Loading...
•
Jun 30, 2024
ArcBest Q2 2024 Earnings Report
ArcBest demonstrated strong productivity and service metric improvements.
Key Takeaways
ArcBest reported second quarter 2024 revenue of $1.08 billion and net income of $46.9 million, or $1.96 per diluted share. The company saw significant efficiency improvements at ABF Freight and improved Asset-Based operating income despite higher labor costs and lower revenue.
Delivered second quarter 2024 net income of $46.9 million, or $1.96 per diluted share, and non-GAAP net income of $47.4 million, or $1.98 per diluted share.
Achieved significant efficiency improvements at ABF Freight, resulting in the best on-time service in five years.
Improved Asset-Based operating income, despite higher labor contract costs and lower revenue.
Asset-Based segment delivered its second-best operating income result for a second quarter in company history on a non-GAAP basis.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the release.
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
Loading earnings performance data...
Loading earnings reaction data...