Company profile

Ticker
DSKE
Exchange
CEO
Don R. Daseke
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Hennessy Capital Acquisition Corp II
SEC CIK

DSKE stock data

(
)

Calendar

5 Aug 19
21 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 450.6M 433M 447.01M 461.59M
Net income -6.4M -9.3M -20.06M 2.18M
Diluted EPS -0.12 -0.16 -0.33 0.01
Net profit margin -1.42% -2.15% -4.49% 0.47%
Operating income 4.7M 700K -8.27M 13.92M
Net change in cash 1.3M 16.4M 27.92M -60.66M
Cash on hand 63.7M 62.4M 46M 18.08M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 1.61B 846.3M 651.8M 678.85M
Net income -5.19M 27M -12.28M 3.26M
Diluted EPS -0.16 0.56 -0.81 -0.07
Net profit margin -0.32% 3.19% -1.88% 0.48%
Operating income 21.91M 7.02M 10.63M 31.01M
Net change in cash -44.68M 86.98M 1.69M
Cash on hand 46M 90.68M 3.7M 2M

Financial data from Daseke earnings reports

Financial report summary

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Risks
  • The Company’s industry is affected by general economic and business risks that are largely beyond its control.
  • The Company’s industry is highly competitive and fragmented, and its business and results of operations may suffer if it is unable to adequately address downward pricing and other competitive pressures.
  • Driver shortages and increases in driver compensation or owner-operator contracted rates could adversely affect the Company’s profitability and ability to maintain or grow its business.
  • The loss of senior management or key operating personnel could adversely affect operations.
  • A key component of the Company’s strategy includes selectively pursuing strategic and complementary acquisitions; however, it may not be able to execute future acquisitions successfully.
  • Seasonality and the impact of weather and other catastrophic events adversely affect the Company’s operations and profitability.
  • The Company may be adversely affected by fluctuations in the price or availability of diesel fuel.
  • Increased prices for, or decreases in the availability of, new revenue equipment and decreases in the value of used revenue equipment could adversely affect the Company’s results of operations and cash flows.
  • The Company’s credit facilities and the terms of the Series A Preferred Stock contain restrictive covenants that may impair the Company’s ability to conduct business, and to maintain compliance with these covenants in the future, which could lead to default and acceleration under the credit facilities.
  • The Company’s leverage and debt service obligations may adversely affect its financial condition, results of operations, business prospects and ability to make payments on its debt obligations.
  • The Company may incur substantial additional indebtedness, which could increase the risks it faces.
  • The Company has significant ongoing capital expenditure requirements. If the Company is unable to obtain such capital on favorable terms or at all, it may not be able to execute on its business plans and its business, financial condition, results of operations, cash flows and prospects may be adversely affected.
  • Increases in interest rates could adversely affect the Company’s business.
  • The Company operates in a highly-regulated industry, and changes in existing laws or regulations, or liability under existing or future laws or regulations, could have a material adverse effect on its results of operations and profitability.
  • Safety-related evaluations and rankings under the CSA program could adversely impact the Company’s relationships with its customers and its ability to maintain or grow its fleet, each of which could have a material adverse effect on its results of operations and profitability.
  • The Company is subject to environmental and worker health and safety laws and regulations that may expose it to significant costs and liabilities and have a material adverse effect on its results of operations, competitive position and financial condition.
  • The Company is subject to the risks of litigation and governmental proceedings, which could adversely affect its business.
  • Insurance and claims expenses could significantly reduce the Company’s profitability.
  • The Company derives a material portion of its revenue from its major customers, the loss of one or more of which could have a material adverse effect on the Company’s business.
  • Difficulty in obtaining goods and services from the Company’s vendors and suppliers could adversely affect the Company’s business.
  • The Company is subject to certain risks arising from doing business in Canada and Mexico.
  • The Company’s contractual agreements with its owner-operators expose it to risks that it does not face with its company drivers.
  • If the Company’s owner-operators are deemed by regulators or judicial process to be employees, the Company’s business and results of operations could be adversely affected.
  • The Company depends on third parties in its brokerage business, and service instability from these providers could increase the Company’s operating costs or reduce its ability to offer brokerage services, which could adversely affect its revenue, results of operations and customer relationships.
  • The Company is dependent on computer and communications systems, and a systems failure or data breach could cause a significant disruption to its business.
  • The Company’s business may be harmed by terrorist attacks, future wars or anti-terrorism measures.
  • If the Company’s employees were to unionize, the Company’s operating costs could increase and its ability to compete could be impaired.
  • Higher health care costs and labor costs could adversely affect the Company’s financial condition and results of operations.
  • Changes to trade regulation, quotas, duties or tariffs, caused by changing U.S. and geopolitical environments or otherwise, may increase the Company’s costs and materially adversely affect its business.
  • The Company’s total assets include goodwill and indefinite-lived intangibles. If the Company determines that these items have become impaired in the future, net income could be materially and adversely affected.
  • The requirements of being a public company, including compliance with the reporting requirements of the Exchange Act and the requirements of the Sarbanes-Oxley Act, may strain the Company’s resources, increase the Company’s costs and distract management.
  • The Company has identified material weaknesses in its internal control over financial reporting that, if not remediated, could result in material misstatements in the Company’s financial statements, cause the Company to fail to meet its periodic reporting obligations, or adversely affect investor confidence.
  • A small number of the Company’s stockholders hold a substantial portion of its outstanding common stock.
  • Some provisions of the Company’s governing documents and Delaware law may inhibit a takeover, which could limit the price investors might be willing to pay in the future for its common stock.
  • The Company does not currently pay dividends on its common stock.
  • An active trading market for the Company’s common stock may not be sustained.
  • If securities or industry analysts do not publish or cease publishing research or reports about the Company, its business, or its market, or if they change their recommendations regarding the Company’s securities adversely, the price and trading volume of the Company’s common stock could decline.
  • Uncertainties in the interpretation and application of the Tax Cuts and Jobs Act of 2017 could materially affect the Company’s tax obligations and effective tax rate.
Management Discussion
  • *indicates not meaningful.
  • *indicates not meaningful.
  • *indicates not meaningful.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg
New words: BIP, depreciaton, easing, effort, failure, found, half, headcount, healthcare, Hornady, oil, pressure, restructuring, streamline, Synchronize, undertaken, wage, Wylie
Removed: annualized, close, eliminating, ensure, fourth, mix, order, reduced, source, timely