ArcBest Q2 GAAP EPS $1.60 vs $3.97; revenue $1.1B, down 15% YoY

ARCBEST CORP /DE/

2023-Q2 EPS reported $4.49 revenue$2,209,558,000

GAAP diluted EPS from continuing ops $1.60 vs $3.97; non-GAAP $1.54 vs $4.26.
Revenue $1.1B, down 15% YoY; Asset-Based rev $722M (-10%/day); Asset-Light $409.8M (-25.4%/day).
Asset-Based operating ratio 94.0% vs 85.5% YoY; non-GAAP OR 92.8%.
Asset-Light operating income $13.2M vs $27.5M; $3M cost cuts implemented.
Returned $41.2M to shareholders via buybacks in H1; $83.8M remaining under authorization.

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 Q2 2023 results: revenue second quarter 2023 revenue from continuing operations of $1.1 billion, net income Second quarter 2023 net income of $40.4 million, EPS $1.64 per diluted share.

Period: Q2 2023
Revenue: second quarter 2023 revenue from continuing operations of $1.1 billion
Net income: Second quarter 2023 net income of $40.4 million
EPS: $1.64 per diluted share
Result: reported results

Exact text from the filing

FORT SMITH, Ark . , July 28 , 20 23 — ArcBest ® (Nasdaq: ARCB) , a leader in supply chain logistics, today reported second quarter 20 23 revenue from continuing operations of $ 1.1 billion, compared to $1.3 billion in the second quarter of 2022. Second quarter 2023 net income was $40.4 million, or $1.64 per diluted share, compared to $102.5 million, or $4.00 per diluted share, in the second quarter of 2022 .

View on SEC.gov

Browse all earnings releases →

ARCBEST CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001558370-23-012449

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.