Overview
- IndustryRetail-Auto Dealers & Gasoline Stations1
- HeadquartersPhoenix, Arizona1
- Incorporated inDE2
- Business address2075 West Pinnacle Peak Rd. Suite 130, Phoenix, Az 850272
- Filer category, Emerging growth company2
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EVO Transportation & Energy Services, Inc. (“EVO” and, together with its direct and indirect subsidiaries, the “Company”) is a truckload carrier serving the United States Postal Service (“USPS”) and other customers. We believe EVO is one of the largest surface transportation companies serving the USPS, with a diversified fleet of tractors, straight trucks and other vehicles that currently operate on either diesel fuel, gasoline or compressed natural gas (“CNG”). EVO also operates a brokerage unit that supports the truckload business and services other corporate customers. In select cases, EVO may subcontract the transportation of certain loads to third-party carriers. We operate from our headquarters in Phoenix, Arizona and from numerous terminals throughout the United States.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Other costs89¢$275.4M
- Interest11¢$33.7M
- Income tax0¢$662.0K
Out of $309.8M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2022
- Kept or used elsewhere100¢$10.6M
Out of $10.6M of cash from operations.5
Financial statements
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenue | $482.9K6 | $2.1M7 | $25.6M8 | $179.1M9 | $229.3M10 | $304.0M5 | $309.8M5 |
| Cost of revenue | $281.4K6 | $1.5M6 | |||||
| Gross profit | $201.5K6 | $597.0K6 | |||||
| Operating expenses | $284.8M5 | $313.5M5 | |||||
| Operating income | -$2.9M6 | -$7.4M7 | -$6.1M8 | -$30.5M9 | -$22.5M10 | $19.3M5 | -$3.8M5 |
| Interest | $375.5K14 | $32.4K7 | $1.9M8 | $7.7M9 | $15.0M10 | $12.7M5 | $33.7M5 |
| Income before tax | $15.8M5 | -$17.6M5 | |||||
| Income tax | $71.3K6 | -$71.3K7 | -$5.4M9 | $206.0K10 | $1.5M5 | $662.0K5 | |
| Net income | -$2.9M6 | -$1.4M11 | -$6.6M8 | -$32.7M9 | -$46.8M10 | $14.3M5 | -$18.2M5 |
| Earnings per share | -$9.256 | -$23.096 | -$2.2610 | $0.455 | -$0.115 | ||
| Earnings per share (diluted) | -$9.256 | -$23.096 | -$2.2610 | $0.445 | -$0.115 | ||
| Shares (weighted, basic) | 30.5M shares5 | 171.7M shares5 | |||||
| Shares (weighted, diluted) | 33.4M shares5 | 171.7M shares5 |
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash | $24.9K7 | $83.9K7 | $1.6M7 | ||||
| Receivables | $22.7M5 | $11.7M5 | |||||
| Current assets | $51.7K6 | $884.0K7 | $8.6M8 | $20.2M9 | $43.0M10 | $31.5M5 | $32.2M5 |
| Property, plant and equipment | $28.0M5 | $20.3M5 | |||||
| Goodwill | $23.8M5 | $23.8M5 | |||||
| Intangible assets | $4.2M5 | $3.3M5 | |||||
| Total assets | $1.3M6 | $9.3M7 | $22.7M8 | $111.7M9 | $142.3M10 | $126.5M5 | $125.7M5 |
| Accounts payable | $16.2M5 | $14.7M5 | |||||
| Short-term debt | $33.2M5 | $30.0M5 | |||||
| Current liabilities | $2.6M6 | $7.5M7 | $23.0M8 | $86.4M9 | $141.9M10 | $125.9M5 | $99.4M5 |
| Long-term debt | $1.1M6 | $21.7M6 | $6.0M8 | $12.0M9 | $3.4M10 | $4.0M5 | $6.1M5 |
| Long-term liabilities | $42.7M5 | $42.0M5 | |||||
| Total liabilities | $5.3M6 | $22.1M7 | $34.1M8 | $122.9M9 | $201.4M10 | $168.6M5 | $141.4M5 |
| Retained earnings | -$87.4M5 | -$105.6M5 | |||||
| Shareholders’ equity | -$4.0M7 | -$14.2M8 | -$11.7M9 | -$12.7M10 | -$67.3M5 | -$50.9M5 | -$15.7M5 |
| Shares outstanding | 317.2K shares6 | 429.3K shares7 | 2.3M shares8 | 12.1M shares9 | 13.0M shares10 | 15.2M shares5 | 436.3M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$637.0K6 | -$891.4K7 | -$6.8M8 | -$15.2M9 | -$10.0M10 | $23.5M5 | $10.6M5 |
| Depreciation and amortization | $15.2M5 | $16.2M5 | |||||
| Stock-based compensation | $577.0K5 | $130.0K5 | |||||
| Capital spending | $41.5K6 | $18.0K7 | |||||
| Free cash flow | -$678.5K | -$6.8M | |||||
| Cash from investing | -$7.1M5 | -$93.0K5 | |||||
| Cash from financing | -$35.7M5 | -$2.4M5 |
Compare EVO Transportation & Energy Services, Inc. with another company
Corporate structure
EVO Transportation & Energy Services, Inc. sits at the top of its group. 22 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of EVO Transportation & Energy Services, Inc.
