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DASEKEⓇ Daseke Reports Record Results for Second Quarter of 2021 and Raises 2021 Outlook Strong operational execution and improving demand combine to drive record quarterly Operating Ratio and Adjusted EBITDA Addison , Texas - August 3 , 2021 – Daseke , Inc. ( NASDAQ : DSKE ) ( " Daseke " or the " Company " ) , the largest flatbed , specialized transportation and logistics solutions company in North America , today reported financial results for the quarter ended June 30 , 2021 . Second Quarter 2021 Highlights : Revenue of $ 404.0 million Net income of $ 35.3 million , or $ 0.49 per diluted share attributable to common stockholders , compared to $ 1.6 million in last year's second quarter Record Adjusted Net Income ex - Aveda of $ 30.2 million , or $ 0.42 per diluted share attributable to common stockholders ● ● Record Adjusted EBITDA of $ 69.2 million O Results up 20 % compared to prior quarterly record of $ 57.6 million in Q3 2020 Cash flows from operating activities of $ 28.6 million and Free Cash Flow of $ 32.3 million Delivered record Operating Ratio ( " OR " ) of 88.8 % and record Adjusted Operating Ratio of 88.0 % Raising Full Year 2021 Outlook O O Revenue range of $ 1.5 billion to $ 1.6 billion , up 6.9 % from previous range Adjusted EBITDA range of $ 200 million to $ 210 million , up 20.6 % from previous range Management Commentary " We are pleased to report record results for our second quarter and announce an increase in our revenue and Adjusted EBITDA outlook for 2021. Over the last two years we have worked diligently to integrate and transform our operations . Because of these efforts , we were able to recruit drivers , seat trucks and optimize our network efficiency , while constructively working with our customers to align on the right balance between rates and needed capacity . It is the partnership we have with our customers , the work ethic of our driver community and the relentless focus on execution by our OpCo management teams that underpinned this resounding improvement in our year - over - year , quarterly Adjusted EBITDA of more than 50 % . “ Our ability to deliver several consecutive quarters of solid financial results , our record outperformance of this second quarter 2021 and the increase in our 2021 financial outlook each demonstrates the momentum and success of our strategy , " said Jonathan Shepko , Chief Executive Officer of Daseke . Second Quarter 2021 Financial Results Total revenue in the second quarter of 2021 increased 14.9 % to $ 404.0 million , compared to $ 351.7 million in the year ago quarter . Excluding the impact of the Aveda Transportation and Energy Services ( " Aveda " ) business to 2020 , second quarter revenue increased by 18.2 % . This year - over - year increase in revenue was driven primarily by record freight rates in the Flatbed segment . Operating income in the second quarter of 2021 was $ 45.3 million , compared to operating income of $ 12.4 million in the year - ago quarter . The change in operating income was primarily driven by a rate environment in the Flatbed segment that has returned to pre - pandemic levels , lower salaries stemming from prior fleet rationalization efforts , Page 1 of 21