Barnhart Group, Inc. Provides Corporate and Industry Update

NORTH EAST, PA, June 12, 2026 – Barnhart Group, Inc. (“Barnhart Group” or the “Company”), a growth-oriented transportation services company specializing in the full-service logistics market, today provided a shareholder update highlighting continued operational progress and strong financial performance through April 2026.

Barnhart Group is a family of transportation companies operating across asset-based truckload, freight brokerage, specialized heavy haul, international forwarding, fleet maintenance, and equipment leasing service lines. The Company’s current operating divisions include Barnhart Transportation, Barnhart Logistics, Barnhart Specialized, Barnhart Fleet Maintenance, Barnhart Driveaway, Barnhart Global, Route 20 Tank Wash, and Legend Equipment Leasing. Financial results presented herein reflect the consolidated performance of all operating divisions, excluding discontinued operations.

April 2026 – Consolidated Financial Results

Barnhart Group delivered its strongest consolidated monthly revenue result in April 2026 since the SMGI transaction was completed in July 2023, with continued improvement experienced across gross margin and Adjusted Operating EBITDA. April’s results reflect the continued execution of the Company’s “One Goal, One Team, One Vision” strategic framework and the sustained benefit of a tightening freight market.

Revenue

Consolidated Revenue – April 2026: $8.18 million, representing a 12.2% increase versus April 2025 ($7.29 million) and the highest consolidated monthly revenue result since the SMGI transaction was completed in July 2023.

Year-to-Date Consolidated Revenue (January – April 2026): $28.0 million, an increase of 8.0% compared to the same period in 2025 ($25.9 million).
Last Twelve Months (LTM) Consolidated Revenue: $82.9 million.

Last Twelve Months (LTM) Consolidated Revenue: $82.9 million.

Gross Profit and Margin

Consolidated Gross Profit – April 2026: $1.51 million, representing a gross margin of 18.4% on a consolidated basis for the month of April. This marks the fifth consecutive month above 16% gross margin and reflects continued improvement in revenue quality and pricing recovery across the Company’s asset-based service lines.

Year-to-Date Consolidated Gross Profit (January – April 2026): $4.55 million at a YTD consolidated gross margin of 16.2%, compared to a gross profit of approximately $4.55 million or 17.5% gross margin% for the same period in 2025.

Last Twelve Months (LTM) Consolidated Gross Profit (ex. Depreciation): $13.5 million at an LTM gross margin of 16.2%, reflecting a positive trajectory from the depressed margin environment of the second half of 2025 to the sustained recovery evident through April 2026.

Adjusted Operating EBITDA

Consolidated Adjusted Operating EBITDA – April 2026: $581,551, representing a margin of 7.1% — sustaining the same EBITDA margin percentage achieved in March 2026 and marking the second consecutive month at or above the 7% margin threshold.

Year-to-Date Adjusted Operating EBITDA (January – April 2026): $1.21 million at a 4.3% margin, compared to $1.04 million for the same period in 2025, representing a 16.9% year-over-year improvement.

Last Twelve Months (LTM) Consolidated Adjusted Operating EBITDA: $1.72 million at an LTM margin of 2.1%, reflecting the meaningful recovery in profitability over the last two months of March 2026 and April 2026 as the freight market has strengthened and the Company’s cost structure has improved.

Consolidated Revenue by Operating Division – April 2026

The following presents consolidated, intercompany-eliminated revenue by operating division for April 2026.

• Barnhart Transportation: $4,374,784 — flatbed, heavy haul, liquid bulk, and dry bulk operations
• Barnhart Logistics: $1,958,341 — domestic freight brokerage
• Barnhart Specialized: $1,306,022 — flatbed and super-heavy freight (Texas-based)
• Barnhart Fleet Maintenance: $540,619 — fleet maintenance and repair services
• Barnhart Driveaway: $203,208 — non-asset power-only logistics
• Barnhart Global: $77,627 — international freight forwarding (NVOCC)
• Route 20 Tank Wash: $42,088 — tanker cleaning services
• Legend Equipment Leasing: $38,426 — equipment leasing
• Total Consolidated Revenue (after intercompany eliminations): $8,182,127

Freight Market Conditions – Sustained Recovery

The DAT Load-to-Truck Ratio — an industry-standard metric measuring freight demand relative to available truck capacity — registered 72.26 in April 2026. While this represents a modest pullback from the March 2026 peak of 76.45, the April reading remains significantly elevated relative to the depressed conditions of 2025. The sustained upward trend since November 2025 (18.99 → 27.52 → 40.53 → 57.11 → 76.45 → 72.26) is indicative of a durable market recovery rather than a temporary spike. Management believes continued tightening of truck supply relative to freight demand will support ongoing improvement in carrier pricing across most transportation modes through 2026.

