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Dec 31, 2020
ArcBest Q4 2020 Earnings Report
ArcBest's fourth quarter earnings were announced, reflecting revenue growth and improved profitability.
Key Takeaways
ArcBest reported Q4 2020 revenue of $816.4 million, a 14% increase year-over-year. Net income was $23.9 million, or $0.89 per diluted share, compared to a net loss in Q4 2019. Non-GAAP net income was $26.0 million, or $0.97 per diluted share.
Fourth quarter revenue reached $816.4 million with net income at $23.9 million ($0.89 per diluted share).
Non-GAAP net income for the fourth quarter was $26.0 million ($0.97 per diluted share).
ArcBest's non-GAAP operating income marked the second-best performance since 2006.
A profit-sharing bonus will be paid to union-represented ABF Freight employees for the second consecutive year.
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 earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income