secwatch.observer — SEC 8-K summary
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Issuer:     ARCBEST CORP /DE/ (ARCB)
CIK:        0000894405
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001558370-23-012449
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894405/000155837023012449/0001558370-23-012449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894405/000155837023012449/arcb-20230728x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-012449

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer