ArcBest Q1 net loss $2.9M on revenue $1.0B; non-GAAP EPS $1.34 down YoY

ARCBEST CORP /DE/

2024-Q1 EPS reported -$0.10 revenue$1,036,419,000

Revenue from continuing ops $1.0B, down ~9% YoY from $1.1B.
GAAP net loss $2.9M ($0.12/share) includes $21.6M after-tax equity impairment charge from Phantom Auto.
Non-GAAP net income $32.3M ($1.34/share) vs $39.5M ($1.58) in Q1 2023.
Asset-Based operating ratio improved to 92.0% on core shipment growth of 12%; operating income $53.5M.
Asset-Light reported non-GAAP operating loss $4.7M and negative Adjusted EBITDA ($2.9M).

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 first quarter 2024 results: revenue $1.0 billion, net income $2.9 million, EPS $0.12 per diluted share.

Period: first quarter 2024
Revenue: $1.0 billion
Net income: $2.9 million
EPS: $0.12 per diluted share
Result: reported results

Exact text from the filing

ArcBest ® (Nasdaq: ARCB) , a leader in supply chain logistics, today reported first quarter 20 24 revenue from continuing operations of $ 1.0 billion, compared to $1.1 billion in the first quarter of 2023. First quarter 202 4 operating income from continuing operations was $ 22.4 million , compared to $21.2 million in the prior year period, and net loss from continuing operations was $ 2.9 million, or $ 0.12 per diluted share , compared to net income of $18.8 million, or $0.75 per diluted share, in 2023 .

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Source: SEC EDGAR

accession 0001558370-24-006193

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