DSKE Stock Recent News

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.

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.

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.

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.

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, 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 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.

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.

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.

Several months after Daseke expressed disappointment that one of the leading debt ratings agencies didn't increase its rating, the flatbed operator got its wish when another one did. When Moody's conducted a review of Daseke (NASDAQ: DSKE) earlier this year, it came out with a report that said the outlook on the company's debt was “stable,” which means conditions were not in place to suggest an upgrade or downgrade.