Proficient Auto Logistics Q3 revenue down 12.5%; operating loss of $2.2M vs prior-year income

Proficient Auto Logistics, Inc

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

Total operating revenue $91.5M, down from $104.6M YoY; operating loss ($2.2M) vs income of $8.2M.
Adjusted operating income $1.1M vs $8.2M; adjusted operating ratio worsened to 98.8% from 92.2%.
Units delivered 499,311 (-0.4% YoY), outperforming SAAR decline of 1.9%.
Adjusted EBITDA $9.6M vs $13.0M; margin 10.4% vs 12.4%; integration of ATG acquisition proceeding.
CEO cites soft demand for premium services; expects common operating systems by year-end.

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