Loading...
•
Jun 30, 2023
ArcBest Q2 2023 Earnings Report
ArcBest's second quarter 2023 results were announced, demonstrating resilience in a changing market with a focus on efficient operations.
Key Takeaways
ArcBest reported Q2 2023 revenue of $1.1 billion and net income of $40.4 million, or $1.64 per diluted share. The company is focused on efficient operations and adapting to a rapidly changing market.
Second quarter net income reached $40.4 million, translating to $1.64 per diluted share.
Net income from continuing operations was $39.6 million, or $1.60 per diluted share.
On a non-GAAP basis, net income from continuing operations amounted to $38.0 million, or $1.54 per diluted common share.
The company is focused on aligning costs with business levels and achieved $3 million of previously announced cost reductions for second quarter 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 any forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income