Core Insights - Proficient Auto Logistics, Inc. reported strong revenue growth and improved profitability in Q3 2025, despite a slower seasonal period, indicating effective market share gains and operational improvements [2][6][9] Financial Performance - Total Operating Revenue for Q3 2025 was $114.3 million, a 24.9% increase from $91.5 million in Q3 2024 [5][6] - Total Operating Loss decreased to $0.1 million from a loss of $2.2 million in Q3 2024 [5][6] - Adjusted Operating Income rose to $4.2 million compared to $1.1 million in Q3 2024 [5][6] - Adjusted Operating Ratio improved to 96.3% from 98.8% year-over-year [5][6] - Total Units delivered increased by 21% year-over-year, with company deliveries up 24.8% and subhauler deliveries up 19.4% [6][8] Revenue and Profitability Metrics - Revenue per unit for company deliveries decreased by 1.5% to $181.42, while revenue per unit for subhaulers increased by 4.3% to $167.97 [8] - The dedicated fleet revenue was $4.2 million in Q3 2025, down from $4.7 million in the same quarter last year [9] Restructuring and Operational Efficiency - The third quarter included $1.9 million in restructuring charges aimed at improving operational efficiency, expected to yield annual savings exceeding $3 million starting in 2026 [10] - The adjusted operating ratio, excluding restructuring charges, improved by 250 basis points year-over-year [10] Balance Sheet Overview - As of September 30, 2025, the company had $14.5 million in cash and $79.2 million in debt, reflecting an $11 million reduction in total debt during the quarter [12] - The net leverage ratio was approximately 1.7x compared to adjusted EBITDA of $38 million for the trailing twelve months [12] Company Background - Proficient Auto Logistics is a leading specialized freight company focused on auto transportation and logistics services, operating one of the largest auto transportation fleets in North America [14]

Core Viewpoint - Proficient Auto Logistics, Inc. reported its financial results for Q1 2025, highlighting ongoing market challenges and the importance of market share growth and integration of recent acquisitions [1][3]. Financial Performance - Total Operating Revenue for Q1 2025 was $95.2 million, a slight increase of 0.7% from Q4 2024 but a decrease of 0.4% from Q1 2024 [2][5]. - Total Operating Loss was $(2.4) million, consistent with Q4 2024 and a significant decline from a profit of $6.5 million in Q1 2024 [2][5]. - Adjusted Operating Income was $1.2 million, up from $1.1 million in Q4 2024 but down from $6.5 million in Q1 2024 [2][5]. - Adjusted Operating Ratio improved slightly to 98.7% from 98.8% in Q4 2024 but was worse than 93.2% in Q1 2024 [2][5]. Unit Deliveries - Total Units delivered were 494,509, reflecting a 5% decrease from Q4 2024 but a 7% increase from Q1 2024 [2][5]. - Company Deliveries accounted for 163,754 units, down from 171,717 in Q4 2024 but up from 150,481 in Q1 2024 [9][12]. Revenue Metrics - Revenue per Unit for Company Deliveries was $185.38, an increase from $180.94 in Q4 2024 but a decrease from $197.38 in Q1 2024 [9][12]. - Revenue per Unit for Subhaulers was $173.14, up from $162.97 in Q4 2024 but down from $194.72 in Q1 2024 [9][12]. Balance Sheet - As of March 31, 2025, the Company had $10.9 million in cash and $79.3 million in debt, resulting in a net debt of approximately $68.4 million [14]. - The net leverage ratio was 1.9x compared to combined adjusted EBITDA of $36.3 million for the trailing twelve months [14]. Acquisitions and Market Position - The Company completed several acquisitions, including Brothers Auto Transport on April 1, 2025, and has integrated five Founding Companies since its IPO in May 2024 [3][4]. - The CEO emphasized the need for successful integration of these acquisitions to counteract market uncertainties [3]. Future Outlook - The Company plans to host an investor conference call to discuss the results and future strategies [15]. - Management is focused on improving operational performance and navigating the challenges posed by the current market environment [3][12].