DSKEW - （Daseke Inc.）

The nation's largest flatbed carrier, Daseke Inc. (NASDAQ: DSKE ), could see more "doors open" if it continues to succeed on its turnaround plan. An improving capital structure could lead to the resumption of acquisitions, providing the catalyst for the carrier's next phase of growth. Of course, all of this hinges on its ability to continue to execute, according to CFO Jason Bates. In an interview with FreightWaves, Bates said he believes a couple more quarters of improved execution will provide the company with more avenues to improve its capital structure. "If we can put up two or three more really solid quarters and develop kind of a consistent trend and a positive direction, that may catch the eyes of ratings agencies and lenders and may open some additional doors for us," Bates said. An improved capital structure would include a bump to credit ratings , a lower cost of capital, lower interest rates and less debt leverage. Daseke could even issue new equity as it has done twice since its shares went public in February 2017.

On its second-quarter earnings call with analysts on Thursday, August 6, management from the nation's largest flatbed carrier Daseke Inc. (NASDAQ: DSKE ) said the business is holding up well even as revenue has been challenged by the pandemic. Volumes troughed in April, modestly improving sequentially in May and again in June. Management said July has provided more of a "a sideways movement" as demand began to plateau at the end of June. More specifically, management said flatbed capacity demand for wind energy and lumber has been strong. Demand for building materials has held steady and the defense sector is coming back on line. Softness in the aerospace and metals verticals have provided a partial offset. While revenue is likely to be flat sequentially from the second quarter to the third quarter, the carrier has several cost catalysts that will allow it to improve its operating ratio (OR) sequentially over the same period. Daseke's $45 million restructuring plan remains on track. The carrier achieved the first $30 million in operating income improvement on an annual run rate basis exiting the first quarter.

Daseke Inc. (NASDAQ: DSKE ), the nation's largest flatbed carrier, reported second-quarter adjusted net income of $0.10 per share, significantly better than the consensus estimate calling for a $0.09 loss. The result excludes costs associated with the restructuring and transformation of the business, which is expected to improve operating income by $45 million annually. In its August 6 earnings release, the carrier noted conditions improved throughout the quarter. "On a consolidated basis, our freight volumes incrementally improved week-to-week through both May and June, albeit off a low base, after troughing in April," stated CEO Chris Easter. Daseke reported second-quarter consolidated revenue declined 22% year-over-year to $352 million. However, the aforementioned cost management program drove a record operating ratio (OR) of 96.5%, or 94.3% on an adjusted basis. "While softer market conditions impeded our top-line results, the impacts of our improved operational and cost improvement …

Daseke Inc. (NASDAQ: DSKE ) announced progress on a few key financial metrics. The company reported that it expects to be operating and free cash flow-positive and to "further strengthen" its liquidity position during the second quarter. In a June 18 press release, the nation's largest flatbed carrier reported volumes have improved in five of the last six weeks, rebounding from April lows. The information provided in the release was an update as of June 1. "As the leader in the North American flatbed and specialized transportation market, Daseke continues to move the industrial economy as many of the companies in the end markets we serve are essential service providers and critical components to the economy," said Daseke CEO Chris Easter. The release credited the company's ongoing restructuring , which is designed to improve operating income by $45 million annually, as a key catalyst for the improvement. The plan includes reducing tractors, trailers and headcount, as well as the consolidation of separately operated flatbed companies that Daseke had acquired in recent years.

A couple of quarters into a multi-phased restructuring designed to streamline operations and increase profitability, Daseke Inc (NASDAQ: DSKE ), the nation's largest flatbed carrier, announced the appointment of its new chief operating officer (COO). In a May 12 press release, Daseke announced that Rick Williams, founder, and CEO of previously acquired flatbed carrier Central Oregon Truck Company, Inc. and head of Daseke's flatbed segment, has assumed the role of executive vice president and COO. Photo credit: Daseke/Central Oregon Truck Company "We are excited to announce Rick Williams' appointment to the COO role, which effectively completes Daseke's operational and financial leadership transition that started last August," said CEO Chris Easter. In February, Easter, who … Full story available on Benzinga.com

