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Mar 31, 2021
ArcBest Q1 2021 Earnings Report
ArcBest reported record quarterly revenue and best-ever operating income for the first quarter.
Key Takeaways
ArcBest reported first quarter revenue of $829.2 million, an 18% increase over last year, and net income of $23.4 million, or $0.87 per diluted share. The company's first quarter operating income was the best in its history.
First quarter 2021 revenue of $829.2 million, and net income of $23.4 million, or $0.87 per diluted share.
On a non-GAAP basis, first quarter 2021 net income of $27.2 million, or $1.01 per diluted share.
Record quarterly revenue that increased 18% over last year.
First quarter operating income, which increased more than three times over first quarter 2020, was the best in ArcBest’s history.
ArcBest
ArcBest
ArcBest Revenue by Segment
Revenue by Segment
Asset-Based Revenue
CapyFin.comAsset-Light Revenue
CapyFin.com Forward Guidance
ArcBest is optimistic about the remainder of 2021 and is focused on providing assured capacity to its customers.
Positive Outlook
- Strong start to 2021
- Businesses are normalizing
- Employees are working hard for customers
- Assured capacity is a shared mindset
- ArcBest is a leading logistics company
Revenue & Expenses
Visualization of income flow from segment revenue to net income