Daseke, Inc. provides transportation and logistics solutions with a focus on flatbed and specialized freight in the United States, Canada, and Mexico. It operates through two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, commercial glass, high security cargo, arms, ammunition and explosives, lumber, and building and construction materials, as well as heavy machinery, such as construction, mining, and agriculture. It also offers logistical planning and warehousing services. As of December 31, 2020, it operated 2,953 company-owned tractors and 2,099 independent owned contractors tractors; and 11,579 trailers. Daseke, Inc. was founded in 2008 and is headquartered in Addison, Texas.
IPO Year: 2015
Exchange: NASDAQ
Website: daseke.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/10/2023 | $15.00 → $12.00 | Outperform | TD Cowen |
| 7/28/2022 | $10.00 | Hold → Buy | Stifel |
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4 - Daseke, Inc. (0001642453) (Issuer)
4 - Daseke, Inc. (0001642453) (Issuer)
4 - Daseke, Inc. (0001642453) (Issuer)
4 - Daseke, Inc. (0001642453) (Issuer)
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TD Cowen reiterated coverage of Daseke with a rating of Outperform and set a new price target of $12.00 from $15.00 previously
Stifel upgraded Daseke from Hold to Buy and set a new price target of $10.00
Stifel resumed coverage of Daseke with a rating of Hold and set a new price target of $8.50
Northland Securities upgraded Daseke from to Buy and set a new price target of $8.50
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MONTREAL, April 01, 2024 (GLOBE NEWSWIRE) -- TFI International Inc. (TSX:TFII), a North American leader in the transportation and logistics industry, today announced that it has closed on the previously announced acquisition of Daseke, Inc. (NASDAQ:DSKE), one of the leading flatbed and specialized transportation and logistics companies in North America, for US $8.30 in cash per common share. The total enterprise value of the transaction is approximately US $1.1 billion, including the merger consideration for the common stock, redemption of Daseke's Series B preferred stock, payoff or assumption of Daseke's Series A preferred stock and outstanding debt, net of cash, and estimated transactio
MONTREAL, Dec. 22, 2023 (GLOBE NEWSWIRE) -- TFI International Inc. (TSX:TFII), a North American leader in the transportation and logistics industry, today announced it has agreed to acquire Daseke, Inc. (("Daseke", NASDAQ:DSKE), one of the leading flatbed and specialized transportation and logistics companies in North America, for $8.30 in cash per common share. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close during the second quarter of 2024. Management expects the transaction to be EPS-neutral to TFI International in 2024, and accretive by at least $0.50 per share in 2025 based on current market conditions. Daseke
Daseke common stockholders to receive $8.30 per share in cash Deal price represents a 69% premium to the last reported sale price and an 82% premium to the 30-trading day VWAP Addison, Texas, Dec. 22, 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, today announced that, with the unanimous approval of Daseke's board of directors, it has entered into a definitive agreement to be acquired by TFI International Inc. (TSX:TFII) (TFI International), a North American leader in the transportation and logistics industry, in an all-cash trans
Daseke Further Advanced its Capital Allocation Priorities During the quarter, Daseke reduced its term-loan balance by an additional $20 million: Year-to-date, Daseke deployed cash on hand to reduce its term-loan balance by $70 million and redeem all Series B-1 shares (13% dividend rate) for $20 millionActions deliver on stated commitment to balance sheet strength, reduce associated future cash interest and preferred dividend payments, and further decrease the Company's cost of capital Maintained significant liquidity of $189 million, consisting of $77 million in cash balances and $112 million available under revolving credit facility, as of September 30, 2023 Third-
ADDISON, Texas, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ:DSKE) (or the "Company"), today announced that it will hold a conference call Thursday, November 9th at 11:00 AM ET to discuss the financial and operational results of its second quarter, ended September 30, 2023. Participants are encouraged to join via a listen-only mode with this link: https://edge.media-server.com/mmc/p/6xzqpdvm. For participants that prefer to dial in by phone, please register with this link: https://register.vevent.com/register/BI70f994861ec54dad982f966280dd0661. Once registered, participants will receive a dial-in number as well as a PIN to enter the event. A participant may re-register for the
Second-Quarter 2023 Highlights (comparisons to first-quarter 2023) Revenue of $407 million and revenue net of fuel surcharge of $362 million, growth of $8 million and $14 million, respectively, due to strong operational execution and a $0.05 rate per mile improvementOperating ratio of 95% and adjusted operating ratio of 92%, improved from 97% and 93%, respectivelyNet income improved to $6 million, or $0.07 earnings per diluted share attributable to common stockholders (EPS), compared to $1 million, or $0.05 loss per diluted share attributable to common stockholdersAdjusted net income improved to $12 million, or $0.20 Adjusted EPS, compared to $8 million, or $0.12 Adjusted EPS Second-Quarte
