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Sep 30, 2024
ArcBest Q3 2024 Earnings Report
ArcBest reported third quarter results, demonstrating resilience through cost control and productivity gains amidst a challenging freight environment.
Key Takeaways
ArcBest reported Q3 2024 revenue of $1.06 billion, a decrease from $1.13 billion in Q3 2023. Net income was $100.3 million, or $4.23 per diluted share, which included a $69.1 million after-tax benefit. On a non-GAAP basis, net income was $38.8 million, or $1.64 per diluted share.
Focused on cost control initiatives to mitigate headwinds from challenging freight environment.
Achieved productivity gains from technology, training, and network design.
Improved service, with ABF recognized by Mastio for exceeding the industry benchmark.
Recognized a $69.1 million after-tax benefit from the reduction in the fair value of contingent consideration related to a 2021 acquisition.
ArcBest
ArcBest
ArcBest Revenue by Segment
Revenue by Segment
Asset-Based Revenue
CapyFin.comAsset-Light Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income