Proficient Auto Logistics Q2 revenue $106.6M (+5.8%), adjusted op income $8.73M, acquires ATG

Proficient Auto Logistics, Inc

Total operating revenue $106.6M, up 5.8% YoY; adjusted operating income $8.73M, up 19.4%.
Adjusted operating ratio improved to 91.8% from 92.7%; 507,712 units delivered (+10.5%).
Acquiring Auto Transport Group (ATG) with 76 tractors/76 trailers; expected close Aug 15, 2024.
Issuing ~1.02M unregistered shares as consideration; shares subject to 12-month lockup vesting tranches.

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