ADDISON, Texas, July 24, 2023 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ:DSKE) (or the "Company"), today announced that it will hold a conference call Thursday, Aug 3rd at 11:00 AM ET to discuss the financial and operational results of its second quarter, ended June 30, 2023. Participants are encouraged to join via a listen-only mode with this link: https://edge.media-server.com/mmc/p/q4wahgpq. For participants that prefer to dial in by phone, please register with this link: https://register.vevent.com/register/BIe6ea3802e6cd432dbbb420ab13f73300. Once registered, participants will receive a dial-in number as well as a PIN to enter the event. A participant may re-register for the conference
ADDISON, Texas, June 01, 2023 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ:DSKE) ("Daseke" or the "Company"), a premier North American transportation solutions specialist dedicated to servicing challenging industrial end-markets, yesterday appointed Scott Hoppe as Executive Vice President and Chief Operating Officer, effective June 1, 2023. Mr. Hoppe succeeds Rick Williams, who retired from the Company effective today. For additional information, please refer to the Company's March 3, 2023, press release entitled "Daseke Announces Chief Operating Officer Transition" or the Form 8-K published today, both of which are found on the Investor portion of Daseke's website. About Daseke, Inc. Dase
Executed asset-right strategy, generated 4.1% growth in company loads and improved utilizationReduced $50 million of total debt and redeemed $20 million of preferred shares, improving financial leverage and providing immediate accretion to common stockholders Subsequent to Quarter End, Daseke Advanced its Capital Allocation Priorities Reduced term-loan balance with $50.0 million of cash on hand, decreasing future interest expenseRedeemed all Series B-1 shares (13% dividend rate) with $20.3 million of cash on hand, reducing future cash dividendsMaintained significant total available pro forma liquidity of $195.6 million, including cash balance of $91.0 million and $104.6 million available
ADDISON, Texas, April 18, 2023 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ:DSKE) (or the "Company"), today announced that it will hold a conference call Tuesday, May 9th at 11:00 AM ET to discuss the financial and operational results of its first quarter ended March 31, 2023. Participants are encouraged to join via a listen-only mode with this link: https://edge.media-server.com/mmc/p/jsphwmsp For participants that prefer to dial in by phone, please register with this link: https://register.vevent.com/register/BI9768f7fb3dc349aca51d103451588f14. Once registered, participants will receive a dial-in number as well as a PIN to enter the event. A participant may re-register for the conference c
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ADDISON, Texas, June 01, 2023 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ:DSKE) ("Daseke" or the "Company"), a premier North American transportation solutions specialist dedicated to servicing challenging industrial end-markets, yesterday appointed Scott Hoppe as Executive Vice President and Chief Operating Officer, effective June 1, 2023. Mr. Hoppe succeeds Rick Williams, who retired from the Company effective today. For additional information, please refer to the Company's March 3, 2023, press release entitled "Daseke Announces Chief Operating Officer Transition" or the Form 8-K published today, both of which are found on the Investor portion of Daseke's website. About Daseke, Inc. Dase
ADDISON, Texas, Sept. 23, 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 it has named Aaron Coley as the Company's new Executive Vice President, Chief Financial Officer ("CFO"), effective October 28th of this year. In this role, Mr. Coley will be responsible for managing all treasury, accounting, tax, investor relations, financial planning and analysis, and capital market activities, and will be charged with managing the Company's balance sheet and improving its corporate finance capabilities. Additionally, Mr. Cole
ADDISON, Texas, Aug. 09, 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 the appointment of Mr. Bruce Blaise to its board of directors, effective August 1, 2022. Additionally, Mr. Blaise will serve on the board's Compensation and Corporate Governance and Nominating committees. Charles "Chuck" Serianni, Chairman of the Board, commented, "It is a pleasure to welcome Bruce Blaise to the board of directors. Over the past few years, we have thoughtfully added several veteran executives to the Daseke Board, ensuring well-repre
Appoints Grant Garbers to Board of Directors Company to Repurchase Three Million Shares of Stock ADDISON, Texas, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ: DSKE) (“Daseke” or the “Company”), the largest flatbed, specialized transportation and logistics solutions company in North America, announced today that it reached separate agreements with Lyons Capital, LLC and its affiliates (together “Lyons Capital”), who hold approximately 5% of the Company’s common stock, and with Don Daseke and his affiliates (together, “Mr. Daseke”), who hold approximately 28% of the Company’s common stock, regarding the membership and composition of the Board of Directors of the Company (the “Boa
Company’s Operational and Financial Performance in Q4 Expected to be In-Line with Estimates Board of Directors Appoints Jonathan Shepko as Interim CEO ADDISON, Texas, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ: DSKE) (“Daseke” or the “Company”), the largest flatbed, specialized transportation and logistics solutions company in North America, announced today that Christopher Easter has retired as Chief Executive Officer and as a member of the Board of Directors, effective December 31, 2020. The Board has engaged a leading executive search firm to assist in the search for Mr. Easter’s successor. Jonathan Shepko, a current Daseke director, has been appointed as Interim
