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Dec 31, 2022
ArcBest Q4 2022 Earnings Report
ArcBest's Q4 2022 earnings were announced, revealing a mix of challenges and achievements amidst ongoing macro trends.
Key Takeaways
ArcBest reported Q4 2022 revenue of $1.2 billion, a $59.0 million increase compared to Q4 2021. Net income was $37.3 million, or $1.48 per diluted share, while non-GAAP net income was $61.6 million, or $2.45 per diluted share. The results reflect the impact of a full quarter of MoLo Solutions operations.
Delivered fourth quarter 2022 net income of $37.3 million, or $1.48 per diluted share, with non-GAAP fourth quarter 2022 net income of $61.6 million, or $2.45 per diluted share.
Achieved a second consecutive year of record-setting annual revenue and net income.
ABF Freight will pay a profit-sharing bonus to qualifying union-represented employees for the fourth year in a row.
Continued investments in ArcBest’s people, integrated logistics solutions and innovative mindset will drive continued growth.
ArcBest
ArcBest
ArcBest Revenue by Segment
Revenue by Segment
Asset-Based Revenue
CapyFin.comAsset-Light Revenue
CapyFin.com Forward Guidance
ArcBest is celebrating its 100th anniversary in 2023.
Positive Outlook
- Continued investments in ArcBest’s people
- Unrivaled network of integrated logistics solutions
- Innovative mindset
- Drive continued growth
- Greater efficiency and value creation for generations to come
Revenue & Expenses
Visualization of income flow from segment revenue to net income