Daseke, Inc. (NASDAQ:DSKE) Q2 2020 Earnings Conference Call - Final Transcript

Aug 06, 2020 • 11:00 am ET


Daseke, Inc. (NASDAQ:DSKE) Q2 2020 Earnings Conference Call - Final Transcript


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Good morning, everyone, and thank you for participating in today's conference call to discuss Daseke's financial results for the second quarter ended June 30th, 2020.

With us today are Chris Easter, CEO; Jason Bates, EVP and CFO; and John Michell, VP of Treasury and Investor Relations. After their prepared remarks, the management team will take your questions. As a reminder, you may now download the 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 these slides in the Investor Relations section of our website.

Before we go further, I would like to turn the call over to Brooks Hamilton with the Alpha IR Group, 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.

Brooks, please go ahead.

Brooks Hamilton

Thank you, Catie. Please turn to Slide 2 for a review of our safe harbor and non-GAAP statements.

Today's presentation contains forward-looking statements as within the meaning of the Private Securities Litigation Reform Act of 1995. Projected financial information, including our guidance outlook, are forward-looking statements. Forward-looking statements, including those with respect to revenues, earnings, performance, strategies, prospects, and other aspects of Daseke's business are based on management's current estimates, projections, and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections.

I encourage you to read our filings with the Securities and Exchange Commission for a discussion of the risks that can affect our business and do not place undue reliance on any forward-looking statements. We undertake no obligation to revise our forward-looking statements to reflect events or circumstances occurring after today, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

During the call, there will also be a discussion of some items that do not conform to U.S. Generally Accepted Accounting Principles, or GAAP, including adjusted EBITDA, adjusted operating ratio, adjusted operating income, adjusted net income or loss and free cash flow. Reconciliations of these non-GAAP measures to their most directly comparable GAAP measures are included in the appendix to the investor presentation and press release issued this morning, both of which are available in the Investor tabs of the Daseke website, www.daseke.com.

In terms of the structure of our call today, Chris will start with a review of our business operations and the progress we are making as we navigate through the pandemic environment and execute against our strategic priorities. Jason will then walk through the financial review of the quarter, and Chris will come back to wrap up with our remarks with a few closing comments before we open the line for questions.

Now, I would like to turn the call over to Daseke's CEO, Mr. Chris Easter. Chris?

Chris Easter

Thank you, Brooks, and good morning, everyone. Slide 3 outlines a few