Cost Management and Operational Discipline

The Company’s cost management initiatives continued to yield positive results in April 2026:

• Consolidated gross margin of 18.4% in April 2026 represents a sustained improvement from the sub-13%
levels observed in early 2025, reflecting improved revenue quality, pricing recovery, and continued
discipline in direct costs.

• Total consolidated operating expense of $925,301 in April 2026 reflects continued discipline in headcount
and overhead management — a decrease of $90,339 versus April 2025 ($1,015,640) despite significantly
higher revenue.

• Days Sales Outstanding (DSO) improved to 41 days in April 2026, down from 43 days in March 2026 and
substantially improved from 51 days in November 2025, reflecting continued progress in accounts
receivable management and collections efficiency.

• Days Payables Outstanding (DPO) was 42 days in April 2026, reflecting the Company’s continued
commitment to maintaining vendor relationships on normalized payment terms.

Debt Reduction and Balance Sheet

The Company continued to make progress managing its debt profile and liquidity position through April 2026:

• GRC Term Loan: Outstanding principal reduced to $13.12 million as of April 30, 2026, down from
$15.97 million in May 2025 — a reduction of $2.85 million over the trailing twelve-month period through
continued scheduled amortization and strategic principal payments.

• Secured Line of Credit: $6.42 million drawn from the Company’s $12 million revolving credit facility,
preserving meaningful liquidity headroom for operational needs and growth investments.

• Seller Note: $3.01 million outstanding.

• Total Debt: $22.65 million as of April 30, 2026.

• Cash: $916,847 as of April 30, 2026.

Strategic Initiative Progress

“One Goal, One Team, One Vision”

The Company’s unifying strategic framework continues to produce tangible results across the organization:

• Increased collaboration and resource-sharing across all strategic business units and terminal locations continues to drive improved load dispatch and asset utilization across the Company’s diversified fleet.

• The Race to Ten initiative — the Company’s internal growth program targeting $10 million in monthly consolidated revenue — continued to drive team engagement, with April 2026’s $8.18 million consolidated revenue result representing the Company’s highest monthly revenue to date since the SMGI transaction was completed in July 2023.

Barnhart Specialized – Texas Platform Growth

Barnhart Specialized, the Company’s Texas-based flatbed and super-heavy freight division, generated $1.31 million in consolidated revenue in April 2026 and $3.75 million year-to-date through April 2026. The division’s LTM revenue has reached $12.23 million, establishing Barnhart Specialized as a meaningful and growing contributor to the consolidated enterprise. Management believes this division has significant additional runway as federal and state infrastructure investment continues to drive elevated demand for specialized transportation services.

Technology and Operational Excellence

• Real-time performance metrics and digital displays remain fully deployed across all operational facilities, providing management with enhanced visibility into daily operating performance.
• The Company continues to advance its internally-developed Robotic Process Automation and AI solutions program, targeting efficiency improvements in dispatch, billing, and carrier management workflows.
• The Company has continued to grow its customer base in 2026, building on the 237 new customers added since January 1, 2025, which collectively generated over 2,300 orders and approximately $4.0 million in revenue.

Industry Outlook and Market Conditions

The U.S. transportation and logistics market continues its recovery through the first four months of 2026:

• The DAT Load-to-Truck Ratio of 72.26 in April 2026 remains significantly elevated relative to late 2025, consistent with continued tightening of available truck capacity relative to shipper demand — which
historically precedes upward pressure on carrier rates.

• Consolidated revenue of $8.18 million in April 2026 compared to $7.29 million in April 2025, an increase of 12.2% year-over-year, reflecting both volume growth and an improving rate environment
across the Company’s asset-based and asset-light service lines

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• Consolidated gross margin of 18.4% in April 2026 was consistent with April 2025 (18.4%), reflecting stable direct cost management. Notably, the absolute gross profit dollars increased from $1.34 million in
April 2025 to $1.51 million in April 2026 — a $166,000 improvement — driven entirely by the increase in revenue on a comparable direct cost structure.

• Consolidated Adjusted Operating EBITDA improved to $581,551 (7.1% margin) in April 2026 from $326,807 (4.5% margin) in April 2025, a year-over-year improvement of $254,744 (+77.9%). This
improvement was driven primarily by a $90,339 reduction in operating expenses (from $1,015,640 in April 2025 to $925,301 in April 2026), reflecting the sustained benefit of the Company’s cost reduction
initiatives implemented throughout 2024 and 2025.

• Continued federal and state infrastructure investment is driving demand for specialized transportation services, directly benefiting Barnhart Specialized and Barnhart Transportation’s heavy haul operations.

• Tariff-related uncertainty is creating some freight flow disruption in certain trade lanes; however, management believes Barnhart Group’s diversified geographic footprint and multi-modal service capabilities position the Company to benefit from resulting freight routing changes. Management believes the freight market recovery evident throughout Q1 and into Q2 2026 supports continued improvement in revenue, margins, and cash generation through the remainder of the year.

