Quarterly ResultMay 7, 2026, 04:18 PM
Proficient Auto Logistics Q1 Operating Loss $(6.9)M; Net Loss $(6.5)M
AI Summary
Proficient Auto Logistics reported its Q1 2026 financial results, with Total Operating Revenue decreasing 1.6% to $93.7 million and Total Operating Loss widening to $(6.9) million from $(2.4) million in Q1 2025. The company posted a Net Loss of $(6.49) million, or $(0.23) per diluted share. Despite challenges from lower volumes, weather, and fuel costs, total units delivered increased 1.5%, and management expects improved performance in Q2. The company also announced a $15 million share repurchase program and has already repurchased 82,877 shares at an average price of $6.25.
Key Highlights
- Reported Q1 2026 Total Operating Revenue of $93.7 million, a 1.6% decrease YoY.
- Incurred a Total Operating Loss of $(6.9) million, compared to $(2.4) million in Q1 2025.
- Reported a Net Loss of $(6.49) million, or $(0.23) per diluted share.
- Total units delivered increased 1.5% to 501,850, with company deliveries up 14.3%.
- Board authorized a $15 million share repurchase program.
- Repurchased 82,877 shares at an average price of $6.25 during Q1.
- Ended Q1 with $9.8 million cash and $69.1 million debt, resulting in $59.3 million net debt.