Daseke

Daseke, Inc. engages in the provision of transportation and logistics solutions. It operates through the Flatbed Solutions and Specialized Solutions segments. The Flatbed Solutions segment delivers its services through flatbed and retractable-sided transportation equipment to meet the needs of high-volume and time-sensitive shippers. The Specialized Solutions segment focuses on transportation and logistics solutions that include super heavy haul, high-value customized, over-dimensional, commercial glass and high-security cargo solutions. The company was founded by Don R. Daseke in November 2008 and is headquartered in Addison, TX.

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Daseke reports record revenue in 2022, eyes growth opportunities

Daseke's 2022 performance reflects financial strength, operational resilience, and strategic focus on growth and efficiency.
While facing challenges such as productivity declines and market softness, the company is well-positioned to capitalize on opportunities for growth and optimization.
With a commitment to reducing leverage, strategic acquisitions, and operational improvements, Daseke aims to navigate challenges and drive sustainable growth.

Daseke (DSKE) reports resilient Q1 performance amidst industry challenges

Daseke (DSKE) navigated Q1 2023 effectively, showcasing resilience and agility in the face of industry challenges. The company remains committed to driving shareholder value through operational excellence and balance sheet optimization. Despite inflationary pressures, Daseke is optimistic about future growth opportunities.

Daseke reports Q2 resilience amidst challenges, eyes growth opportunities

Daseke's Q2 2023 performance showed resilience in cash flow despite revenue declines in segments, with a focus on operational efficiency and strategic progress.
The company's strengths lie in balance sheet improvements, operational ratios, and post-acquisition integration efforts to drive financial stability and growth.
Challenges include industry headwinds, segment-specific issues, and uncertainties in future visibility, while opportunities exist in transformation initiatives and leadership continuity.

Daseke reports Q3 revenue decline, eyes growth in Mexico

Daseke's Q3 performance reflected revenue declines but highlighted operational improvements and financial prudence.
The company faces challenges in market conditions but is focused on leveraging opportunities for growth.
With a positive outlook, Daseke aims to drive profitability through strategic initiatives and balance sheet strengthening.
Expansion into new markets and business segments signals a proactive approach to future growth and diversification.

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The trucking company delivered better-than-expected results.

Why Daseke Stock Is Surging Today

Daseke, Inc. (NASDAQ:DSKE ) Q4 2022 Earnings Conference Call February 6, 2023 11:00 AM ET Company Participants Adrianne D. Griffin - VP, IR and Treasurer Traci Graham - VP, FP&A and Business Analytics Jonathan Shepko - CEO Aaron Coley - EVP and CFO Conference Call Participants Bert Subin - Stifel, Nicolaus & Company, Inc. Jason Seidl - Cowen and Company Greg Gibas - Northland Capital Markets Ryan Sigdahl - Craig-Hallum Capital Group Operator Good morning everyone and thank you for joining today's conference call to discuss Daseke's Financial Results for the Fourth Quarter and Full Year Ended December 31, 2022.

Daseke, Inc. (DSKE) Q4 2022 Earnings Call Transcript

Management from flatbed truckload operator Daseke said it expects to see demand improve by the middle of the year, in line with normal seasonality, with rates returning to 2022 peak levels next year. It also sees the industry reaching a fresh peak for rates in 2025.

Flatbed carrier Daseke sees industry hitting new peak for rates in 2025

Daseke (DSKE) delivered earnings and revenue surprises of 350% and 2.09%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Daseke (DSKE) Beats Q4 Earnings and Revenue Estimates

Provides update on accretive fourth-quarter share repurchases Provides update on accretive fourth-quarter share repurchases

Daseke Announces Record Results, Reports Fourth-Quarter and Full-Year 2022, and Provides Full-Year 2023 Outlook

ADDISON, Texas, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ: DSKE) (“Daseke” or the “Company”), the premier North American transportation solutions specialist dedicated to servicing challenging industrial end-markets, announced today that members of its management team would be attending the Stifel 2023 Transportation & Logistics Conference on February 7th and 8th. Jonathan Shepko, Chief Executive Officer, Aaron Coley, Executive Vice President and Chief Financial Officer, and Adrianne Griffin, Vice President, Investor Relations and Treasurer, are scheduled to meet with investors who have registered for the event. Rick Williams, Executive Vice President and Chief Operating Officer, will participate in an industry panel discussion.

Daseke Management to Participate in Stifel 2023 Transportation & Logistics Conference

Newly created role with a dedicated proven leader facilitates enhanced communication of the Company's shareholder value proposition Newly created role with a dedicated proven leader facilitates enhanced communication of the Company's shareholder value proposition

Daseke Names Adrianne D. Griffin Vice President, Investor Relations and Treasurer

ADDISON, Texas, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ: DSKE) (or the “Company”), the premier North American transportation solutions specialist dedicated to servicing challenging industrial end-markets, today announced that it plans to report results for its fourth quarter and full year, ended December 31, 2022, on Monday, February 6th. A conference call to discuss the financial and operational results is scheduled for February 6 at 11:00 AM ET.

Daseke, Inc. to Release Fourth-Quarter and Full-Year 2022 Results February 6, 2023

The company's revenue should benefit from the healthy demand in high-security cargo, aerospace, agriculture, and renewables. DSKE's transformational program should continue to benefit the operating ratio and help generate free cash flow to deleverage its balance sheet.

