)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Proficient Auto Logistics
Proficient Auto Logistics (PAL) investor relations material
Proficient Auto Logistics Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary10 Aug, 2026
Executive summary
Announced definitive agreement to acquire Hansen & Adkins for $130 million, positioning the company as North America's largest auto hauler and finished vehicle logistics platform, expanding scale, network, and customer reach.
Q2 2026 operating revenue was $109.4 million, down 5.3% year-over-year, with sequential improvement from Q1 2026; net loss was $3.9 million, and total units delivered decreased 8.0%.
Adjusted EBITDA for Q2 2026 was $7.7 million, up from $4.5 million in Q1 2026 but down from $11.3 million in Q2 2025; margin improvement noted as pricing actions took effect.
Several acquisitions completed, including Brothers Auto Transport and PVT Truck & Trailer Repair, further expanding capabilities.
Both companies share a strong safety and service culture, supporting smooth integration.
Financial highlights
Q2 2026 operating revenue: $109.4 million (down from $115.5 million in Q2 2025); net loss: $3.9 million; adjusted EBITDA: $7.7 million; adjusted EBITDA margin: 7.0%.
Adjusted operating ratio for Q2 2026 was 99.5%, up from 96.7% in Q2 2025.
Cash and equivalents at June 30, 2026: $8.1 million; net debt at quarter end: $62.3 million; net leverage ratio: 2.1x trailing 12-month adjusted EBITDA.
Equipment CapEx remained light at under $5 million year-to-date; property & equipment, net, decreased to $102.9 million.
Q2 2026 basic and diluted loss per share: $(0.14); effective tax rate: 17.9%.
Outlook and guidance
Second half 2026 revenue expected between $350 million and $370 million, with operating ratios near 97% and EBITDA margins of 8%-9%.
Synergies from the Hansen & Adkins acquisition anticipated to begin in 2027, with further margin improvement expected.
Q3 2026 revenue projected to be flat to slightly up sequentially, with improved profitability.
Combined entity expected to generate over $800 million in revenue and $60-$65 million in EBITDA on a trailing 12-month basis.
Management is reassessing equipment CAPEX for the remainder of 2026, leveraging combined resources.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Proficient Auto Logistics
- Tightening capacity and strong OEM ties drive growth and value for this auto logistics leader.PAL
Investor presentation - Q1 2026 revenue fell 1.6% to $93.7M, with higher losses but improved unit deliveries and market share.PALQ1 2026
- Annual Meeting to vote on directors, auditor, and eliminating supermajority voting.PALProxy filing
- Annual Meeting to vote on directors, auditor, and eliminating supermajority voting requirements.PALProxy filing
- Double-digit revenue growth, expanded network, and strong cash flow drive future M&A potential.PALInvestor presentation
- Double-digit revenue growth and strategic acquisitions drive expansion in a volatile auto market.PALInvestor presentation
- 2025 revenue rose 10.7% to $430.4M, but goodwill impairment led to a $33.4M net loss.PALQ4 2025
- Q3 revenue dropped 12.5% to $91.5M, with a $1.4M net loss amid industry and integration headwinds.PALQ3 2024
- Q2 revenue up 5.8%, adjusted income up 19.4%, and ATG acquisition to add 8% to revenue.PALQ2 2024
Next Proficient Auto Logistics earnings date
Q3 202612 Nov, 2026
Proficient Auto Logistics
Next Proficient Auto Logistics earnings date
Q3 202612 Nov, 2026
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Proficient Auto Logistics, Inc. (PAL) specializes in providing auto transportation and logistics services across North America. The company's primary focus is on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a comprehensive network of automotive dealerships. Headquartered in Jacksonville, Florida, Proficient Auto Logistics, Inc. is traded on the NASDAQ.