- Antara Capital LP Filed SC 13D/A on EVO Transportation & Energy Services, Inc., latest Dec 28, 2022 (10 filings since Feb 17, 2022)
- EVO Transportation & Energy Services, Inc. Phoenix, Arizona
- Courtlandt and Brown Enterprises L.L.C. Subsidiary · New Jersey, United States
- Environmental Alternative Fuels, LLC (subsidiary of EVO Holding Company, LLC Subsidiary · Delaware, United States
- EVO CNG, LLC (subsidiary of Environmental Alternative Fuels, LLC) Subsidiary · Delaware, United States
- EVO Equipment Leasing, LLC Subsidiary · Delaware, United States
- EVO Holding Company, LLC Subsidiary · Delaware, United States
- EVO Logistics, LLC Subsidiary · Delaware, United States
- EVO Services Group, LLC Subsidiary · Delaware, United States
- Finkle Transport Inc. Subsidiary · New Jersey, United States
- J.B. Lease Corporation (subsidiary of EVO Equipment Leasing, LLC) Subsidiary · Wisconsin, United States
- Johmar Leasing Company, LLC (subsidiary of EVO Holding Company, LLC) Subsidiary · Maryland, United States
- John W. Ritter Trucking, Inc. (subsidiary of EVO Holding Company, LLC) Subsidiary · Maryland, United States
- Ritter Transport, Inc. (subsidiary of EVO Holding Company, LLC) Subsidiary · Maryland, United States
- Ritter Transportation Systems, Inc. (subsidiary of EVO Holding Company, LLC) Subsidiary · Maryland, United States
- Sheehy Mail Contractors, Inc. Subsidiary · Wisconsin, United States
- Thunder Ridge Transport, Inc. Subsidiary · Missouri, United States
- Titan Blaine LLC (subsidiary of Titan CNG LLC) Subsidiary · Minnesota, United States
- Titan CNG LLC Subsidiary · Delaware, United States
- Titan Diamond Bar LLC (subsidiary of Titan CNG LLC) Subsidiary · Delaware, United States
- Titan El Toro LLC (subsidiary of Titan CNG LLC) Subsidiary · Delaware, United States
- Ursa Major Corporation Subsidiary · Wisconsin, United States
- W.E. Graham, Inc. Subsidiary · Tennessee, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What EVO Transportation & Energy Services, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $49.9M5 Dec 31, 2022 | $50.1M5 Dec 31, 2021 | −0.4% |
| Accumulated depreciation | $29.6M5 Dec 31, 2022 | $22.1M5 Dec 31, 2021 | +33.8% |
| Property and equipment, net | $20.3M5 Dec 31, 2022 | $28.0M5 Dec 31, 2021 | −27.4% |
| Finance-lease assets | $31.1M5 Dec 31, 2022 | $24.4M5 Dec 31, 2021 | +27.4% |
| Operating-lease assets (leased space) | $7.5M5 Dec 31, 2022 | $7.2M5 Dec 31, 2021 | +5.2% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $23.8M5 Dec 31, 2022 | $23.8M5 Dec 31, 2021 | 0% |
| Indefinite-lived intangibles (excluding goodwill) | $05 Dec 31, 2022 | $05 Dec 31, 2021 | |
| Finite-lived intangibles, gross | $7.3M5 Dec 31, 2022 | $7.3M5 Dec 31, 2021 | 0% |
| Accumulated amortization | $4.0M5 Dec 31, 2022 | $3.2M5 Dec 31, 2021 | +27.3% |
| Finite-lived intangibles, net | $3.3M5 Dec 31, 2022 | $4.2M5 Dec 31, 2021 | −20.6% |
Leadership
Who has led EVO Transportation & Energy Services, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerMichael John Bayles Oct 5, 2023 to Oct 5, 202315
- Chief executive officerThomas J. Abood Sep 3, 2021 to Sep 3, 202116
- Chief executive officerJohn Peter Yeros Nov 28, 2016 to Oct 17, 201817
- PresidentKris Kohls Mar 10, 2023 to Aug 30, 202318
- PresidentDamon R. Cuzick Sep 3, 2021 to Sep 3, 202119
- PresidentKirk S. Honour Nov 28, 2016 to Nov 28, 201620
- PresidentRichard E. Gilbert Feb 8, 2011 to Nov 2, 201621
- Chief financial officerBruce Kalem Mar 10, 2023 to Mar 10, 202322
- Chief financial officerJames R. Faught Aug 30, 2023 to Oct 4, 202323
- Chief financial officerEugene S. Putnam Jr. Sep 3, 2021 to Sep 3, 202124
