earnings
confidence high
sentiment positive
materiality 0.80
ArcBest Q3 revenue $1.4B (+33% YoY); EPS $3.50 GAAP, $3.80 adjusted
ARCBEST CORP /DE/
2022-Q3 EPS reported
$10.18
revenue$4,079,834,000
- Net income $88.8M ($3.50 diluted EPS); non-GAAP net income $96.4M ($3.80 diluted EPS).
- Asset-Based revenue $791.5M (+16.2% per day); operating ratio improved to 86.2% from 87.7%.
- Asset-Light revenue $604.5M (+62.6% per day) driven by MoLo acquisition; operating income $16.3M.
- Company on track to exceed $5B annual revenue for first time in history; cites softening demand but remains positive.
- Fuel surcharges boosted revenue per hundredweight +11.1%; LTL-rated ex-fuel up high-single digits.