Exhibit 99.1

Picture 3

 

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.

Highlights

·

Sequentially, second quarter 2017 revenue improved 23 percent over first quarter 2017, a

$37 million increase.

·

Continued execution on consolidation strategy with the addition of two operating companies during the second quarter and one on July 1, 2017.

·

Improving 2017 industry environment with favorable rate trends.

·

Strong segment performance, with Flatbed Solutions segment leading the way.

·

Acquisition pipeline remains robust for continued execution of growth strategy.  

·

Daseke remains on track to achieve its 2017 pro forma Adjusted EBITDA target of $140 million.

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.

Acquisitions

During the quarter, Daseke completed the acquisition of two companies effective May 1, 2017, as discussed in the first quarter 2017 earnings release.  On July 5, 2017 Daseke announced the acquisition of The Steelman Companies, bringing the number of consolidated companies to 12.

Based on the 2016 financial results, the combined 2016 estimated revenue, net income, and Adjusted EBITDA of the three acquired companies totals $165 million, $3.1 million and $20 million, respectively.  Approximately 52 percent of the combined revenue of the three acquired companies is estimated to be asset-light or logistics related. 


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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