secwatch.observer — SEC 8-K summary
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Issuer:     ARCBEST CORP /DE/ (ARCB)
CIK:        0000894405
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001558370-24-014076
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ArcBest Q3 GAAP EPS $4.23 includes $69.1M benefit; non-GAAP EPS $1.64 down 29% YoY
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894405/000155837024014076/0001558370-24-014076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894405/000155837024014076/arcb-20241101x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-014076

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