Proficient Auto Logistics Reports Second Quarter 2024 Financial Results
Proficient Auto Logistics, Inc. (PAL)
Company Research
Source: Business Wire
Announces New Acquistion to Close During the Third Quarter JACKSONVILLE, Fla.--(BUSINESS WIRE)--Proficient Auto Logistics, Inc. (NASDAQ: PAL) today reported its financial results for the three months ended June 30, 2024, for Proficient Auto Logistics, Inc. (“Proficient”, or the “Company”), Proficient Auto Transport, Inc. (“Proficient Transport”, or “Predecessor”) and for the five Founding Companies on a combined basis.Second Quarter Highlights (all on a combined basis compared to second quarter 2023)Total Operating Revenue of $106.6 million, an increase of 5.8%Total Operating Income of $7.0 million, a decrease of 3.7%Adjusted Operating Income(1) of $8.73 million, an increase of 19.4%Adjusted Operating Ratio(1) of 91.8% compared to 92.7% in 2023Total Units delivered of 507,712 in 2024, an increase of 10.5%_______________________(1)Adjusted Operating Income and Adjusted Operating Ratio are non-GAAP financial measures. See “Summary Unaudited Combined Financial Information” on the foll
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- Proficient Auto Logistics, Inc. (NASDAQ: PAL) had its price target lowered by analysts at Stifel Nicolaus from $22.00 to $21.00. They now have a "buy" rating on the stock.MarketBeat
- Proficient Auto Logistics, Inc. (NASDAQ: PAL) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $22.00 price target on the stock.MarketBeat
- Proficient Auto Logistics, Inc. (NASDAQ: PAL) had its price target raised by analysts at Raymond James from $18.00 to $21.00. They now have an "outperform" rating on the stock.MarketBeat
- Proficient Auto Logistics Announces Timing of Second Quarter 2024 Earnings ReleaseBusiness Wire
- Proficient Auto Logistics, Inc. (NASDAQ: PAL) is now covered by analysts at Barrington Research. They set an "outperform" rating and a $22.00 price target on the stock.MarketBeat