ArcBest FY2022 revenue $5.3B record; Q4 EPS $1.48 GAAP, $2.45 adj, down YoY

ARCBEST CORP /DE/

2022-FY EPS reported $11.69 revenue$5,324,052,000

FY2022 net income $298.2M ($11.69 diluted) vs $213.5M ($7.98) in FY2021; record annual revenue of $5.3B.
Q4 2022 revenue $1.2B (+$59M YoY); GAAP net income $37.3M ($1.48/diluted share) vs $65.5M ($2.47) in Q4 2021.
Asset-Based Q4 op income $75.1M GAAP ($81.4M adj); tonnage per day down 5.5%, shipments per day up 0.8%.
Asset-Light Q4 op loss $9.6M GAAP (incl $17.5M MoLo earnout charge); adj op income $11.1M.
Returned $76M to shareholders via $65M buybacks (822k shares) and dividends; dividend raised 50% to $0.12/qtr.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARCBEST CORP /DE/ reported Full Year 2022 results: revenue $5.3 billion, net income $298.2 million, EPS $11.69 per diluted share.

Period: Full Year 2022
Revenue: $5.3 billion
Net income: $298.2 million
EPS: $11.69 per diluted share
Result: reported results

Exact text from the filing

ArcBest’s full year 2022 revenue totaled a record $5.3 billion compared to $4.0 billion in 2021. Net income was $298.2 million, or $11.69 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARCBEST CORP /DE/ reported Full Year 2022 (Non-GAAP) results: net income $348.4 million, EPS $13.66 per diluted share.

Period: Full Year 2022 (Non-GAAP)
Net income: $348.4 million
EPS: $13.66 per diluted share
Result: reported results

Exact text from the filing

On a non-GAAP basis, ArcBest’s 2022 net income was $348.4 million, or $13.66 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARCBEST CORP /DE/ reported Fourth Quarter 2022 (Non-GAAP) results: net income $61.6 million, EPS $2.45 per diluted share.

Period: Fourth Quarter 2022 (Non-GAAP)
Net income: $61.6 million
EPS: $2.45 per diluted share
Result: reported results

Exact text from the filing

Excluding certain items in both periods as identified in the attached reconciliation tables, fourth quarter 2022 non-GAAP operating income was $82.7 million, compared to $102.2 million in the prior-year period. On a non-GAAP basis, net income was $61.6 million, or $2.45 per diluted share

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Source: SEC EDGAR

accession 0001558370-23-000800

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