Welcome to our dedicated page for DSKEW news (Ticker: DSKEW), a resource for investors and traders seeking the latest updates and insights on DSKEW stock.
Daseke, Inc. (DSKEW) is a leading provider of open-deck transportation and logistics solutions in North America. With a focus on safety, efficiency, and customer satisfaction, Daseke operates a diverse fleet of trucks, trailers, and specialized equipment to serve a wide range of industries. The company's asset-right strategy has driven strong cash generation, improved company loads, miles, and revenue. Recent initiatives include a $20 million term-loan repayment and the successful execution of One Daseke programs, enhancing operational productivity and capital allocation priorities.
Daseke, Inc. has announced a conference call scheduled for May 9, 2023, at 11:00 AM ET to discuss its financial and operational results for the first quarter ended March 31, 2023. Participants can join via a listen-only mode or register via a provided link for phone access. Alongside the call, presentation slides will be available on Daseke's Investor webpage. The conference call replay will also be accessible shortly after the event.
Daseke specializes in North American transportation solutions, focusing on servicing challenging industrial markets. The company is recognized for its best-in-class services to various industrial shippers across the continent. For more information on Daseke, visit their website.
Daseke, Inc. announced the appointment of Scott Hoppe as the new EVP and COO effective June 1, 2023, succeeding Rick Williams, who is retiring after 36 years in the transportation industry. Scott Hoppe, previously the President and CEO of E.W. Wylie, a Daseke subsidiary, has a strong track record in fleet growth and operational efficiency. Under his leadership, Wylie tripled its fleet size to nearly 900 trucks and achieved a significant reduction in its operating ratio. This transition aims to enhance Daseke's capabilities in specialized and flatbed trucking markets.
Daseke reported a 3.5% increase in fourth-quarter revenue, reaching $408.2 million, with a notable 10.9% growth in its Specialized Solutions segment. Net income remained stable at $6.9 million, matching $0.09 per share. The company initiated a significant share repurchase, acquiring 30% of its outstanding shares, which is expected to benefit shareholders. For the full year, total revenue hit $1.8 billion, marking a 13.9% increase. The outlook for 2023 anticipates stable revenue growth, with Adjusted EBITDA expected to remain approximately equal to 2022 levels. Liquidity stands at $264.3 million.
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.
FAQ
What is Daseke, Inc. (DSKEW) known for?
What is Daseke's focus in its operations?
What recent achievements has Daseke accomplished?
What initiatives has Daseke recently undertaken to enhance its operations?
How diverse is Daseke's fleet of vehicles?
What industries does Daseke serve?
What are some key highlights of Daseke's third-quarter 2023 performance?
Who can participants contact for investor relations at Daseke?
How can participants join Daseke's conference call?
How can lost dial-in numbers or PINs be retrieved for the conference call?
