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ArcBest Q3 2024 Earnings Report

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$94.13 -3.45 (-3.54%)
(As of 12/20/2024 05:40 PM ET)

ArcBest EPS Results

Actual EPS
$1.64
Consensus EPS
$1.84
Beat/Miss
Missed by -$0.20
One Year Ago EPS
$2.31

ArcBest Revenue Results

Actual Revenue
$1.06 billion
Expected Revenue
$1.07 billion
Beat/Miss
Missed by -$5.59 million
YoY Revenue Growth
-5.80%

ArcBest Announcement Details

Quarter
Q3 2024
Time
Before Market Opens
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ArcBest Earnings Headlines

Wells Fargo Reaffirms Their Hold Rating on ArcBest (ARCB)
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ArcBest price target lowered to $105 from $111 at BofA
LTL stocks sag on Q4 updates
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About ArcBest

ArcBest (NASDAQ:ARCB), an integrated logistics company, engages in the provision of ground, air, and ocean transportation solutions. It operates through two segments: Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services, that transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products. The segment also offers motor carrier freight transportation services to customers in Mexico through arrangements with trucking companies. The Asset-Light segment provides ground expedite services; third-party transportation brokerage services by sourcing various capacity solutions, including dry van over-the-road, temperature-controlled and refrigerated, flatbed, intermodal or container shipping, and specialized equipment; less-than- and full container load ocean transportation services; warehousing and distribution services; managed transportation services; and moving services to do-it-yourself' consumer, as well as provides final mile, time critical, product launch, retail logistics, supply chain optimization, and trade show shipping services. This segment also offers premium logistics services, such as deployment of specialized equipment to meet linehaul requirements; international freight transportation with air, ocean, and ground services; and engages in the final mile, time-critical, product launch, retail logistics, supply chain optimization, brokered LTL, and trade show shipping activities. The company was formerly known as Arkansas Best Corporation and changed its name to ArcBest Corporation in May 2014. ArcBest Corporation was founded in 1923 and is headquartered in Fort Smith, Arkansas.

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