Daseke Has A Good Upside Potential

The buyout of founder Don Daseke by flatbed operator Daseke Inc. has led S&P Global Ratings to shift its outlook on the company to “negative.” The action by S&P Global Ratings (NYSE: SPGI) does not change the company's actual debt rating, which was upgraded to B+ from B in August.

Buyout of founder changes Daseke's capital structure; S&P lowers outlook

Recent financial performance achieved by Daseke has been a bit mixed, but the overall picture for the company is far from bad. Management recently completed a major financial transaction that has both positives and negatives, but that will eat some of the firm's cash flows.

Daseke: Recalibrating Expectations

ADDISON, Texas, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ: DSKE) (“Daseke” or the “Company”) announced today that it has completed its repurchase of 17,932,725 shares of the Company's common stock from its founder, Mr. Don R. Daseke, and his affiliates at a purchase price of $6.00 per share (the “Founder's Repurchase”), which represents approximately 28.6% of the Company's issued and outstanding common shares as of November 9, 2022. As part of the Founder's Repurchase and effective therewith, Mr. Daseke has resigned from the Company's Board of Directors.

Daseke Announces Completion of Founder's Stock Repurchase

ADDISON, Texas, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ: DSKE) (“Daseke” or the “Company”), the premier North American transportation solutions specialist dedicated to servicing challenging industrial end-markets, announced today that Vice President of Finance and Investor Relations Officer, Traci Graham, is scheduled to participate in two upcoming investor conferences and will be conducting one-on-one meetings with investors that have registered for the respective events.

Daseke to Participate in Two Investor Conferences

Flatbed truckload provider Daseke said Monday that it will buy out founder and former chairman Don Daseke. An agreement to repurchase $107.6 million in stock from Daseke and his affiliates is expected to close “later this week.

Daseke to buy out founder in $108M transaction

Company has announced a structured transaction to repurchase Founder's 28.6% position Company has announced a structured transaction to repurchase Founder's 28.6% position

Daseke Announces Repurchase of Founder's Stock

Daseke, Inc. (NASDAQ:DSKE ) Q3 2022 Earnings Conference Call November 9, 2022 11:00 AM ET Company Participants Traci Graham - Vice President of Finance and Investor Relations Jonathan Shepko - Chief Executive Officer Aaron Coley - Executive Vice President and Chief Financial Officer Conference Call Participants Bert Subin - Stifel, Nicolaus & Company, Inc. Jason Seidl - Cowen and Company Ryan Sigdahl - Craig-Hallum Capital Group LLC Operator Good morning, and thank you for participating in today's conference to discuss Daseke's Financial Results for the Third Quarter ended September 30, 2022 as well as Daseke's 2022 Full-Year Outlook. With us today are Jonathan Shepko, Chief Executive Officer and Board member; Aaron Coley, Executive Vice President and Chief Financial Officer; and Traci Graham, Vice President of Finance and Investor Relations.

Daseke, Inc. (DSKE) Q3 2022 Earnings Call Transcript

Daseke (DSKE) delivered earnings and revenue surprises of -43.33% and 0.79%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Daseke (DSKE) Lags Q3 Earnings and Revenue Estimates

Confidence in full-year outlook, as strategic portfolio of end markets demonstrates resilience across industrial freight market Confidence in full-year outlook, as strategic portfolio of end markets demonstrates resilience across industrial freight market

Daseke Reports Results for Third Quarter 2022

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ADDISON, Texas, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ: DSKE) (or the “Company”), the premier North American transportation solutions specialist dedicated to servicing challenging industrial end-markets, today announced that it plans to report results for its third quarter, ended September 30, 2022, on Wednesday, November 9. A conference call to discuss the financial and operational results is scheduled for November 9 at 11:00 AM ET.

Daseke, Inc. to Release Third-Quarter 2022 Results November 9, 2022

Daseke has been pushed down hard by the market in recent months, driven by concerns over the economy. The downside the company experienced is mostly unwarranted, even though its financial position could deteriorate due to market conditions moving forward.

Daseke: A Great Prospect At Current Prices

After sagging performance in its shares, flatbed truckload operator Daseke announced Friday that it would repurchase up to $40 million of its stock. The stock will be repurchased from “time to time” in the open market or by using a Securities and Exchange Commission Rule 10b5-1 plan, which sets the schedule and amount of trading in advance.

Daseke announces share buyback following activist's encouragement

Buyback authorization enables opportunistic cash deployment as part of a balanced capital allocation strategy Buyback authorization enables opportunistic cash deployment as part of a balanced capital allocation strategy

Daseke Announces $40 Million Stock Repurchase Program

Flatbed truckload provider Daseke Inc. announced Friday that it accepted the resignation of CFO Jason Bates effective last Monday. A news release said Bates was leaving the Dallas-Fort Worth area where the company is based due to “familial obligations.

Daseke announces new CFO, reiterates guidance

Company reaffirms full-year 2022 revenue growth outlook of 12% - 15% and Adjusted EBITDA growth outlook of 5%-10% year-over-year, supported by solid execution and demand and rate resilience in industrial-facing freight markets Company reaffirms full-year 2022 revenue growth outlook of 12% - 15% and Adjusted EBITDA growth outlook of 5%-10% year-over-year, supported by solid execution and demand and rate resilience in industrial-facing freight markets

News for Daseke Stock (DSKE)