Daseke, Inc. (NASDAQ:DSKE) Q4 2022 Earnings Conference Call February 6, 2023 11:00 AM ET

Company Participants

Adrianne D. Griffin - VP, IR and Treasurer

Traci Graham - VP, FP&A and Business Analytics

Jonathan Shepko - CEO

Aaron Coley - EVP and CFO

Conference Call Participants

Bert Subin - Stifel, Nicolaus & Company, Inc.

Jason Seidl - Cowen and Company

Greg Gibas - Northland Capital Markets

Ryan Sigdahl - Craig-Hallum Capital Group

Operator

Good morning everyone and thank you for joining today’s conference call to discuss Daseke's Financial Results for the Fourth Quarter and Full Year Ended December 31, 2022. With us today are Jonathan Shepko, CEO and Board member; Aaron Coley, EVP and CFO; Adrianne Griffin, VP of Investor Relations and Treasurer; and Traci Graham, VP of FP&A and Business Analytics. 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 issued earlier today. You may access these slides in the Investor Relations section of Daseke’s website.

I would like to turn the call over to Adrianne Griffin, who will read the Company's Safe Harbor Statement that provides important cautions regarding forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Adrianne, please go ahead.

Adrianne D. Griffin

Thank you Michelle and good morning everyone. Please turn to Slide 2 for a review of our Safe Harbor and non-GAAP statements. Today's presentation contains forward-looking statements 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 would also like to highlight our decision to update our reporting segment results. Previously the company had disclosed a corporate segment which is not an operating segment and included acquisition transaction expenses, corporate salaries, interest expense, and other corporate administrative expenses and intersegment eliminations. Beginning with the fourth quarter of 2022 we began eliminating intersegment revenue and expenses at the segment level and allocating corporate costs to our two reportable segments based upon respective segment revenue. All financial information discussed and included in our materials aligns with the new allocations and eliminations.