JACKSONVILLE, Fla., June 03, 2025 (GLOBE NEWSWIRE) -- Proficient Auto Logistics, Inc. (Nasdaq: PAL) (the “Company”) today announced that Rick O’Dell, Chairman and Chief Executive Officer, Amy Rice, President and Chief Operating Officer, and Brad Wright, Chief Financial Officer will attend the William Blair Growth Stock Conference on June 4, 2025. During this conference, Messrs. O’Dell and Wright and Ms. Rice expect to participate in a series of meetings with members of the investment community. The material ...

Core Viewpoint - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Proficient Auto Logistics, Inc., focusing on possible false or misleading statements made by the company and its executives [1]. Company Overview - Proficient Auto is a specialized freight company that provides auto transportation and logistics services [2]. Financial Performance - On May 7, 2025, Proficient Auto announced its financial results for the first quarter ended March 31, 2025, reporting a 0.4% year-over-year decrease in total operating revenue to $95.2 million and a total operating loss of $2.4 million during the quarter [3].

Core Viewpoint - Robbins LLP is investigating Proficient Auto Logistics, Inc. for potential violations of securities laws and breaches of fiduciary duties by its officers and directors [1]. Group 1: Company Overview - Proficient Auto Logistics, Inc. operates in the auto transportation and logistics services sector in North America [1]. Group 2: Legal Investigation - The investigation by Robbins LLP aims to determine if there have been any breaches of fiduciary duties to shareholders by the company's executives [1]. - Shareholders who have incurred losses in their investments are encouraged to contact Robbins LLP for more information regarding their rights [2]. Group 3: Robbins LLP Background - Robbins LLP has been active in shareholder rights litigation since 2002, focusing on helping shareholders recover losses and improve corporate governance [3]. - The firm has successfully obtained over $1 billion for shareholders since its inception [3].

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].