Management believes the freight market recovery evident throughout Q1 and into Q2 2026 supports continued improvement in revenue, margins, and cash generation through the remainder of the year.

2026 Outlook

Based on the Company’s financial results through April 2026 and the improving freight market environment, management provides the following forward-looking commentary:

• Revenue Growth: April 2026’s consolidated revenue of $8.18 million, combined with the strengthening freight rate environment and continued growth of Barnhart Specialized, supports management’s
expectation of continued organic revenue growth across all operating divisions through the remainder of 2026. The Company’s LTM consolidated revenue of $82.9 million reflects the growing scale of the
enterprise.

• Profitability: Two consecutive months at or above 7% Adjusted Operating EBITDA margin, combined with gross margins sustained above 18%, support management’s expectation of continued profitability
improvement through the remainder of 2026 as pricing power recovers and operating leverage builds on a growing revenue base.

• Balance Sheet: The Company remains committed to continued reduction of the GRC Term Loan through operational cash generation. The $2.85 million reduction in term debt over the trailing twelve months
through April 2026 reflects this commitment, and management expects continued progress on debt reduction through the remainder of 2026.

• Market Environment: The DAT Load-to-Truck Ratio remaining above 72 through April 2026 supports management’s view that freight market conditions will remain constructive for asset-based carriers
through 2026, with rate improvement expected to continue flowing through to carrier revenue across most transportation modes.

Stockholder Value Creation

The Company’s board of directors and management remain committed to creating sustainable stockholder value through operational excellence and strategic growth initiatives. As previously communicated, the board continues to evaluate various options for enhancing stockholder liquidity, including:

• Re-listing on a national securities exchange

• Strategic partnerships or merger opportunities

• Private equity recapitalization

• Management buyout alternatives

These evaluations will continue as the Company’s financial performance and market conditions evolve throughout 2026. No assurances can be given that any particular transaction or liquidity event will occur.

Looking Forward

Barnhart Group enters May 2026 having delivered its strongest consolidated monthly revenue result since the SMGI transaction was completed in July 2023. The momentum demonstrated across revenue, gross margin, and EBITDA through the first four months of 2026 — against the backdrop of an improving freight market — reflects the strength of the Company’s diversified platform and the effectiveness of the strategic and operational initiatives implemented since July 2023. The Company’s focus remains on executing its growth strategy, optimizing its asset base and service offerings, and maintaining the operational discipline that distinguishes Barnhart Group in the marketplace.

Management expects that the combination of the Company’s diversified platform, improving freight market conditions, a strengthening rate environment, and an experienced leadership team and workforce positions
Barnhart Group for sustained financial performance and stockholder value creation through 2026 and beyond.

About Barnhart Group, Inc.

Barnhart Group, Inc. is a growth-oriented transportation services company specializing in the full-service logistics market. As a family of transportation companies, Barnhart Group offers comprehensive logistics solutions, serving as a single service provider for shipments of all sizes, both domestically and internationally. Additional information
about Barnhart Group and its operating companies is available at www.barnhartinc.com.

Contact: info@barnhartinc.com

Please note all future Company updates and press releases will be made available on the Company’s website.

Forward-Looking Statements

The statements contained in this corporate update that are not historical fact are forward-looking statements.  Forward-looking statements may be identified by the use of forward-looking terminology such as “should,” “could,” “may,” “will,” “expect,” “believe,” “estimate,” “anticipate,” “intends,” “continue,” or similar terms or variations of those terms or the negative of those terms. All forward-looking statements are the Company’s present expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These statements appear in a number of places in this corporate update and include statements regarding the intent, belief or current expectations of Barnhart Group, Inc. Forward-looking statements are merely management’s current predictions of future events. Investors are cautioned that any such forward-looking statements are inherently uncertain, are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from the Company’s predictions. There are a number of factors that could negatively affect the Company’s business, including, but not limited to, changes in its plans, strategies and intentions; changes associated with the Company’s cash flows, balance sheet and operating results; the impact of significant acquisitions, dispositions and other similar transactions; the Company’s ability to attract and retain key employees; asset impairments; changes in interest rates; and changes in the full-service logistics market. Such factors could materially affect the Company’s future operating results and could cause actual events to differ materially from those described in forward-looking statements relating to the Company. Although the Company’s management has sought to identify the most significant risks to its business, it cannot predict whether, or to what extent, any of such risks may be realized, nor is there any assurance that it has identified all possible issues that it might face.  In light of these assumptions, risks and uncertainties, the results and events discussed in the forward-looking statements contained in this corporate update might not occur. Stockholders are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this corporate update. The Company is not under any obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise except as may be required by applicable law. All subsequent forward-looking statements attributable to the Company or to any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section.