Proficient Reports Q3 2026 Results Driven by Hansen & Adkins Acquisition
Proficient (PAL) reported a significant increase in total operating revenue to $149 million for the third quarter of 2026, representing a 30.3% year-over-year growth. This surge was primarily driven by the acquisition of Hansen & Adkins, which contributed $51 million in revenue during its first seven weeks of ownership. Despite the top-line growth and a 38.6% increase in units delivered, adjusted EBITDA fell to $7.9 million from $11.9 million in the prior year due to fuel surcharge under-recovery and cost inflation. The company's comparable performance showed weakness, with revenue decreasing 15.7% excluding the acquisition effects. However, management has significantly raised synergy targets to between $20 million and $30 million. Looking ahead, Proficient provided Q4 revenue guidance of $180 million to $195 million and aims to reduce net leverage from 4x pro forma EBITDA to below 3x by the end of Q3 2027.
Tickers: $PAL
Topics: acquisition EBITDA decrease financial guidance revenue growth