earnings
confidence high
sentiment negative
materiality 0.75
ArcBest Q3 GAAP EPS $4.23 includes $69.1M benefit; non-GAAP EPS $1.64 down 29% YoY
ARCBEST CORP /DE/
2024-Q3 EPS reported
$6.06
revenue$3,177,374,000
- Revenue $1.06B (-6% YoY); asset-based segment revenue $709.7M (-5.8% per day).
- Non-GAAP net income $38.8M ($1.64 diluted EPS) vs $56.7M ($2.31) in Q3 2023.
- Reduced contingent consideration liability by $91.9M pre-tax ($69.1M after-tax) from 2021 acquisition earnout.
- Asset-based operating ratio 91.0% (non-GAAP) vs 88.8% a year ago; tonnage per day down 11.3%.
- Asset-light segment non-GAAP operating loss $3.9M, comparable to prior year; shipments per employee per day up 19.5%.