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Mar 31, 2022
ArcBest Q1 2022 Earnings Report
ArcBest reported record profitability and solidifies position as leading integrated logistics company.
Key Takeaways
ArcBest reported a Q1 2022 revenue of $1.3 billion, a 61.0 percent increase over Q1 2021. Net income improved to $69.6 million, or $2.68 per diluted share. On a non-GAAP basis, net income was $79.8 million, or $3.08 per diluted share.
First quarter 2022 revenue of $1.3 billion increased 61.0 percent over first quarter 2021.
Net income improved to $69.6 million, or $2.68 per diluted share. On a non-GAAP basis, first quarter 2022 net income was $79.8 million, or $3.08 per diluted share.
Continued significant investments in technology, customer solutions and people to drive revenue growth.
Each of ArcBest’s operating segments achieved double-digit percentage revenue growth over the prior year period.
ArcBest
ArcBest
ArcBest Revenue by Segment
Revenue by Segment
Asset-Based Revenue
CapyFin.comAsset-Light Revenue
CapyFin.com Forward Guidance
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements and information in this press release concerning results for the three months ended March 31, 2022 may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding (i) our expectations about our intrinsic value or our prospects for growth and value creation and (ii) our financial outlook, position, strategies, goals, and expectations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income