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Daseke Further Advanced its Capital Allocation Priorities During the quarter, Daseke reduced its term-loan balance by an additional $20 million: Year-to-date, Daseke deployed cash on hand to reduce its term-loan balance by $70 million and redeem all Series B-1 shares (13% dividend rate) for $20 millionActions deliver on stated commitment to balance sheet strength, reduce associated future cash interest and preferred dividend payments, and further decrease the Company's cost of capital Maintained significant liquidity of $189 million, consisting of $77 million in cash balances and $112 million available under revolving credit facility, as of September 30, 2023 Third-
ADDISON, Texas, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ:DSKE) (or the "Company"), today announced that it will hold a conference call Thursday, November 9th at 11:00 AM ET to discuss the financial and operational results of its second quarter, ended September 30, 2023. Participants are encouraged to join via a listen-only mode with this link: https://edge.media-server.com/mmc/p/6xzqpdvm. For participants that prefer to dial in by phone, please register with this link: https://register.vevent.com/register/BI70f994861ec54dad982f966280dd0661. Once registered, participants will receive a dial-in number as well as a PIN to enter the event. A participant may re-register for the
Second-Quarter 2023 Highlights (comparisons to first-quarter 2023) Revenue of $407 million and revenue net of fuel surcharge of $362 million, growth of $8 million and $14 million, respectively, due to strong operational execution and a $0.05 rate per mile improvementOperating ratio of 95% and adjusted operating ratio of 92%, improved from 97% and 93%, respectivelyNet income improved to $6 million, or $0.07 earnings per diluted share attributable to common stockholders (EPS), compared to $1 million, or $0.05 loss per diluted share attributable to common stockholdersAdjusted net income improved to $12 million, or $0.20 Adjusted EPS, compared to $8 million, or $0.12 Adjusted EPS Second-Quarte
ADDISON, Texas, July 24, 2023 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ:DSKE) (or the "Company"), today announced that it will hold a conference call Thursday, Aug 3rd at 11:00 AM ET to discuss the financial and operational results of its second quarter, ended June 30, 2023. Participants are encouraged to join via a listen-only mode with this link: https://edge.media-server.com/mmc/p/q4wahgpq. For participants that prefer to dial in by phone, please register with this link: https://register.vevent.com/register/BIe6ea3802e6cd432dbbb420ab13f73300. Once registered, participants will receive a dial-in number as well as a PIN to enter the event. A participant may re-register for the conference
Executed asset-right strategy, generated 4.1% growth in company loads and improved utilizationReduced $50 million of total debt and redeemed $20 million of preferred shares, improving financial leverage and providing immediate accretion to common stockholders Subsequent to Quarter End, Daseke Advanced its Capital Allocation Priorities Reduced term-loan balance with $50.0 million of cash on hand, decreasing future interest expenseRedeemed all Series B-1 shares (13% dividend rate) with $20.3 million of cash on hand, reducing future cash dividendsMaintained significant total available pro forma liquidity of $195.6 million, including cash balance of $91.0 million and $104.6 million available
ADDISON, Texas, April 18, 2023 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ:DSKE) (or the "Company"), today announced that it will hold a conference call Tuesday, May 9th at 11:00 AM ET to discuss the financial and operational results of its first quarter ended March 31, 2023. Participants are encouraged to join via a listen-only mode with this link: https://edge.media-server.com/mmc/p/jsphwmsp For participants that prefer to dial in by phone, please register with this link: https://register.vevent.com/register/BI9768f7fb3dc349aca51d103451588f14. Once registered, participants will receive a dial-in number as well as a PIN to enter the event. A participant may re-register for the conference c
ADDISON, Texas, Feb. 06, 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, today reported financial results for the fourth quarter and full year ended December 31, 2022, and provided the 2023 outlook. Fourth-Quarter 2022 Highlights (comparisons to fourth quarter 2021) Revenue of $408.2 million, a 3.5% increase, including Specialized Solutions segment revenue growth of 10.9% to $242.9 millionNet income of $6.9 million, or $0.09 earnings per diluted share attributable to common stockholders (EPS), approximately flat to the fourth quarter 2021
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. Participants are encouraged to join via a listen-only mode with this link: https://edge.media-server.com/mmc/p/oksbpe3j. For participants that prefer to dial in by phone, please register with this link: https://register.vevent
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. The total consideration for this repurchase was $107.6 million. In exchange for the repurchased shares, the Company paid $40
ADDISON, Texas, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ:DSKE) ("Daseke" or the "Company") announced today that it has entered into an agreement with its founder, Mr. Don R. Daseke, and his affiliates, to repurchase their total holdings (17,932,725 shares) in the Company at a purchase price of $6.00 per share (the "Founder's Repurchase"). This represents a repurchase by the Company of approximately 28.6% of its issued and outstanding common shares as of November 9, 2022. The repurchase is expected to close later this week. The total consideration for this repurchase is $107.6 million. In exchange for the repurchased shares, the Company will pay $40.0 million with cash on han
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