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Daseke s (NASDAQ: DSKE) go-forward strategy will expand on its recently completed operational restructuring and include accretive acquisitions. Those plans were outlined in an interview FreightWaves had with Interim CEO Jonathan Shepko and CFO Jason Bates.
On Friday, the nation s largest flatbed truckload provider reported fourth-quarter adjusted earnings per share of 12 cents, excluding results from a divested unit. That was better than the consensus expectation calling for a 4-cent loss and last year s 6-cent result.
Next phase of streamlining operations
The heavy lifting for Daseke has been completed. Those efforts included consolidating its network of separately operated carriers from 16 to nine, divesting its oil rig transportation segment Aveda, disposing of underutilized equipment, reducing headcount and building out its C-suite.
Operator
Good morning everyone and thank you for participating in today s conference call to discuss Daseke s Financial Results for the Fourth Quarter and Year Ended December 31st, 2020. With us today are Jonathan Shepko, Interim CEO and Board Member; Jason Bates, EVP and CFO; and John Michell, VP of Treasury and Investor Relations. After their prepared remarks, the management team will take your question.
As a reminder, you may now download a PDF of the presentation slides that will accompany the remarks made on today s conference call as indicated in the press release we issued earlier today. You may access the slides in the Investor Relations section of our website. Before we go further, I would like to turn the call over to John Michell, VP of Treasury and Investor Relations who will read the company s Safe Harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements. John, plea
Voting for Restaurant Rumble runs through Sunday. Written By: Nick Sabato | ×
Big Dummy s is one of 12 participating locations in the Mitchell Chamber of Commerce s Restaurant Rumble. Seven burger options are available as the signature item for Big Dummy s. (Matt Gade / Republic)
Visiting all 12 restaurants in the Restaurant Rumble in five days was not feasible, so I decided to stay in my wheelhouse.
I am a burger guy. More often than not, I order a cheeseburger at restaurants. Big Dummy’s is one of four restaurants in Restaurant Rumble offering a burger and I opted to visit a place I had yet to visit since arriving in Mitchell 2 1/2 years ago.
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A Dorchester manufacturer will make a move to London, building a new industrial plant here as its sales have grown about 40 per cent annually, the company president says.
Bos Innovations, makers of a broad range of machinery, has bought an 3.4-hectare parcel of land in Innovation Park for a new 5,575-square-metre plant.
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“It’s a natural progression for our company. This location will give us the flexibility for future growth and expansion,” said the company’s president, Ben Huigenbos.
Daseke beats Q4 EPS, operating results slide slightly
2021 guidance a bit of a mixed bag 216 2 minutes read Daseke s Q4 EPS doubles year-over-year (Photo: Jim Allen/FreightWaves)
Flatbed truckload company Daseke (NASDAQ: DSKE) saw trends moderate in the fourth quarter compared to a third-quarter blowout, which benefited from an increase in highly profitable project freight. Management cautioned investors on the third-quarter call that a fourth-quarter repeat was unlikely.
On Friday, the Addison, Texas-based company reported fourth-quarter adjusted earnings per share of 12 cents, excluding the divestiture of its energy business Aveda, which was better than the consensus expectation of 4-cent loss and last year’s 6-cent result.