{"id":690620,"date":"2022-09-30T06:33:08","date_gmt":"2022-09-30T10:33:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/daseke-announces-40-million-stock-repurchase-program\/"},"modified":"2022-09-30T06:33:08","modified_gmt":"2022-09-30T10:33:08","slug":"daseke-announces-40-million-stock-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/daseke-announces-40-million-stock-repurchase-program\/","title":{"rendered":"Daseke Announces $40 Million Stock Repurchase Program"},"content":{"rendered":"

\nBuyback authorization enables opportunistic cash deployment as part of a balanced capital allocation strategy
\n<\/h2>\n
\n

ADDISON, Texas, Sept. 30, 2022 (GLOBE NEWSWIRE) — Daseke, Inc. (NASDAQ: DSKE) (\u201cDaseke\u201d or the \u201cCompany\u201d), the premier North American transportation solutions specialist dedicated to servicing challenging industrial end-markets, announced today that its Board of Directors has approved a stock repurchase program, under which the Company is authorized to repurchase up to $40 million of its outstanding common stock.<\/p>\n

The Company intends to fund the repurchase program with cash on hand. The shares may be repurchased from time to time in open market transactions at prevailing market prices, or other means in accordance with federal securities laws, and may be repurchased pursuant to a Rule 10b5-1 trading plan.<\/p>\n

The timing, number, and value of shares repurchased under the program will be at management\u2019s discretion and will depend on a number of factors, including the market price of the Company\u2019s common stock, general market and economic conditions and applicable legal requirements. The program may be suspended, modified or discontinued by the Board at any time without prior notice.<\/p>\n

Jonathan Shepko, Chief Executive Officer of Daseke commented, \u201cThis repurchase program emphasizes our conviction in the value proposition of Daseke across market cycles and our commitment to deploying capital responsibly and opportunistically in support of initiatives that enhance shareholder value. Our approach to sizing this buy-back was an exercise in balancing a highly attractive repurchase opportunity with the necessary discipline to preserve our continued commitment to stakeholders around balance sheet strength.\u201d<\/p>\n

\n About Daseke, Inc. <\/strong>\n <\/p>\n

Daseke, Inc. is the premier North American transportation solutions specialist dedicated to servicing challenging industrial end-markets. Daseke offers comprehensive, best-in-class services to a diversified portfolio of many of North America\u2019s most respected industrial shippers. For more information, please visit www.daseke.com<\/a>.<\/p>\n

\n Forward\u2010Looking Statements<\/strong>\n <\/p>\n

This news release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201ccontinue,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cbelieve,\u201d \u201cplan,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cforecast,\u201d \u201cseek,\u201d \u201ctarget,\u201d \u201cpredict,\u201d and \u201cpotential,\u201d the negative of these terms, or other comparable terminology. These forward-looking statements are based on information available as of the date of this release, and current expectations, forecasts and assumptions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that the Company anticipates.\u00a0\u00a0 Accordingly, forward-looking statements should not be relied upon as representing the Company\u2019s views as of any subsequent date, and the Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Readers are cautioned not to place undue reliance on the forward-looking statements.<\/p>\n

