Feb. 12 at 12:33 AM
$PAL Proficient Auto Logistics (NASDAQ: PAL) reported preliminary Q4 2024 financial results. Despite a weak industry, they saw a 4% increase in total operating revenue compared to Q3 2024, though a 15.9% decrease compared to Q4 2023. Adjusted operating income was
$1.7 million, up from
$1.1 million in Q3 but down from
$9.4 million in Q4 2023. Total units delivered were 521,476, up 4% from Q3 but down 4% from Q4 2023. CEO Rick O’Dell highlighted the company's progress in building an integrated national operating foundation and its strong balance sheet.
The report details the complexities of comparing 2024 results due to the company's IPO in May 2024 and the acquisition of several founding companies. Financial information is presented on a combined basis for the founding companies for both 2023 and 2024, while Proficient's own results are only included from the IPO date forward.