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Sep 30, 2023
ArcBest Q3 2023 Earnings Report
ArcBest's third quarter results were announced, revealing decreased revenue and operating income compared to the previous year, impacted by noncash lease impairment charges.
Key Takeaways
ArcBest reported Q3 2023 revenue of $1.1 billion, a decrease from $1.3 billion in Q3 2022. Operating income was $45.1 million, down from $115.3 million, and net income was $34.9 million, or $1.42 per diluted share, compared to $88.6 million, or $3.49 per diluted share in the prior year. Results were impacted by $30.2 million in noncash lease impairment charges.
Third quarter revenue from continuing operations was $1.1 billion.
Third quarter operating income from continuing operations was $45.1 million.
Third quarter net income from continuing operations was $34.9 million, or $1.42 per diluted share.
Asset-Based operating ratio of 89.9 percent, or 88.8 percent on a non-GAAP basis.
ArcBest
ArcBest
ArcBest Revenue by Segment
Revenue by Segment
Asset-Based Revenue
CapyFin.comAsset-Light Revenue
CapyFin.com Forward Guidance
The document does not contain explicit forward guidance. Therefore, this section will be left empty
Revenue & Expenses
Visualization of income flow from segment revenue to net income