The nation's largest flatbed carrier, Daseke Inc. (NASDAQ: DSKE ), could see more "doors open" if it continues to succeed on its turnaround plan. An improving capital structure could lead to the resumption of acquisitions, providing the catalyst for the carrier's next phase of growth. Of course, all of this hinges on its ability to continue to execute, according to CFO Jason Bates. In an interview with FreightWaves, Bates said he believes a couple more quarters of improved execution will provide the company with more avenues to improve its capital structure. "If we can put up two or three more really solid quarters and develop kind of a consistent trend and a positive direction, that may catch the eyes of ratings agencies and lenders and may open some additional doors for us," Bates said. An improved capital structure would include a bump to credit ratings , a lower cost of capital, lower interest rates and less debt leverage. Daseke could even issue new equity as it has done twice since its shares went public in February 2017.

On its second-quarter earnings call with analysts on Thursday, August 6, management from the nation's largest flatbed carrier Daseke Inc. (NASDAQ: DSKE ) said the business is holding up well even as revenue has been challenged by the pandemic. Volumes troughed in April, modestly improving sequentially in May and again in June. Management said July has provided more of a "a sideways movement" as demand began to plateau at the end of June. More specifically, management said flatbed capacity demand for wind energy and lumber has been strong. Demand for building materials has held steady and the defense sector is coming back on line. Softness in the aerospace and metals verticals have provided a partial offset. While revenue is likely to be flat sequentially from the second quarter to the third quarter, the carrier has several cost catalysts that will allow it to improve its operating ratio (OR) sequentially over the same period. Daseke's $45 million restructuring plan remains on track. The carrier achieved the first $30 million in operating income improvement on an annual run rate basis exiting the first quarter.

Daseke Inc. (NASDAQ: DSKE ), the nation's largest flatbed carrier, reported second-quarter adjusted net income of $0.10 per share, significantly better than the consensus estimate calling for a $0.09 loss. The result excludes costs associated with the restructuring and transformation of the business, which is expected to improve operating income by $45 million annually. In its August 6 earnings release, the carrier noted conditions improved throughout the quarter. "On a consolidated basis, our freight volumes incrementally improved week-to-week through both May and June, albeit off a low base, after troughing in April," stated CEO Chris Easter. Daseke reported second-quarter consolidated revenue declined 22% year-over-year to $352 million. However, the aforementioned cost management program drove a record operating ratio (OR) of 96.5%, or 94.3% on an adjusted basis. "While softer market conditions impeded our top-line results, the impacts of our improved operational and cost improvement …

Daseke Inc. (NASDAQ: DSKE ) announced progress on a few key financial metrics. The company reported that it expects to be operating and free cash flow-positive and to "further strengthen" its liquidity position during the second quarter. In a June 18 press release, the nation's largest flatbed carrier reported volumes have improved in five of the last six weeks, rebounding from April lows. The information provided in the release was an update as of June 1. "As the leader in the North American flatbed and specialized transportation market, Daseke continues to move the industrial economy as many of the companies in the end markets we serve are essential service providers and critical components to the economy," said Daseke CEO Chris Easter. The release credited the company's ongoing restructuring , which is designed to improve operating income by $45 million annually, as a key catalyst for the improvement. The plan includes reducing tractors, trailers and headcount, as well as the consolidation of separately operated flatbed companies that Daseke had acquired in recent years.

A couple of quarters into a multi-phased restructuring designed to streamline operations and increase profitability, Daseke Inc (NASDAQ: DSKE ), the nation's largest flatbed carrier, announced the appointment of its new chief operating officer (COO). In a May 12 press release, Daseke announced that Rick Williams, founder, and CEO of previously acquired flatbed carrier Central Oregon Truck Company, Inc. and head of Daseke's flatbed segment, has assumed the role of executive vice president and COO. Photo credit: Daseke/Central Oregon Truck Company "We are excited to announce Rick Williams' appointment to the COO role, which effectively completes Daseke's operational and financial leadership transition that started last August," said CEO Chris Easter. In February, Easter, who … Full story available on Benzinga.com

