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Jun 30, 2021
ArcBest Q2 2021 Earnings Report
ArcBest achieved record quarterly revenue and operating income, driven by strong customer demand and a solid pricing environment.
Key Takeaways
ArcBest reported record second quarter 2021 revenue of $949.0 million, a significant increase from $627.4 million in the same quarter of 2020. Net income for the quarter was $61.0 million, or $2.27 per diluted share, compared to $15.9 million, or $0.61 per diluted share in Q2 2020. The company's strong performance reflects tireless execution amidst tight capacity and high demand.
Second quarter revenue reached $949.0 million.
Net income was reported at $61.0 million, or $2.27 per diluted share.
Non-GAAP net income was $53.1 million, or $1.97 per diluted share.
ArcBest's Asset-Based business benefited from increasing customer demand and a solid pricing environment.
ArcBest
ArcBest
ArcBest Revenue by Segment
Revenue by Segment
Asset-Based Revenue
CapyFin.comAsset-Light Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income