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ArcBest Corporation (ARCB)
NASDAQ:ARCB
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.08Last Year’s EPS
$2.47Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: -9.55%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several strategic initiatives and operational improvements, including significant cost savings, service excellence recognition, and growth in managed solutions. However, these positives were offset by declines in revenue, shipment weight, and continued losses in the Asset-Light segment, reflecting challenges in the broader market. Overall, the sentiment is mixed with both achievements and ongoing challenges.Company Guidance
During the ArcBest Q3 2024 earnings call, key guidance metrics were discussed, highlighting both challenges and strategic initiatives. The company reported a 6% decline in consolidated revenue to $1.1 billion, with non-GAAP operating income from continuing operations at $55 million, down from $75 million in the prior year. Adjusted earnings per share also fell to $1.64 from $2.31 in Q3 2023. In the Asset-Based segment, the non-GAAP operating ratio increased by 220 basis points year-over-year to 91%, with a noted 11% decrease in tons per day due to industrial weakness. Managed transportation solutions showed double-digit shipment growth, reflecting ArcBest's success in optimizing supply chains. The company also made significant strides in efficiency, with a 20% productivity improvement in asset-light operations. Looking ahead, ArcBest anticipates a non-GAAP operating loss of $5-7 million in the Asset-Light segment for Q4, citing ongoing market challenges, but remains focused on strategic pricing and operational efficiency to drive sustainable growth.Cost Savings from Operations Experts
Operations experts deployed to ABF facilities have saved $7 million this year, with more savings anticipated as efforts expand into 2025.
Recognition for Service Excellence
ABF exceeded industry benchmarks in the 2024 Mastio survey, ranking #1 or #2 in half of surveyed categories, affirming their status as a premium provider.
Managed Transportation Solutions Growth
Managed transportation solutions showed double-digit shipment growth, helping customers optimize supply chains and driving top and bottom line growth.
Facility and Equipment Investments
ArcBest opened three remodeled facilities adding nearly 80 doors, with plans for further expansion. Investments in new equipment reduced repair and maintenance costs by $5 million compared to last year.
Productivity and Efficiency Improvements
Year-over-year productivity improved by 20% for asset-light and 6% for asset-based operations through technology and innovation investments.
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ARCB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARCB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $104.07 | $99.92 | -3.99% |
| Aug 02, 2024 | $121.42 | $105.25 | -13.32% |
| Apr 30, 2024 | $129.03 | $110.55 | -14.32% |
| Feb 06, 2024 | $127.55 | $138.01 | +8.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ArcBest Corporation (ARCB) report earnings?
ArcBest Corporation (ARCB) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is ArcBest Corporation (ARCB) earnings time?
ArcBest Corporation (ARCB) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARCB EPS forecast?
ARCB EPS forecast for the fiscal quarter 2024 (Q4) is $1.08.
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