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Dec 31, 2023
ArcBest Q4 2023 Earnings Report
ArcBest reported solid financial results for Q4 2023, driven by strong execution and cost discipline amidst market disruptions.
Key Takeaways
ArcBest reported Q4 2023 revenue of $1.1 billion, net income of $48.8 million, or $2.01 per diluted share, and non-GAAP net income of $60.0 million, or $2.47 per diluted share. The company's strong execution and cost discipline helped customers navigate market disruptions.
Delivered fourth quarter 2023 net income of $48.8 million, or $2.01 per diluted share, with non-GAAP fourth quarter 2023 net income of $60.0 million, or $2.47 per diluted share.
Achieved full year 2023 net income from continuing operations of $142.2 million, or $5.77 per diluted share.
Returned $103 million to shareholders in 2023 through share repurchases and quarterly cash dividends.
ArcBest’s board has increased the company’s share repurchase program authorization to $125 million.
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