- Chief financial officerMichael Zientek Oct 2, 2018 to Oct 2, 201825
- Chief financial officerRandy Gilbert Nov 28, 2016 to Nov 29, 201626
- Chief financial officerGreyton Becker Feb 8, 2011 to Feb 8, 201127
- Chief operating officerKris Kohls Mar 10, 2023 to Aug 30, 202318
- Chief operating officerDamon R. Cuzick Sep 3, 2021 to Sep 3, 202128
- Chief operating officerJohn P. Sheehy Oct 25, 2018 to Oct 25, 201829
Board members and other officers (19)
- Exec. VP, Gen. Counsel & Secy.Melinda Wang Mar 10, 2023 to Aug 28, 202330
- SVP, Chief Accounting OfficerRaj Kapur Jun 24, 2022 to Aug 31, 202331
- Exec VP, Gen. Counsel & SecyPatrick Seul Jun 29, 2021 to Sep 3, 202132
- Chief Administrative OfficerRonald Scott Wheeler Sep 3, 2021 to Sep 3, 202133
- ControllerAmy L. Harp Sep 8, 2021 to Sep 8, 202134
- EVP, Business DevelopmentBilly L. Peck Jr. Sep 8, 2021 to Aug 29, 202335
- Board memberRaphael A. Posner Mar 14, 2023 to Mar 14, 202336
- Board memberChetan Bansal Mar 22, 2023 to Mar 22, 202337
- Board memberMichael John Bayles Jun 30, 2022 to Oct 5, 202338
- Board memberTony Coelho Sep 3, 2021 to Jun 27, 202339
- Board memberAlexandre Zyngier Dec 14, 2021 to Jul 13, 202340
- Board memberHimanshu Gulati Sep 27, 2019 to Oct 18, 201941
- Board memberArthur B. Laffer Oct 12, 2018 to Oct 12, 201842
- Board memberRonald Scott Wheeler Oct 19, 2018 to Sep 3, 202143
- Board memberScott Honour Nov 28, 2016 to Nov 28, 201644
- Board memberThomas J. Abood Nov 28, 2016 to Sep 3, 202145
- Board memberAaron W. Soderberg Feb 8, 2011 to Feb 8, 201146
- Board memberGreyton Becker Feb 8, 2011 to Feb 8, 201127
- Board memberRichard E. Gilbert Feb 8, 2011 to Nov 2, 201621
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Courtlandt and Brown Enterprises L.L.C. New Jersey3
- EVO CNG, LLC (subsidiary of Environmental Alternative Fuels, LLC) Delaware3
- EVO Equipment Leasing, LLC Delaware3
- EVO Holding Company, LLC Delaware3
- EVO Logistics, LLC Delaware3
- EVO Services Group, LLC Delaware3
- Environmental Alternative Fuels, LLC (subsidiary of EVO Holding Company, LLC Delaware3
- Finkle Transport Inc. New Jersey3
- J.B. Lease Corporation (subsidiary of EVO Equipment Leasing, LLC) Wisconsin3
- Johmar Leasing Company, LLC (subsidiary of EVO Holding Company, LLC) Maryland3
- John W. Ritter Trucking, Inc. (subsidiary of EVO Holding Company, LLC) Maryland3
- Ritter Transport, Inc. (subsidiary of EVO Holding Company, LLC) Maryland3
- Ritter Transportation Systems, Inc. (subsidiary of EVO Holding Company, LLC) Maryland3
- Sheehy Mail Contractors, Inc. Wisconsin3
- Thunder Ridge Transport, Inc. Missouri3
- Titan Blaine LLC (subsidiary of Titan CNG LLC) Minnesota3
- Titan CNG LLC Delaware3
- Titan Diamond Bar LLC (subsidiary of Titan CNG LLC) Delaware3
- Titan El Toro LLC (subsidiary of Titan CNG LLC) Delaware3
- Ursa Major Corporation Wisconsin3
- W.E. Graham, Inc. Tennessee3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- MINN SHARES INCDec 10, 2010 to Aug 14, 20172
Timeline
- Mar 5, 20248-K Entered a material agreement47
- Jan 5, 20248-K Entered a material agreement48
- Dec 26, 20238-K Other events49
- Dec 8, 20238-K Executive or director change50
- Oct 5, 2023New chief executive Michael John Bayles becomes CEO15
- Sep 8, 20238-K Executive or director change51
- Sep 7, 20238-K Other events52
- Aug 30, 20238-K Executive or director change; Regulation FD disclosure53
- Jul 26, 20238-K Entered a material agreement54
- Jul 17, 20238-K Executive or director change55
- Jun 29, 20238-K Executive or director change56
- Jun 21, 20238-K Entered a material agreement57
