secwatch.observer — SEC 8-K summary
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Issuer:     ARCBEST CORP /DE/ (ARCB)
CIK:        0000894405
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001558370-23-000800
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894405/000155837023000800/0001558370-23-000800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894405/000155837023000800/arcb-20230203x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000800

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