with free cash flow at $34.4 million.
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