The nation's largest flatbed carrier, Daseke Inc. (NASDAQ: DSKE ), could see more "doors open" if it continues to succeed on its turnaround plan. An improving capital structure could lead to the resumption of acquisitions, providing the catalyst for the carrier's next phase of growth. Of course, all of this hinges on its ability to continue to execute, according to CFO Jason Bates. In an interview with FreightWaves, Bates said he believes a couple more quarters of improved execution will provide the company with more avenues to improve its capital structure. "If we can put up two or three more really solid quarters and develop kind of a consistent trend and a positive direction, that may catch the eyes of ratings agencies and lenders and may open some additional doors for us," Bates said. An improved capital structure would include a bump to credit ratings , a lower cost of capital, lower interest rates and less debt leverage. Daseke could even issue new equity as it has done twice since its shares went public in February 2017.

On its second-quarter earnings call with analysts on Thursday, August 6, management from the nation's largest flatbed carrier Daseke Inc. (NASDAQ: DSKE ) said the business is holding up well even as revenue has been challenged by the pandemic. Volumes troughed in April, modestly improving sequentially in May and again in June. Management said July has provided more of a "a sideways movement" as demand began to plateau at the end of June. More specifically, management said flatbed capacity demand for wind energy and lumber has been strong. Demand for building materials has held steady and the defense sector is coming back on line. Softness in the aerospace and metals verticals have provided a partial offset. While revenue is likely to be flat sequentially from the second quarter to the third quarter, the carrier has several cost catalysts that will allow it to improve its operating ratio (OR) sequentially over the same period. Daseke's $45 million restructuring plan remains on track. The carrier achieved the first $30 million in operating income improvement on an annual run rate basis exiting the first quarter.

Daseke Inc. (NASDAQ: DSKE ), the nation's largest flatbed carrier, reported second-quarter adjusted net income of $0.10 per share, significantly better than the consensus estimate calling for a $0.09 loss. The result excludes costs associated with the restructuring and transformation of the business, which is expected to improve operating income by $45 million annually. In its August 6 earnings release, the carrier noted conditions improved throughout the quarter. "On a consolidated basis, our freight volumes incrementally improved week-to-week through both May and June, albeit off a low base, after troughing in April," stated CEO Chris Easter. Daseke reported second-quarter consolidated revenue declined 22% year-over-year to $352 million. However, the aforementioned cost management program drove a record operating ratio (OR) of 96.5%, or 94.3% on an adjusted basis. "While softer market conditions impeded our top-line results, the impacts of our improved operational and cost improvement …

Daseke Inc. (NASDAQ: DSKE ) announced progress on a few key financial metrics. The company reported that it expects to be operating and free cash flow-positive and to "further strengthen" its liquidity position during the second quarter. In a June 18 press release, the nation's largest flatbed carrier reported volumes have improved in five of the last six weeks, rebounding from April lows. The information provided in the release was an update as of June 1. "As the leader in the North American flatbed and specialized transportation market, Daseke continues to move the industrial economy as many of the companies in the end markets we serve are essential service providers and critical components to the economy," said Daseke CEO Chris Easter. The release credited the company's ongoing restructuring , which is designed to improve operating income by $45 million annually, as a key catalyst for the improvement. The plan includes reducing tractors, trailers and headcount, as well as the consolidation of separately operated flatbed companies that Daseke had acquired in recent years.

A couple of quarters into a multi-phased restructuring designed to streamline operations and increase profitability, Daseke Inc (NASDAQ: DSKE ), the nation's largest flatbed carrier, announced the appointment of its new chief operating officer (COO). In a May 12 press release, Daseke announced that Rick Williams, founder, and CEO of previously acquired flatbed carrier Central Oregon Truck Company, Inc. and head of Daseke's flatbed segment, has assumed the role of executive vice president and COO. Photo credit: Daseke/Central Oregon Truck Company "We are excited to announce Rick Williams' appointment to the COO role, which effectively completes Daseke's operational and financial leadership transition that started last August," said CEO Chris Easter. In February, Easter, who … Full story available on Benzinga.com