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Mar 31, 2024
ArcBest Q1 2024 Earnings Report
ArcBest's first quarter results were announced, showing a focus on service excellence and efficiency.
Key Takeaways
ArcBest reported Q1 2024 revenue of $1.0 billion, a decrease from $1.1 billion in Q1 2023. The company experienced a net loss of $2.9 million, or $0.12 per diluted share, compared to a net income of $18.8 million, or $0.75 per diluted share, in the same period last year. Excluding certain items, non-GAAP net income was $32.3 million, or $1.34 per diluted share, compared to $39.5 million, or $1.58 per diluted share, in Q1 2023.
Revenue from continuing operations was $1.0 billion, compared to $1.1 billion in Q1 2023.
Operating income from continuing operations was $22.4 million, compared to $21.2 million in the prior year period.
Net loss from continuing operations was $2.9 million, or $0.12 per diluted share, compared to net income of $18.8 million, or $0.75 per diluted share, in 2023.
Non-GAAP net income from continuing operations was $32.3 million, or $1.34 per diluted share, compared to $39.5 million, or $1.58 per diluted share, in Q1 2023.
ArcBest
ArcBest
ArcBest Revenue by Segment
Revenue by Segment
Asset-Based Revenue
CapyFin.comAsset-Light Revenue
CapyFin.com Forward Guidance
This document does not contain forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income