Forward-looking statements are subject to risks and uncertainties (many of which are beyond our control) that could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, general economic and business risks, such as downturns in customers\u2019 business cycles, disruptions in capital and credit markets and inflationary cost pressures, the Company\u2019s ability to adequately address downward pricing and other competitive pressures, the Company\u2019s insurance or claims expense, driver shortages and increases in driver compensation or owner-operator contracted rates, fluctuations in the price or availability of diesel fuel, increased prices for, or decreases in the availability of, new revenue equipment and decreases in the value of used revenue equipment, impact to the Company\u2019s business and operations resulting from the COVID-19 pandemic, seasonality and the impact of weather and other catastrophic events, the Company\u2019s ability to secure the services of third-party capacity providers on competitive terms, loss of key personnel, a failure of the Company\u2019s information systems, including disruptions or failures of services essential to our operations or upon which our information technology platforms rely, data or other security breach, or cybersecurity incidents, the Company\u2019s ability to execute and realize all of the expected benefits of its integration, business improvement and comprehensive restructuring plans, the Company\u2019s ability to realize all of the intended benefits from acquisitions or investments, the Company\u2019s ability to complete divestitures successfully, the Company\u2019s ability to generate sufficient cash to service all of the Company\u2019s indebtedness and the Company\u2019s ability to finance its capital requirements, restrictions in its existing and future debt agreements, increases in interest rates, changes in existing laws or regulations, including environmental and worker health safety laws and regulations and those relating to tax rates or taxes in general, the impact of governmental regulations and other governmental actions related to the Company and its operations, and litigation and governmental proceedings. Additional risks or uncertainties that are not currently known to us, that we currently deem to be immaterial, or that could apply to any company could also materially adversely affect our business, financial condition, or future results. For additional information regarding known material factors that could cause our actual results to differ from those expressed in forward-looking statements, please see Daseke\u2019s filings with the Securities and Exchange Commission, available at www.sec.gov, including Daseke\u2019s most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, particularly the section titled \u201cRisk Factors.\u201d<\/p>\n

\n Investor Relations:<\/strong>\n <\/p>\n

Alpha IR Group
Joseph Caminiti or Ashley Gruenberg
312-445-2870
DSKE@alpha-ir.com<\/a><\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Buyback authorization enables opportunistic cash deployment as part of a balanced capital allocation strategy ADDISON, Texas, Sept. 30, 2022 (GLOBE NEWSWIRE) — Daseke, Inc. (NASDAQ: DSKE) (\u201cDaseke\u201d or the \u201cCompany\u201d), the premier North American transportation solutions specialist dedicated to servicing challenging industrial end-markets, announced today that its Board of Directors has approved a stock repurchase program, under which the Company is authorized to repurchase up to $40 million of its outstanding common stock. The Company intends to fund the repurchase program with cash on hand. The shares may be repurchased from time to time in open market transactions at prevailing market prices, or other means in accordance with federal securities laws, and may be repurchased pursuant to a Rule 10b5-1 … <\/p>\n

Continue reading “Daseke Announces $40 Million Stock Repurchase Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-690620","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDaseke Announces $40 Million Stock Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/daseke-announces-40-million-stock-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daseke Announces $40 Million Stock Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Buyback authorization enables opportunistic cash deployment as part of a balanced capital allocation strategy ADDISON, Texas, Sept. 30, 2022 (GLOBE NEWSWIRE) — Daseke, Inc. (NASDAQ: DSKE) (\u201cDaseke\u201d or the \u201cCompany\u201d), the premier North American transportation solutions specialist dedicated to servicing challenging industrial end-markets, announced today that its Board of Directors has approved a stock repurchase program, under which the Company is authorized to repurchase up to $40 million of its outstanding common stock. The Company intends to fund the repurchase program with cash on hand. The shares may be repurchased from time to time in open market transactions at prevailing market prices, or other means in accordance with federal securities laws, and may be repurchased pursuant to a Rule 10b5-1 … Continue reading "Daseke Announces $40 Million Stock Repurchase Program"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/daseke-announces-40-million-stock-repurchase-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-30T10:33:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1NjI2MyM1MTc5OTc4IzIwMjU4NzY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/daseke-announces-40-million-stock-repurchase-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/daseke-announces-40-million-stock-repurchase-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Daseke Announces $40 Million Stock Repurchase Program\",\"datePublished\":\"2022-09-30T10:33:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/daseke-announces-40-million-stock-repurchase-program\\\/\"},\"wordCount\":927,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/daseke-announces-40-million-stock-repurchase-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODY1NjI2MyM1MTc5OTc4IzIwMjU4NzY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/daseke-announces-40-million-stock-repurchase-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/daseke-announces-40-million-stock-repurchase-program\\\/\",\"name\":\"Daseke Announces $40 Million Stock Repurchase Program - 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