ArcBest Announces Third Quarter 2024 Results
ArcBest Corporation (ARCB)
Last arcbest corporation earnings: 1/30 04:05 pm
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Source: Business Wire
Continued focus on cost control initiatives to mitigate headwinds from challenging freight environmentProductivity gains from technology, training, and network designService improvements, including Mastio recognizing ABF for exceeding the industry benchmark on service FORT SMITH, Ark.--(BUSINESS WIRE)--ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today reported third quarter 2024 revenue of $1.06 billion, compared to $1.13 billion in third quarter 2023. Net income was $100.3 million, or $4.23 per diluted share, including a $69.1 million after-tax benefit from the reduction in the fair value of contingent consideration related to a 2021 acquisition, compared to $34.9 million, or $1.42 per diluted share in the prior year. On a non-GAAP basis, third quarter 2024 net income was $38.8 million, or $1.64 per diluted share, compared to $56.7 million, or $2.31 per diluted share in the prior year.“Over the past year, we have made substantial strides in controlling costs, impr
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ARCB
News
- ArcBest Named to Fast Company’s List of the Next Big Things in TechBusiness Wire
- LTL general rate increases buck pricing concerns for industry [Yahoo! Finance]Yahoo! Finance
- Fraud Watch: Uncovering the dark side of freight [Yahoo! Finance]Yahoo! Finance
- ArcBest Co. (NASDAQ: ARCB) had its price target raised by analysts at Citigroup Inc. from $110.00 to $127.00. They now have a "neutral" rating on the stock.MarketBeat
- We Think That There Are Some Issues For ArcBest (NASDAQ:ARCB) Beyond Its Promising Earnings [Yahoo! Finance]Yahoo! Finance
ARCB
Earnings
- 11/1/24 - Miss
ARCB
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- 11/8/24 - Form 4
- ARCB's page on the SEC website