8legs: Proficient auto logistics, inc.

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Proficient Auto Logistics announces $15M buyback, Q1 Jan-Feb revenue ~ $55M

Proficient Auto Logistics reports preliminary Q1 Jan–Feb revenue near $55 million.
The board approved a $15 million share repurchase program.
January faced plant shutdowns and severe winter weather impacting revenue.
February revenue rebounded but remained below expectations.
February revenue was $6–8M short of expectations due to slower rail and sea recovery.
The buyback is funded by cash, revolver borrowings, and/or future cash flow.
CEO, President, and CFO to attend a Raymond James conference on March 4.
Presentation materials will be posted on the investor website.
The summary notes the information comes from the company's SEC filings.

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