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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.
Revenue by Segment
Forward Guidance
This document does not contain any forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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