Proficient Auto Logistics pre-announces Q3 revenue down 14-16% YoY to $90-92M, net income significantly degraded

Proficient Auto Logistics, Inc

2024-Q3 EPS reported -$0.35 revenue$147,414,098

Estimated Q3 revenue $90-$92M, a decline of 14-16% vs combined Q3 2023 revenue.
Unit volumes flat to down 1% YoY; significantly fewer premium-priced dedicated fleet, brokerage and spot buy opportunities.
Vehicle SAAR fell 1.9% YoY; consumer uncertainty and interest rate wait-and-see are blamed for weak auto sales.
Net income expected to be substantially lower than Q2 2024 due to lost operating leverage.
Longer-term integration and competitive positioning remain on track; recent Auto Transport Group acquisition noted.

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