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Echo Global Logistics (ECHO)

Echo Global Logistics, Inc. is a leading Fortune 1000 provider of technology-enabled transportation and supply chain management services. Headquartered in Chicagowith more than 30 offices around the country, Echo offers freight brokerage and Managed Transportation solutions for all major modes, including truckload, partial truckload, LTL, intermodal, and expedited. Echo maintains a proprietary, web-based technology platform that compiles and analyzes data from its network of over 50,000 transportation providers to serve 35,000 clients across a wide range of industries and simplify the critical tasks involved in transportation management.

Company profile

Ticker
ECHO
Exchange
Website
CEO
Douglas Waggoner
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Command Transportation, LLC • Echo/FMP Holdings, LLC • Echo/SFS Holdings, LLC • Echo/OFS Holdings, LLC • Echo Logistics India Pvt. Ltd. ...
IRS number
205001120

ECHO stock data

Calendar

26 Oct 21
13 Aug 22
31 Dec 22
Quarter (USD) Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 53.97M 53.97M 53.97M 53.97M 53.97M 53.97M
Cash burn (monthly) 3.32M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 34.75M n/a n/a n/a n/a n/a
Cash remaining 19.22M n/a n/a n/a n/a n/a
Runway (months of cash) 5.8 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Nov 21 Virginia Henkels Common Stock Sale back to company Dispose D No No 48.25 13,339 643.61K 0
23 Nov 21 Virginia Henkels RSU Common Stock Sale back to company Dispose D No No 0 5,385 0 0
23 Nov 21 David C Habiger Common Stock Sale back to company Dispose D No No 48.25 33,128 1.6M 0
23 Nov 21 David C Habiger RSU Common Stock Sale back to company Dispose D No No 0 5,385 0 0
23 Nov 21 William M Farrow III Common Stock Sale back to company Dispose D No No 48.25 18,850 909.51K 0
23 Nov 21 William M Farrow III RSU Common Stock Sale back to company Dispose D No No 0 5,385 0 0
23 Nov 21 Matthew Wagner Ferguson Common Stock Sale back to company Dispose D No No 48.25 10,779 520.09K 0
23 Nov 21 Matthew Wagner Ferguson RSU Common Stock Sale back to company Dispose D No No 0 5,385 0 0
23 Nov 21 Samuel K Skinner Common Stock Sale back to company Dispose D No No 48.25 40,142 1.94M 0
23 Nov 21 Samuel K Skinner RSU Common Stock Sale back to company Dispose D No No 0 5,385 0 0
5.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 2 180 -98.9%
Opened positions 0 53 EXIT
Closed positions 178 35 +408.6%
Increased positions 1 46 -97.8%
Reduced positions 0 63 EXIT
13F shares Current Prev Q Change
Total value 65.42M 1.21B -94.6%
Total shares 1.36M 24.35M -94.4%
Total puts 7.7K 15.5K -50.3%
Total calls 500 88.3K -99.4%
Total put/call ratio 15.4 0.2 +8673.0%
Largest owners Shares Value Change
Glazer Capital 1.36M $65.33M +16.6%
Simplex Trading 2.77K $86K 0.0%
Largest transactions Shares Bought/sold Change
BLK Blackrock 0 -4.77M EXIT
Dimensional Fund Advisors 0 -1.9M EXIT
Vanguard 0 -1.74M EXIT
ArrowMark Colorado 0 -1.09M EXIT
STT State Street 0 -947.52K EXIT
Millennium Management 0 -743.34K EXIT
Rice Hall James & Associates 0 -667.74K EXIT
Geode Capital Management 0 -467.95K EXIT
Emerald Mutual Fund Advisers Trust 0 -466.57K EXIT
NTRS Northern Trust 0 -420.1K EXIT

Financial report summary

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Management Discussion
  • Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Operations
  • Certain statements in this Quarterly Report on Form 10-Q are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements involve a number of risks, uncertainties and other factors could have on the Company's business and financial results, that could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Factors which could materially affect such forward-looking statements can be found in the section entitled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2020. Investors are urged to consider these factors carefully in evaluating any forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date hereof and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. In addition, the risk relating to the Company’s Agreement and Plan of Merger (the "Merger Agreement") entered into on September 9, 2021 by and among Einstein Midco, LLC, a Delaware limited liability company ("Parent"), Einstein Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), and the Company, providing for the merger of Merger Sub with and into the Company (the "Merger") with the Company surviving the Merger as a wholly owned subsidiary of Parent, including among others, our ability to consummate the transaction, including on the terms of the Merger Agreement, on the anticipated timeline, and/or with the required stockholder and regulatory approvals should be considered.
  • We are a leading provider of technology-enabled transportation and supply chain management solutions. We utilize a proprietary technology platform to compile and analyze data from our multi-modal network of transportation providers to satisfy the transportation and logistics needs of our clients. This model enables us to quickly adapt to and offer efficient and cost-effective solutions for our clients' shipping needs. We focus primarily on arranging transportation by truckload ("TL") and less than truckload ("LTL") carriers. We also offer intermodal (which involves moving a shipment by rail and truck), small parcel, domestic air, expedited and international transportation services. Our core logistics services include carrier selection, dispatch, load management and tracking.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: announcement, attention, consummate, consummation, customary, Delaware, disease, diverted, ease, Einstein, epidemic, fact, firm, FMP, fourth, hire, Jordan, key, LLC, merger, Midco, Parent, political, posed, private, proposed, proxy, regulatory, requisite, retain, statement, stockholder, subsidiary, surviving, thereon, timeline, TJC, unable, unrounded, wholly
Removed: activity