Proficient Auto Logistics Inc

Earnings data Q1 2024

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Proficient Auto Logistics, Inc. engages in the provision of auto transportation and logistics services. It focuses on transporting finished vehicles from automotive production facilities, marine ports of entry or regional rail yards to auto dealerships and auto original equipment manufacturing companies. The Company was founded on June 13, 2023 and is headquartered in Jacksonville, FL.

After the close of Wednesday's session, recent IPO Proficient Auto Logistics released very weak preliminary Q3 results. At the midpoint of the preliminary range, revenues will be down by approximately 14% on a sequential basis, despite the benefit from the recent acquisition of Auto Transport Group. With profitability projected to be a far cry from Q2/2024 numbers, I would expect analysts to reduce price targets across the board over the next couple of sessions.

Proficient Auto Logistics: Sell On Major Earnings Warning And Weak Near-Term Prospects

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Proficient Auto Logistics, Inc. (NASDAQ: PAL) today provided an update on certain expected operating and financial metrics for the third quarter of fiscal 2024. As noted during the Company's second quarter earnings call in early August, unit volumes slowed during June with the slowdown continuing into July. While there were specific events in July – such as seasonal plant closures during the first two weeks of the month – the Company also made note of its OE.

Proficient Auto Logistics Provides Update on Expected Operating and Financial Metrics for Third Quarter of Fiscal 2024; Sets Date to Report Third Quarter Financial Results

Proficient Auto Logistics, Inc. PAL shares are trading higher on Thursday. Stifel analyst J.

Proficient Auto Logistics Sees Stock Bounce Amid Short-Term Disruptions, Analyst Stays Bullish

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Proficient Auto Logistics, Inc. (NASDAQ: PAL) today reported its financial results for the three months ended June 30, 2024, for Proficient Auto Logistics, Inc. (“Proficient”, or the “Company”), Proficient Auto Transport, Inc. (“Proficient Transport”, or “Predecessor”) and for the five Founding Companies on a combined basis. Second Quarter Highlights (all on a combined basis compared to second quarter 2023) Total Operating Revenue of $106.6 million, an incre.

Proficient Auto Logistics Reports Second Quarter 2024 Financial Results

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the “Company”) today announced that the Company will issue its second quarter 2024 financial results on Friday, August 9, 2024 at approximately 8:00 a.m. EDT. The release will be followed by an investor conference call at 9:00 a.m. EDT to discuss the results. The Company invites investors to join the investor conference call by registering through this link: https://register.vevent.com/register/BI90b130544470456.

Proficient Auto Logistics Announces Timing of Second Quarter 2024 Earnings Release

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JACKSONVILLE, Fla.--(BUSINESS WIRE)--Proficient Auto Logistics, Inc. (NASDAQ: PAL) today reported the financial results for the three months ended March 31, 2024 for Proficient Auto Logistics, Inc. (“Proficient”), Proficient Auto Transport, Inc. (“Proficient Transport”) and for the five Founding Companies (as defined below) on a combined basis. On May 13, 2024, Proficient completed the initial public offering (the “IPO”) of its common stock. Prior to the IPO, Proficient had entered into agreeme.

Proficient Auto Logistics Reports First Quarter 2024 Financial Results

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the “Company”) today announced that the Company will issue its first quarter 2024 financial results on Tuesday, June 18, 2024 at approximately 8:00 a.m. EDT. The release will be followed by an investor conference call at 9:00 a.m. EDT to discuss the results. The Company invites investors to join the investor conference call by registering through this link: https://register.vevent.com/register/BIdd40ce9adc75493a.

Proficient Auto Logistics Announces Timing of First Quarter 2024 Earnings Release

JACKSONVILLE, Fla.--(BUSINESS WIRE)--As previously announced, in connection with its initial public offering (“IPO”), Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the “Company”) granted the underwriters of its IPO a customary 30-day over-allotment option to buy up to an additional 2,149,999 shares of common stock from the Company at the IPO price, less underwriting discounts and commissions. The Company today announced the sale of 1,435,000 shares of its common stock pursuant to the partial e.

Proficient Auto Logistics Announces Partial Exercise of IPO Over-Allotment Option

Proficient Auto Logistics is a non-union specialized freight company formed from the merger of five leading auto logistics companies. PAL operates one of the largest auto transportation fleets in North America, serving well-known brands and dealerships. The IPO generated gross proceeds of $215 million, but the pro forma earnings implications are uncertain due to the combination of five firms.

Proficient Auto Logistics: Many Questions For This Automotive Logistics IPO

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Proficient Auto Logistics (NASDAQ:PAL) stock is a hot topic on Thursday as the auto transportation and logistics services company's shares start trading today. Let's get into everything investors need to know about PAL stock now that it's trading on a public exchange!

PAL Stock: 7 Things to Know as Proficient Auto Logistics Starts Trading Today

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the “Company”) today announced the pricing of its initial public offering of 14,333,333 shares of its common stock at a public offering price of $15.00 per share, for total gross proceeds of approximately $215.0 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. All of the common stock is being offered by the Company. The underwriters will hav.

Proficient Auto Logistics Announces Pricing of Initial Public Offering

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Proficient Auto Logistics, Inc. seeks to raise $100 million in an IPO to fund its roll-up acquisition plan. The company provides automobile transportation and logistics services and aims to combine with five other companies post-IPO. The IPO is highly speculative due to the unusual decision to fund the acquisition plan with public investment capital.

Proficient Auto Logistics Seeks IPO For Acquisition Plan

News for Proficient Auto Logistics Inc Stock (PAL)