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Daseke, Inc. Announces Second Quarter 2017 Earnings
ADDISON, TEXAS — August 9, 2017 — Daseke, Inc. (NASDAQ: DSKE, DSKEW), the largest owner and a leading consolidator of flatbed and specialized transportation solutions in North America, today announced earnings results for the 2017 second quarter.
Revenue for the quarter was $197.3 million compared with $170.4 million for the same period in 2016. Revenue for the second quarter of 2017 increased 15.8 percent year over year and improved 23 percent sequentially over 2017 first quarter revenue of $160.4 million.
Net loss was $4.1 million for the second quarter of 2017, compared with net income of $1.0 million for the prior year and a net loss of $7.7 million for the first quarter of 2017. Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"), a non-GAAP financial measure, was $24.3 million for the second quarter of 2017, compared with $25.2 million for the year-ago period. Adjusted EBITDA declined 3.7 percent year over year, and improved 38.1 percent sequentially over the Adjusted EBITDA totals from the 2017 first quarter of $17.6 million.
The following information was filed by Daseke, Inc. (DSKE) on Wednesday, August 9, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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