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Sep 30, 2021
ArcBest Q3 2021 Earnings Report
ArcBest achieved record results driven by successful growth strategy.
Key Takeaways
ArcBest reported record third quarter revenue of $1.0 billion, a 27.9% increase over the prior year. Net income improved to $63.7 million, or $2.38 per diluted share, and on a non-GAAP basis, net income was $69.2 million, or $2.59 per diluted share. The company's strategic vision and investments in innovation, technology, and logistics solutions drove the superior performance.
Third quarter revenue reached $1.0 billion, representing a 27.9 percent increase compared to the third quarter of 2020.
Net income increased to $63.7 million, or $2.38 per diluted share.
Non-GAAP net income for the third quarter was $69.2 million, or $2.59 per diluted share.
ArcBest achieved the highest quarterly revenue and operating income in its history.
ArcBest
ArcBest
ArcBest Revenue by Segment
Revenue by Segment
Asset-Based Revenue
CapyFin.comAsset-Light Revenue
CapyFin.com Forward Guidance
ArcBest is focused on continuing to successfully execute its growth strategy and creating sustainable value for its stakeholders, including its shareholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income