Daseke, Inc. (DSKE) Reports Q4 EPS of $0.62, Beats on Revenues; Offers FY18 Revenue Outlook Above Consensus

Note: EPS may not be comparable

Daseke, Inc. (NASDAQ: DSKE) reported Q4 EPS of $0.62, versus ($0.10) reported last year. Revenue for the quarter came in at $257.2 million versus the consensus estimate of $218.49 million.

Fourth Quarter 2017 Highlights vs. Same Year-Ago Quarter (where applicable)

• Revenue increased 71% to $257.2 million.
• Net income was $38.8 million, or $0.82 per share, compared to a net loss of $10.8 million, or $(0.57) per share.
• Adjusted EBITDA increased 51% to $23.1 million.
• Acquired three top-tier flatbed and specialized carriers of scale.

2018 Outlook

In 2018, Daseke expects to grow revenue on an organic basis to approximately $1.35 billion compared to $846.3 million in 2017. The company expects to grow organic Adjusted EBITDA to approximately $150 million compared to $91.6 million in 2017. Capital expenditures in 2018 are expected to range between $85-$105 million, which includes $20-$40 million in growth capital expenditures, compared to $19.8 million in total capital expenditures in 2017. The details of the increase will be discussed on today's call.

GUIDANCE:

Daseke, Inc. sees FY2018 revenue of $1.35 billion, versus the consensus of $1.29 billion.

For earnings history and earnings-related data on Daseke, Inc. (DSKE) click here.

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