Proficient Auto Logistics . Common Stock Stock Earnings Reports

Proficient Auto Logistics reported weaker-than-expected first quarter 2026 results driven by extended plant shutdowns, severe winter weather, slow recovery in rail/sea pipelines, and a March spike in diesel fuel costs that created a timing mismatch with fuel surcharge recoveries. Revenue for Q1 was $93.7 million, down 1.6% year-over-year, while units delivered rose 1.5% to 501,850 (implying market share gains versus a softer SAAR). Adjusted EBITDA fell to $4.5 million from $7.8 million year-over-year. The company reduced total debt by $5.3 million and repurchased ~82.9k shares. Management sees improving volume trends in March and April, tighter capacity as smaller carriers exited and drivers migrated to higher-paying general trucking, and believes this is a turning point that should support improved pricing and a more balanced market. Q2 revenue is guided to $105–$110 million (down 4–9% vs. Q2 2025), with adjusted EBITDA margin expected to remain between 8% and 10% (similar to last year). Fuel surcharge timing hurt roughly $1 million of Q1 profit, but indexes should catch up in Q2. The company is prioritizing disciplined contract pursuit, aggressive hiring of company drivers, utilization improvements, cost control (notably fuel and fleet expenses), low 2026 capital spend (under $10M), and continued deleveraging as working capital normalizes.