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 North America's second-largest open deck transportation specialist, serving diverse industries across 49 states and international markets. This dedicated news hub provides investors and industry professionals with essential updates about the company's operational milestones, financial performance, and strategic direction.
Discover timely information on earnings reports, leadership updates, fleet expansions, and market initiatives without promotional bias. Our curated collection features official press releases about Daseke's asset-right strategy, subsidiary operations (including Smokey Point Distributing and Boyd Companies), and logistics innovations that drive the $800B+ transportation sector.
Key content areas include quarterly financial results, mergers & acquisitions, safety recognitions, and sustainability efforts. Bookmark this page to efficiently track developments from Daseke's specialized divisions while staying informed about North American freight industry trends.
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.
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