secwatch.observer — SEC 8-K summary
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Issuer:     ARCBEST CORP /DE/ (ARCB)
CIK:        0000894405
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001558370-24-006193
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894405/000155837024006193/0001558370-24-006193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894405/000155837024006193/arcb-20240430x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006193

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