- Jun 5, 20238-K Executive or director change58
- Sep 3, 2021New chief executive Thomas J. Abood becomes CEO16
- Nov 28, 2016New chief executive John Peter Yeros becomes CEO17
Filings
91 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 32 major events, 25 insider forms, 10 large holders, 12 other. The latest 20:
- Mar 11, 202415-12G EDGAR
- Mar 5, 20248-K EDGAR
- Jan 5, 20248-K EDGAR
- Dec 26, 20238-K EDGAR
- Dec 8, 20238-K EDGAR
- Nov 16, 202310-K EDGAR
- Nov 15, 2023NT 10-Q EDGAR
- Oct 5, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Oct 4, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Sep 8, 20238-K EDGAR
- Sep 7, 20238-K EDGAR
- Aug 31, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 30, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 30, 20233 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 30, 20238-K EDGAR
- Aug 29, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 28, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 22, 202310-Q EDGAR
- Aug 14, 2023NT 10-Q EDGAR
- Jul 26, 20238-K EDGAR
The 91 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Antara Capital LPSC 13D/A, 10 filings Feb 17, 2022 to Dec 28, 202259
SEC filer profile
How EVO Transportation & Energy Services, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAREVO Transportation & Energy Services, Inc.1
- CIK0000728447
- Employer ID (EIN)37-16158501
- Filer status<br>emerging growth company1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)5500 Retail-Auto Dealers & Gasoline Stations1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address2075 West Pinnacle Peak Rd. Suite 130, Phoenix, AZ 850271
- Phone877-973-91911
- Shares outstanding435,200,219 as of Nov 15, 20235
- Public float$36.8M as of Jun 30, 20235
- On EDGAR sinceDec 10, 20101
- Filings277 in all: 8-K (73), 4 (37), 10-Q (36), 3 (31), NT 10-Q (20), SC 13D/A (15), 10-K (13), 8-K/A (8)1
All 26 form types
NT 10-K (7), UPLOAD (6), CORRESP (4), D (4), D/A (3), SC 13G (3), 10-12G/A (2), 10-K/A (2), DEF 14C (2), PRE 14C (2), SC 13D (2), 10-12G (1), 15-12G (1), 3/A (1), 4/A (1), RW (1), S-1 (1), SC 13G/A (1)
- Latest filingsAnnual report (10-K) Nov 16, 2023
Quarterly report (10-Q) Aug 22, 2023
Latest 8-K (8-K) Mar 5, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARKris Kohls, President
- 19SEC EDGARDamon R. Cuzick, President
- 20SEC EDGARKirk S. Honour, President
- 21SEC EDGARRichard E. Gilbert, President
- 22SEC EDGARBruce Kalem, Chief financial officer
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- 34SEC EDGARAmy L. Harp, Controller
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- 36SEC EDGARRaphael A. Posner, Board member
- 37SEC EDGARChetan Bansal, Board member
- 38SEC EDGARMichael John Bayles, Board member
- 39SEC EDGARTony Coelho, Board member
- 40SEC EDGARAlexandre Zyngier, Board member
- 41SEC EDGARHimanshu Gulati, Board member
- 42SEC EDGARArthur B. Laffer, Board member
- 43SEC EDGARRonald Scott Wheeler, Board member
- 44SEC EDGARScott Honour, Board member
- 45SEC EDGARThomas J. Abood, Board member
- 46SEC EDGARAaron W. Soderberg, Board member
- 47SEC EDGAREntered a material agreement
- 48SEC EDGAREntered a material agreement
- 49SEC EDGAROther events
- 50SEC EDGARExecutive or director change
- 51SEC EDGARExecutive or director change
- 52SEC EDGAROther events
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- 54SEC EDGAREntered a material agreement
- 55SEC EDGARExecutive or director change
- 56SEC EDGARExecutive or director change
- 57SEC EDGAREntered a material agreement
- 58SEC EDGARExecutive or director change
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