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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. 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.
Daseke, a leading North American transportation solutions provider, announced participation in the Cowen Virtual Global Transportation & Sustainable Mobility Conference on September 8, 2022. Executive Vice President and CFO Jason Bates will be part of an executive panel discussing the trucking landscape. Additionally, Bates and Traci Graham, VP of Finance and Investor Relations, will hold meetings with investors attending the conference. This initiative reflects Daseke's commitment to engaging with stakeholders in the transportation sector.
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